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Full text of "Statistical summary, January - December 1951"

Digitized by the Internet Archive 
in 2013 



http://archive.org/details/statisticalsumma1951bank 






Gor <m* eo( 









INDEX 



STATISTICAL SUMMARY 



BANK OF CANADA 



1951 



INDEX 1951 



651G57 



/ ^ 



S7 



INDEX 1951 



M indicates every issue. 
Unless otherwise stated tables and charts refer to Canada only. 



Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 



Tables 



Charts 



Agriculture 

Dairy Products: manufactured 

production 
Employment: numbers 
Exports: by commodity: value 

volume 
Farm Operating & Living Costs: index 
Farm Products: wholesale price index: Canada 

U.S.A. 
Government Payments 
Grain & Products: financial statistics 
Grains: acreage & production . 
Imports: by commodity: value 

volume 
Income: cash 
gross 
net 
Loans: chartered banks 
Price Index: by province 

total 
Production: index: by province 
Wheat — see Wheat 

See also individual commodities or groups 
Aircraft 

Exports: value 36, 88, 140, 222 

Aluminum 

Exports: value 35, 87, 139, 221 

volume 51, 105, 155 

Animal Products 

Imports: value 15, 69, 121, 205 

Wholesale Price Index 46, 66, 84, 100, 117, 130, 

149, 179, 203, 216 
See also Cattle & Meats and Livestock 

Asbestos 

Exports: value 36, 88, 140, 222 

volume 51, 105, 155 

Production: value & volume 10 

Automobiles (Passenger) 

Retail Sales & Financing: volume 132 



104 . 


104 


104 . 


104 


82, 133 . 


134 


35, 87, 139, 221 




51, 105, 155 




86 . . . 


85 


M 




M . 


29,54 


49, 85, 148 . 


49, 85 


79, 168, 187 




31, 135 . 


136 


69, 121, 205 




52, 106, 156 




49, 85, 148 . 


49 


85 . . . 


85 


27, 85 


85 


163, 164 . 


160 


30 




30 . . . 


85 


86 





108, 117, 158 



B 

Balance of Payments 

Estimates 67, 68 

Merchandise Trade Balance M . 

Tourist Account Balance 154 . 



Bank Deposits 

Bank of Canada & Chartered Banks 

See also Chartered Banks 

Bank Loans — See Chartered Banks and Loans & Investments 

Bank of Canada 

Assets 

Deposits 

Foreign Exchange 



M 



M 

M 
M 



34, 72, 90, 224 
154 



in 
OsSLsbX 






iDEX 1951 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

J\ Bank of Canada — continued 

Gold & Exchange Holdings: net . M 

Investments M 

See also Industrial Development Bank and Loans & Investments 

Liabilities M 

Note Circulation M 

See also Note Circulation 

Banks — See Bank of Canada and Chartered Banks 

Beverages 

Earnings: hourly & weekly 219, 220 

Exports: value 36, 88, 140, 222 

Financial Statistics 79, 168, 187, 189 

Hours Worked 219 

Imports: value 15, 69, 121, 205 

volume 52, 106, 156 

Loans: chartered banks 163, 164 

Production: index 25, 99, 129 

Bond Issues 

Amount Outstanding 8 

New Issues and Retirements 7, 61, 115, 177 

Summary of Changes in Currency of Payment 8,61,115,177 

See also Government Bonds 

Business Activity M 

c 

Canadian National Railways 

Bonds Outstanding: total gtd. & ungtd: by currency of payment . 8 

Deficit 63 

Loans from Government of Canada 63 

New Issues and Retirements — see Bond Issues 
Capital Issues — See Bond Issues 
Car Loadings 

Volume M 

Cash (Chartered Banks) M .... 37 

Cash Income — See Farm Income and Personal Income 

Cash Ratio (Chartered Banks) M .... 20, 38 

Cattle & Meats 

Exports: value 35, 87, 139, 221 

volume 51, 105, 155 

Central Electric Stations — See Electric Power 
Chartered Banks 

Assets M 

Cash M .... 37 

Cash Ratio M .... 20, 38 

Deposits: active total M .... 74 

annual classification 165 

Canadian total M .... 19, 37 

demand M, 165 . . . 181, 182 

foreign M 

notice: active M 

inactive: resident & non-resident holdings ... 5, 59, 127, 185 

total M .... 2 

total M, 166 ... 73, 181, 182 

savings — see notice (above) 

total M 

with Bank of Canada M 

See also Bank Deposits 

Investments M .... 19, 159 

See also Loans & Investments 

Liabilities M 



INDEX 1951 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of lime. 

Tables Charts 

Chartered Banks— continued 

Loans: call M 

Canadian total M, 163, 164 . . 19, 159 

classification: estimated quarterly 163, 164 . . . 159, 160 

current M . . . . / 

foreign M 

See also Loans & Investments 
Note Circulation — see Note Circulation 
Security Holdings — see Investments (above) 

Chemicals & Allied Products 

Exports: value 36, 88, 140, 222 

Financial Statistics 79, 168, 187, 198 

Imports: value 15, 69, 121, 205 

Loans: chartered banks 163, 164 

Clothing 

Earnings: hourly & weekly 219, 220 

Financial Statistics 79, 168, 187 

Hours Worked 219 

Loans: chartered banks 163, 164 

Production: index 25,99,129 

Retail Price Index: Canada M .... 47, 118 

U.S.A 118 

Retail Trade: value: by type 131 

Coal 

Consumption . 83 .... 83 

Financial Statistics 79, 168, 187 

Imports: value 16, 70, 122, 206 

volume 52, 83, 106, 156 83 

Production: value & volume 10 .... 9 

Communications — -See Transportation & Communications 

Construction 

Contracts Awarded: value: by area 103 

by type & total ■ 103 .... 103 

residential M, 103 . . .103 

Dwelling Units: started & completed: by province & type ... 50 .... 50 

Earnings: hourly & weekly 219,220 220 

Employment: index . 48, 134 

Hours Worked 219 220 

Loans: chartered banks 163, 164 

New Construction: value: private & public: U.S.A 54, 108, 158 

Residential Building: index of costs 50 

Payrolls: index 48 

Consumer Credit 

Value Outstanding : by type 150, 214 . . . 150, 214 

See also Automobiles (Passenger) 

Copper 

Exports: value 35, 87, 139, 221 

volume 51, 105, 155 

Production: value & volume 10 .... 9 

Corporate Finance 

Balance Sheet 167, 169-172, 188-201 

Bond Issues & Retirements 7, 61, 115, 177 

Bonds Outstanding: by currency of payment 8 

Source & Use of Funds 167, 169-172, 188-201 

Taxation 64, 79, 167, 169-172, 80 

175, 188-201 

Corporate Profits 79, 167-172, 187-201 80 

Cost of Living Indexes 

Component Indexes: Canada M . . . . 47, 118 

U.S.A 118 

Farm Index 86 .... 85 



iDEX 1951 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

(Cost of Living Indexes — continued 

Total Index: Canada M .... 47, 118 

U.S.A 54, 108, 118, 158 

I Cotton 

Imports: value 16, 70, 122, 206 

volume 52, 106, 156 

■I Country General Store Sales 131 

I Credit Buying — See Consumer Credit 
I Currency & Active Bank Deposits 

Composition M .... 74 

Resident & Non-Resident Holdings 5, 59, 127, 185 

Total M .... 2, 55, 74, 91, 109, 

123, 141, 207 
See also Chartered Banks 
I Current Loans — See Chartered Banks: Loans 

D 

Dairy Products 

Cash Income 49, 148 ... 49 

Consumption: per capita: index 104 

Exports: value 35, 87, 139, 221 

volume 51, 105, 155 

Manufactured: value 104 

volume 104 .... 104 

Production: value 104 

volume 104 .... 104 

Department Store Sales M, 131 

Deposit Certificates 

Amount Outstanding 7, 61, 64, 115, 177 

Net New Issues or Retirements 7,61,115,177 

Deposits — See Bank Deposits, Bank of Canada, and Chartered Banks 

Dividends — See Interest & Dividends 

E 

Earnings — See Personal Income and Salaries & Wages 

Electric Power 

Capacity 102 

Consumption 102 .... 102 

Exports: volume 102 

Financial Statistics 79, 168, 187, 201 

Production: index 25,99,129 

volume M, 102 ... 102 

Electrical Apparatus 

Exports: value 35, 87, 139, 221 

Financial Statistics 79, 168, 187, 194 

Imports: value 16, 70, 122, 200 

Loans: chartered banks 163, 164 

Employment 

Indexes: by industries 48, 134 . . . 202 

total M, 48, 134 

Numbers: Canada: by region 82, 133 

total 82, 133 ... 134 

U.S.A 54, 108, 158 

Energy Sources 83 .... 83 

Expenditure — See Personal Consumption Expenditure and Public Finance 

Exports — See External Trade 

External Trade 

Balance of Merchandise Trade — see Merchandise Trade Balance (below) 

Capital & Current Account Items 67, 68 



INDEX 1951 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

External Trade — continued 

Exports: goods & services: value 27 .... 28 

merchandise: value: by commodities 35,36,87,88, 139, 

140, 221, 222 

by countries M . . . 18, 34, 72, 90, 224 

in constant dollars 138 

volume: by commodities 51, 105, 155 

Imports: goods & services: value 27 .... 28 

merchandise: value: by commodities 15, 16, 69, 70, 121, 122, 

205, 206 

by countries M . . . 18,34,72,90, 224 

in constant dollars 138 

volume: by commodities 52, 106, 156 

Invisible Items 67, 68 

Merchandise Trade Balance M .... 34. 72, 90, 224 

Merchandise Trade in Balance of International Payments . . . 67, 68 

Tourist Trade: receipts & expenditures 67,68,154 . . 154 

F 

Farm Income 

Cash: value: by products 49, 148 . . . 49 

by regions 49, 85, 148 

Government Payments 49, 85, 148 49,85 

Net & Gross Income 85 .... 85 

Farm Operating & Living Costs 86 .... 85 

Farm Products 

Exports: value 35, 87, 139, 221 

volume 51, 105, 155 

Imports: value 15, 69, 121, 205 

Price Index: by province 30 

total 30 .... 85 

Wholesale Price Index: Canada M 

U.S.A M .... 29, 54, 108, 117, 158 

See also individual commodities or groups 

Fertilizers 

Exports: value 36, 88, 140, 222 

volume 51, 105, 155 

Field Crops 

Cash Income 49, 148 ... 49 

Wholesale Price Index 46,66,84,100,117,130, 

149, 179, 203, 216 

See also Grain & Products and Wheat 
Finance, Insurance & Real Estate 

Employment: index 48, 134 

Loans: chartered banks 163, 164 

Payrolls: index 48 

Fisheries 

Exports: value 36, 88, 140, 222 

volume 51, 105, 155 

Food Products 

Earnings: hourly & weekly 219, 220 

Financial Statistics 79, 168, 187, 188 

Hours Worked 219 

Loans: chartered banks 163, 164 

Production: index 25,99,129 

Retail Price Index: Canada M .... 47, 118 

U.S.A 118 

Retail Trade: value 131 



IDEX 1951 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 



Tables 

Food Products — continued 

Wholesale Price Index: Canada 12. 29 

U.K 12, 29 

U.S.A 12, 29 . 

See also Fruits & Vegetables 
Foreign Exchange 

Capital Movement 67, 68 

Gold & U.S. Dollar Holdings 43, 97, 146, 212 

Rates: sterling in Canada 11, 44, 98, 114, 127, 

147, 165, 185, 213 

U.S. dollar in Canada 11, 44, 98, 114, 127, 

T47, 165, 185, 213 
Transactions in Convertible Exchange from Sterling Area . . . 67, 68 
Foreign Exchange Control Board 

Government of Canada Loan 63 ... . 



Charts 



29, 117 



Foreign Trade — See External Trade 

Forest Products 

Employment: index 
Exports: value . 
volume 
Financial Statistics 
Imports: value . 
Loans: chartered banks 
Payrolls: index . 
Production: by type & region: value 

volume 
See also Newsprint 



48, 134 

36, 88, 140, 222 

51, 105, 155 . 

79, 168, 187 

16, 70, 122, 206 

163, 164 

48 

151 

151 . 



Fruits & Vegetables 

Exports: value ' 35, 87, 139, 221 

Imports: value 15, 69, 121, 205 

volume 52, 106, 156 

Fuel & Lighting 

Retail Price Index: Canada M . . . 

U.S.A 

Retail Trade: value 131 

See also Coal, Natural Gas, and Petroleum 

Funded Debt — See Public Finance: Debt 



Furniture 

Loans: chartered banks 
Retail Price Index: Canada 

U.S.A. 
Retail Trade: value . 



163, 164 
M . 



Furs 



Exports: value . 
Imports: value . 



131 

36, 88, 140, 222 
15, 69, 121, 205 



44, 98, 114, 147, 213 



65 



152 



152 



118 
118 



118 
118 



G 

Gold 

Financial Statistics: mining companies 79, 168, 187, 195 

Non- Monetary: exports: value M, 36, 67, 68, 88, 

140, 222 

volume 51, 105, 155 

Official Holdings of Government of Canada: value 43, 97, 146, 212 

volume 11, 62, 116, 178 

Production: value 10 .... 9 

volume M, 10, 11,62, 116, 178 9 

Sources & Disposition 11, 62, 116. 178 



INDEX 1951 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Government Bonds 

Amount Outstanding: by currency of payment and issuing body . 8 

Holdings: Bank of Canada M 

Bank of Canada & Chartered Banks M 

Chartered Banks M .... 19 

General Public: resident & non-resident 5, 59, 127, 185 

total M 

New Issues 7, 61, 115, 177 

Prices: domestic: Canada 5, 6, 23, 24, 41, 42, 

59, 60, 77, 78, 95, 90 

U.K 6, 24, 42, 60, 78, 96 

U.S.A 6. 24, 42, 60, 78, 96 

Retirements 7, 61, 115, 177 

Yields: domestic: Canada M, 43, 97, 146, 212 M 

U.K M, 43, 97, 146, 212 M 

U.S.A M, 43, 97, 146, 212 M 

foreign: Canada 43,97,146,212 

See also Public Finance: Debt 

Government Finance — See Public Finance 

Grain & Products 

Exports: value 35, 87, 139, 221 

volume 51, 105, 155 

Financial Statistics 79, 168, 187 

Imports: value 15, 69, 121, 205 

Loans: chartered banks 163, 164 

See also Wheat 

Grains 

Acreage & Production: by province 31, 135 

by type 31, 135 . . 136 

See also Wheat 

Grocery & Combination Store Sales 131 

Gross National Expenditure 27 .... 28 

Gross National Product 27 .... 28 

H 

Health & Hospital Care — See Public Finance: Public Welfare 

Hides & Leather 

Financial Statistics 79, 168, 187 

Imports: value 15, 69, 121, 205 

Housing — See Construction and Public Finance: Housing Loans 

I 

Imports — See External Trade 

Income — See Corporate Profits, Farm Income, Interest & Dividends, 
Personal Income, and Salaries & Wages 

Industrial Development Bank 

Capital Stock held by Bank of Canada M 

Industrial Production Index 25, 99, 129 

Instalment Finance 

Credit Outstanding 150, 214 . . . 150, 214 

Loans: chartered banks 163, 164 

See also Automobiles (Passenger) 

Interest & Dividends 27,28,67,68,79,. 28,80 

167-172, 188-201 



DEX 1951 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Internal Trade 

Employment: index 48, 134 

Financial Statistics 79, 168, 187, 199, 200 

Loans: chartered banks 163, 164 . . . 160 

Payrolls: index 48 

See also Retail Trade and Wholesale Trade 
Inventories 

Agriculture: value 28, 85 

Business: value: Canada 27 

U.S.A 54, 108, 158 

Iron Ore 

Imports: value 15, 69, 121, 205 

volume 52, 106, 156 

Production: value & volume 10 

Iron & Steel 

Earnings: hourly & weekly 219, 220 

Exports: value .....' 35, 87, 139, 221 

Financial Statistics 79, 168, 187, 192 

Hours Worked 219 

Imports: value 15, 69, 121, 205 

volume 52, 106, 156 

Loans: chartered banks 163, 164 

Production: index 25, 99, 129 

See also Steel 

L 

Labour Force 

Employment & Unemployment: Canada: by region 82, 133 

total 82, 133 ... 134 

U.S.A 54, 108, 158 

Status of Population 82, 133 

See also Employment 
Labour Income 27 .... 28 

See also Salaries & Wages 
Lead 

Exports: value 35, 87, 139, 221 

volume 51, 105, 155 

Production: value & volume 10 

Leather — See Hides & Leather 

Liquid Assets (General Public Holdings) 

Currency, Bank Deposits and Government of Canada Securities M 55,91,109,123,141,207 

Related Factors M . . . . 56,92,110,124,142,208 

Resident & Non-Resident Holdings 5, 59,127, 185 

Livestock 

Cash Income 49, 148 ... 49 

See also Cattle & Meats 
Loans & Investments 

Bank of Canada & Chartered Banks M . 56,92,110,124,142,208 

See also Bank of Canada and Chartered Banks 

Private 27 .... 28 

See also Public Finance 
Logging — See Forest Products 

M 

Machinery 

Exports: value 35, 87, 139, 221 

Financial Statistics 79, 168, 187, 193, 194 

Imports: value 15, 69, 121, 205 



INDEX 1951 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Charts 



Tables 

Manufactures 

Earnings: average hourly & weekly 20,81,119,219,220 

Employment: index * 48, 134 . 

Hours Worked 26, 81, 119, 219 . 

Inventories: value: U.S.A 54, 108, 158 

Loans: chartered banks 163, 164 . . . 160 

Payrolls: index 48 

Production: index: durable & non-durable: Canada 25, 99, 129 

U.S.A 54, 108, 158 



26, 81, 119, 220 

202 

81, 220 



M 
M 



10 



Wholesale Price Index: Canada 

U.S.A 

See also individual commodities or groups and Business Activity 

M ETALS 

Production: value & volume 

See also individual metals and Non-Ferrous Metals 

Minerals 

Earnings: hourly & weekly 
Employment: index . 
Hours Worked 
Loans: chartered banks 
Payrolls: index . 
Production: index 

value & volume 
See also individual minerals and Metals and Non-Metallic Minerals 

Money— See Bank of Canada, Chartered Banks, and Note Circulation 

Money Supply — See Currency & Active Bank Deposits 

Motor Vehicles 

Exports: value 35, 87, 139, 221 



219, 220 . 


. 220 


48, 134 




219 


. 220 


163, 164 




48 




25, 99, 129 




10 . . . 


9 



volume 

Imports: value 

volume 

Retail Trade: value 

See also Automobiles (Passenger) 

Municipal Finance — -See Public Finance: Municipalities 

Mutual Aid 



51, 105, 155 
15, 69, 121, 205 

52, 106, 156 
131 



27,63 



N 

National Debt — See Public Finance 

National Income — See Corporate Profits, Farm Income, 

Gross National Product and Salaries & Wages 
Natural Gas 

Consumption 83 .... 83 

Financial Statistics 79, 168, 187 

Production: value & volume 10 

New Issues — See Bond Issues 
Newsprint 

Canada: exports: value 36, 88, 140, 222 

volume 51, 105, 155 . . 13, 152 

production: volume M, 13, 101, 215 . 13, 101, 152 

North America: supply, consumption & stocks 13, 101, 215 . . 101 

World Production & Distribution 13 

Nickel 

Exports: value 35, 87, 139, 221 

volume 51, 105, 155 

Production: value 10 .... 9 

volume M, 10 ... 9 



JDEX 1951 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Non-Ferrous Metals 

Exports: value 36, 88, 140, 222 

Financial Statistics 79, 168, 187, 196 

Imports: value 16, 70, 122, 206 

Non-Metallic Minerals 

Exports: value 36, 88, 140, 222 

Financial Statistics 79, 168, 187 

Imports: value 16, 70, 122, 206 

Production: value & volume 10 .... 9 

See also individual minerals 

Note Circulation 

Bank of Canada M 

Bank of Canada Active & Chartered Banks M 

o 

Old Age Pensions — See Public Finance: Public Welfare 



10 



Paper, Wood Pulp & Pulpwood 

Exports: value .... 

volume 

Financial Statistics .... 

Imports: value 

Production: value & volume: by region 

volume: total 
See also Newsprint 

Payrolls — See Salaries & Wages 

Personal Consumption Expenditure 

Canada 

U.S.A 



Personal Income 
Canada 
U.S.A. . 



Petroleum 

Consumption 
Financial Statistics 
Imports: value . 
volume 
Loans: chartered banks 
Production: value & volume 

Power — See Electric Power and Water Power 

Precious Metals 

Exports: value 

Production: value & volume 

See also Gold and Silver 

Prices — See individual commodities or groups or Cost of Living, 
Farm Products, and Wholesale Price Indexes 

Printing & Publishing 

Financial Statistics 



36, 88, 140, 222 
51, 105, 155 . 
79, 168, 187, 191 
16, 70, 122, 206 
151 
151 . 



27, 28 



28 



83 . . . 
79, 168, 187, 197 
16, 70, 122, 206 
52, 83, 106, 156 
163, 164 
10 . 



36, 88, 140, 222 
10 



152 



152 



28 

54, 108, 158 

28 

54, 108, 158 

83 

83 
9 



79, 168, 187 



Production — See individual commodities or groups or Business Activity, 
Electric Power, Manufactures, and Minerals 

Profits — See Corporate Profits 

Public Debt — See Public Finance 



11 INDEX 1951 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Public Finance 

Canadian National Railways — See Canadian National Railways 
Government of Canada 

Agriculture: expenditures 63 

Annuities (53, 64 

Balance at Bank of Canada M 

Bond Issues & Retirements 7, 61, 115. 177 

See also Debt (below) and Government Bonds 

Budget Deficit or Surplus 65 

Cash Balances 64 

Debt, Funded: direct & gtd: by currency of payment ... 8 

held by Bank of Canada & Chartered 

Banks M 

held by Chartered Banks ... 39, 57, 75, 93, 111, 125 

143, 161, 183, 209 
held by General Public: resident 

& non-resident . 5, 59, 127, 185 

total M 

direct (net) 64 

retirement 64 .... 65 

Defence Production 63 

Deposit Certificates — see Deposit Certificates 

Expenditures: by items & departments 63 

total 27, 63 ... 28, 65 

Family Allowance Payments 63 

Financial Requirements 63 

Housing Loans 63 

Interest 63, 64 

Loans & Investments 63 

National Defence 63 

Public Welfare 63 

Retirements — see Bond Issues & Retirements and Debt (above) 

Revenue: by items 64 

total 64 .... 65 

Securities Investment Account 64 .... 65 

Sinking Funds 8 

Succession Duties 64 

Taxation: collection: by items 64 

Transfer Payments 28, 63 . .28 

Transportation: expenditures 63 

Treasury Bills — see Treasury Bills 

Unemployment Insurance 63 

War & Demobilization Expenditure 63 

War Service Gratuities & Reestablishment Credits .... 63 
See also Mutual Aid 
Government of Canada & Provinces 

Debt, Funded: held by Bank of Canada M 

held by Chartered Banks M .... 19 

Deposits at Chartered Banks M 

Subsidies & Grants 63, 175 

Tax Agreements: transfers 63, 175 

Municipalities 

Debt Outstanding: by class of municipality and province . . . 217 

direct & guaranteed: by currency of payment 8 

Debt Service 218 

Education: expenditures 218 

Expenditures: by items . . . 218 

Loans: chartered banks 163, 164 

Public Welfare 218 

Revenue: by items 218 



■ dEX 1951 12 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Public Finance — continued 

Sinking Funds 8, 217 

Taxation: collection: by items 218 

Transportation: expenditures 218 

Provinces 

Agriculture: expenditures 176 

Bond Issues & Retirements 7, 61, 115, 177 

Debt Outstanding: direct & gtd: by currency of payment . 8 

held by Chartered Banks . . 39,57,75,93,111,125, 

143, 161, 183, 209 

direct & indirect: by provinces & total . . 173,174 

Debt Service 176 

Education: expenditures 176 

Expenditures: by items 176 

Loans: chartered banks 163, 164 

Public Welfare 176 

Retirements — see Bond Issues & Retirements (above) 

Revenue: by items 175 

Sinking Funds 8, 173 

Succession Duties 175 

Taxation: collection: by items . . 175 

Transportation: expenditures 176 

Provinces & Municipalities 

Subsidies 176 

Public Utilities 

Employment: index 48, 134 

Financial Statistics 79, 168, 187, 201 

Loans: chartered banks 163, 164 

Payrolls: index 48 

See also Electric Power 
Pulpwood — See Paper, Wood Pulp & Pulpwood 

R 

Railways (Steam) 

Car Loadings: volume M 

Earnings: rail line & other 32 

Employees: numbers 32 

Expenses 32 

Salaries & Wages 32 

Traffic: freight & passenger 32 

Raw Materials 

Wholesale Price Index: Canada M 

U.S.A M 

Relief 

Government of Canada 27, 63 

Municipalities 218 

Provinces 176 

Rent 

Index: Canada M .... 47, 118 

U.S.A 118 

Retail Price Indexes 

Canada M .... 47,118 

U.S.A 54, 108, 118, 158 

See also individual commodities or groups 
Retail Trade 

Consumer Credit Outstanding 150, 214 . . . 150, 214 

Financial Statistics 79, 168, 187, 200 

Inventories: value: U.S.A 54, 108, 158 

Merchandise value: by province 132 

by type 131 

See also Automobiles (Passenger) and Department Store Sales 



13 INDEX 1951 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Rubber 

Exports: value 36, 88, 140, 222 



Financial Statistics . 
Imports: value . 
volume 
Loans: chartered banks 



79, 168, 187 
15, 69, 121, 205 
52, 106, 156 
163, 164 



s 

Salaries & Wages 

Earnings: hourly & weekly: by industry 219,220 . . . 220 

manufacturing 26,81,119,219,220 26,81,119 220 

Payrolls: index: by industry 48 

total M, 48 

Savings (Personal) 28 .... 28 

Securities — See Bank of Canada, Bond Issues, Chartered Banks, 

Government Bond, Loans & Investments, and Public Finance 
Security Prices — See Government Bonds 
Services 

Earnings, hourly & weekly 219, 220 . . . 220 

Employment: index 48, 134 

Financial Statistics • .... 79, 168, 187, 199, 200 

Hours Worked 219 .... 220 

Payrolls: index 48 

Ships & Vessels 

Exports: value 36, 88, 140, 222 

Silver 

Exports: volume 51, 105, 155 

Production: value & volume 10 

Steel 

Production: volume M 

Stock Exchanges 

Market Value of Listings: Montreal & Toronto 45 

Quoted Value Index: by industrial group: Toronto 45 

Shares Traded: value: Montreal & Toronto 45 

T 

Taxation 

Collection: by items: Government of Canada 64 

Municipalities 218 

Provinces 175 

Direct: personal 28 .... 28 

Indirect: less subsidies 27 

See also Corporate Finance 
Telephones 

Financial Statistics 79, 168, 187 

Textiles 

Exports: value 35, 87, 139, 221 

Financial Statistics 79, 168, 187, 190 

Imports: value 16, 70, 122, 206 

volume 52, 106, 156 

Loans: chartered banks 163, 164 

Timber — See Forest Products 
Tobacco 

Financial Statistics 79, 168, 187 

Loans: chartered banks 163, 164 

Retail Trade: value 131 

Tourist Trade (International) 

Balance of Payments on Tourist Account 67, 68, 154 . . 154 

Expenditures: by Canadians in foreign countries 154 .... 154 

by foreigners in Canada 154 .... 154 



viEX 1951 



14 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 



rade — See External Trade, Internal Trade, Retail Trade, and 

Wholesale Trade 
ransportation & Communications 
Earnings: hourly & weekly 
Employment: index . 
Financial Statistics 
Hours Worked 
Loans: chartered banks 
Payrolls: index . 
Production: index 
See also Railways (Steam) 
reasury Bills 

Government of Canada: amount outstanding: Bank of Canada and 

Chartered Banks 
net total 
net new issues or retirements 
Provincial Governments: amount outstanding 
Tender Rate: Canada, U.K., U.S.A 

u 

Jnemployment— See Labour Force 

Jnemployment Insurance 



Tables 



219, 220 

48, 134 

79, 168, 187 

219 

163, 164 

48 

25, 99, 129 



7, 61, 115, 177 

64 

7, 61, 115, 177 

173, 174 

M 



63 



Charts 



V 

Vehicles & Parts — See Machinery and Motor Vehicles 

w 

Wages — See Salaries & Wages 
Water Power 

Consumption 83 .... 83 

Wheat 

Acreage & Production : by province 31, 135 

total 31, 135 ... 136 

Statistical Position: supplies & distribution 136, 153 . . . 153 

World Supplies: stocks & production: volume 14 .... 14 

Wheat & Flour 

Exports: value 35, 87, 139, 221 

volume ,51, 105, 136, 153, 155 153 

Wholesale Price Indexes 

Canada M 

U.K M 

U.S.A M . 29, 54, 108, 117, 158 

See also individual commodities or groups 
Wholesale Trade 

Financial Statistics 79, 168, 187, 199 

Inventories: value: U.S.A 54,108,158 

Wood Products — See Forest Products 

Wood Pulp — See Paper, Wood Pulp & Pulpwood 

Wool 

Imports: value 16, 70, 122, 206 

volume 52, 106, 156 



Zinc 



Exports: value . 
volume 
Production : value & volume 



36, 88, 140, 222 
51, 105, 155 
10 . . . 



■TATISTICAL SUMMARY 

BANK OF CANADA 



Tables 



Charts 



Pages 



I Bank of Canada: 

Liabilities and Assets 1-2 

Chartered Banks: Current Loans to the Public in Canada ... 1 

Total Currency and Active Bank Deposits and Inactive Notice Deposits 2 

II Chartered Banks: 

Liabilities and Assets 3-4 

III General Public Holdings of Certain Liquid Assets: 

Currency, Bank Deposits and Government of Canada Securities . . . 3-4 

Resident and Non-Resident Holdings: Approximate Divisions .... 5 

IV Security Prices: 

Government Securities Payable in Canada only 5 

Government Securities: Canada, U.K. and U.S.A 6 

Yields of Government Bonds, Canada, U.K. and U.S.A. ... 6 

V Bond Issues and Retirements 7-8 

VI Bonds Outstanding 8 

VII Business Activity 9 

Production of Certain Minerals 9 

VIII Mineral Production 10 

IX Canadian Gold Statistics 11 

X Foreign Exchange Rates 11 

XI Wholesale Prices 12 

XII Cost of Living 12 

XIII Newsprint: North America 13 

Newsprint: World Production and Distribution 13 

XIV Wheat : World Supplies 14 

Wheat : World Supplies 14 

XV Merchandise Imports: Commodity Classification 15-16 

XVI Merchandise Exports and Imports by Countries 17 

Merchandise Trade: Exports and Imports 18 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 



Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



JANUARY 1951 



Millions of Dollars 



JANUARY 1951 
I— BAf 













LIABILITIES 










Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other 
Deposits 


Foreign 
Currency 
Deposits 1 " 


Active 
B. of C. 

Note 
Circulation 


All 

Other 

Accounts 


Tots 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Liabili 
or 

Asset 


Average of 


















- 


Month-end Figures 




















1935—10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


290 


1937—12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


373 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


448 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,840 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1.89S 


1947 


152.8 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,919 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,973 


1949 


180.8 


567.7 


748.4 


98.4 


79.9 


57.4 


1,086.8 


38.7 


2,109 


1950 


192.3 


561.6 


753.9 


41.9 


206.2 


101.4 


1,100.9 


37.8 


2,242 


End of 




















1949— Sept. 


166.0 


611.5 


777.5 


141.0 


64.1 


65.6 


1,124.7 


44.2 


2,217 


Oct. 


192.8 


626.0 


818.8 


66.1 


77.4 


70.4 


1,100.7 


58.4 


2,191 


Nov. 


201.6 


544.7 


746.3 


27.2 


84.1 


71.6 


1,081.4 


45.1 


2,055 


Dec. 


211.8 


541.7 


753.5 


30.7 


126.9 


79.6 


1,095.6 


39.5 


2,125 


1950— Jan. 


200.2 


530.7 


730.9 


94.3 


145.8 


78.6 


1,059.0 


42.1 


2,150 


Feb. 


179.5 


554.8 


734.4 


24.3 


176.4 


82.2 


1,071.1 


21.9 


2,110 


Mar. 


150.5 


567.3 


717.8 


71.2 


150.7 


79.2 


1,108.0 


36.9 


2,163 


Apr. 


165.5 


551.6 


717.1 


41.3 


199.8 


91.5 


1,104.3 


27.8 


2,181 


May 


210.6 


534.3 


745.0 


68.9 


202.7 


78.8 


1,065.3 


31.1 


2,191 


June 


154.7 


544.5 


699.2 


35.3 


215.8 


89.6 


1,121.1 


40.5 


2,201 


July 


200.3 


552.7 


753.0 


19.6 


228.9 


94.6 


1,093.9 


34.4 


2,224 


Aug. 


220.2 


568.2 


788.3 


16.7 


233.1 


106.2 


1,083.6 


36.9 


2,265 


Sept. 


179.3 


555.8 


735.1 


22.0 


258.2 


89.6 


1,139.1 


38.6 


2,282 


Oct. 


211.8 


621.7 


833.5 


39.0 


235.2 


143.3 


1,110.0 


48.3 


2,409 


Nov. 


204.1 


578.8 


782.9 


45.3 


221.0 


149.7 


1,119.4 


56.3 


2,374 


Dec. 


231.3 


578.6 


809.9 


24.7 


207.1 


133.6 


1,136.1 


39.0 


2,350 



(1) Includes foreign exchange items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March 31, 1949. ~k May 1940 and sot 
gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to the Foreign Exchange Control Bo 



CHARTERED BANKS 



MILLIONS OF DOLLARS 

2700 



2500 



CURRENT LOANS TO THE PUBLIC IN CANADA 

MILLIONS OF DOLLARS 

2700 



2500 



2300 



2300 




2100 



DEC JAN FEB MAR APR MAY JUNE JULY AUG SEPT. OCT NOV DEC 



1NUARY 1951 


















2 


tUMADA 














Millions of Dollars 








ASSETS 








,]' 


Silver 


Foreign (1) 
Exchange 


Securities 


Advances 


All 

Other 

Accounts 




Govt, of Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 




Under 2 yrs. 


Over 2 yrs. 
























Average of 
Month-end Figures 


l 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935—10 Mths. 




2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937—12 Mths. 




- 


41.7 


142.8 


46.2 


- 


- 


189.1 


.2 


6.7 


1939 


it 




• 


• 


• 






• 










- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 




- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 




- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 




- 


.4 


1,133.3 


787.7 


25.0 


- 


1,946.0 


- 


26.7 


1948 




- 


53.1 


1,421.8 


571.9 


25.0 


4.3 


2,023.0 


- 


33.4 


1949 




- 


110.2 


1,503.3 


467.8 


25.0 


100.5 


2,096.6 


— 


35.4 


1950 

End of 


-1 


- 


60.1 


1,616.7 


421.2 


25.0 


5.5 


2,068.5 


- 


88.5 


Sept.— 1949 




- 


64.9 


1,710.6 


335.9 


25.0 


5.5 


2,077.0 


- 


49.7 


Oct. 




- 


66.2 


1,713.9 


221.5 


25.0 


5.5 


1,965.9 


- 


23.8 


Nov. 




- 


74.2 


1,781.4 


227.8 


25.0 


5.5 


2,039.7 


- 


12.0 


Dec. 




_ 


73.2 


1,769.1 


235.4 


25.0 


5.5 


2,035.0 


_ 


42.6 


Jan.— 1950 


-[ 


- 


76.8 


1,786.2 


191.1 


25.0 


5.5 


2,007.8 


- 


25.7 


Feb. 




- 


73.8 


1,655.9 


358.9 


25.0 


5.5 


2,045.4 


- 


44.6 


Mar. 




- 


86.2 


1,668.3 


371.0 


25.0 


5.5 


2,069.8 


- 


25.9 


Apr. 




- 


73.4 


1,685.7 


372.6 


25.0 


5.5 


2,088.8 


- 


29.5 


May 




- 


84.2 


1,436.7 


622.0 


25.0 


5.5 


2,089.2 


- 


28.2 


June 


.1 


- 


89.2 


1,431.0 


638.7 


25.0 


5.5 


2,100.2 


- 


35.1 


July 


.1 


- 


161.5 


1,420.4 


569.2 


25.0 


60.3 


2,074.9 


- 


28.5 


Aug. 




- 


212.3 


1,406.1 


444.6 


25.0 


170.0 


2,045.6 


- 


24.7 


Sept. 




- 


152.5 


1,381.4 


435.7 


25.0 


360.7 


2,202.9 


- 


54.0 


Oct. 




- 


127.4 


1,170.0 


662.0 


25.0 


328.1 


2,185.1 


- 


62.1 


Nov. 




— 


111.7 


1,229.3 


712.5 


25.0 


247.9 


2,214.7 


— 


24.0 


Dec. 



■ give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order, 
lit date the Bank's minimum gold reserve requirement has been suspended. 



Under these orders the Bank's 



TOTAL CURRENCY AND ACTIVE BANK DEPOSITS AND INACTIVE NOTICE DEPOSITS 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 



5000 



4500 



4000 



3500 



3000 



2500 




5000 



4500 



4000 



3500 



3000 



2500 



Millions of Dollars 



JANUARY 195M 
II— CHAR'I 

Bani 





LIABILITIES 






Notes 


Deposits 


Cash 
in (j) 
Canada 


Securities 






Demand 


Notice 


Govt, of 

Canada 

and Prov. 


Canadian 
Deposits 

(i) 


Foreign 


Total 
Deposits 

(2) 


Govt, of Canada 
and Provincial 


Foreign 
Govt. 


Otht 




Under 2 yrs. 


Over 2 yrs. 


Average of 


























Mth-end Figures 


























1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


68 


239 


1948 


17 


2,259 


3,972 


355 


6,644 


817 


7,567 


705 


891 


2,423 


259 


547 


1949 


15 


2,353 


4,334 


490 


7,267 


744 


8,106 


748 


1,012 


2,562 


237 


560 


1950 


- 


2,563 


4,548 


380 


7,597 


731 


8,449 


754 


925 


2,638 


226 


574 


End of 


























1949— Oct. 


14 


2,519 


4,453 


469 


7,541 


748 


8,395 


819 


997 


2,530 


247 


553 


Nov. 


14 


2,485 


4,447 


456 


7,487 


733 


8,322 


746 


1,060 


2,544 


248 


543 


Dec. 


14 


2,426 


4,433 


367 


7,348 


730 


8,177 


753 


1,016 


2,542 


242 


545 


1950— Jan. 


1(6) 


2,406 


4,494 


296 


7,287 


744 


8,125 


731 


1,023 


2,544 


251 


547 


Feb. 


- 


2,391 


4,537 


349 


7,350 


728 


8,191 


734 


1,049 


2,540 


252 


549 


Mar. 


- 


2,399 


4,572 


429 


7,490 


719 


8,307 


718 


995 


2,661 


229 


569 


Apr. 


- 


2,330 


4,560 


411 


7,382 


737 


8,226 


717 


956 


2,640 


235 


568 


May 


- 


2,453 


4,557 


407 


7,504 


758 


8,372 


745 


940 


2,655 


243 


570 


June 


- 


2,538 


4,538 


371 


7,552 


745 


8,409 


699 


734 


2,729 


238 


574 


July 


- 


2,493 


4,529 


265 


7,389 


742 


8,233 


753 


734 


2,702 


225 


580 


Aug. 


- 


2,618 


4,543 


412 


7,672 


728 


8,522 


788 


961 


2,713 


215 


588 


Sept. 


- 


2,709 


4,582 


306 


7,659 


709 


8,569 


735 


942 


2,669 


230 


595 


Oct. 


- 


2,822 


4,559 


358 


7,887 


706 


8,724 


834 


892 


2,685 


201 


571 


Nov. 


- 


2,824 


4,543 


452 


7,995 


716 


8,845 


783 


930 


2,567 


205 


579 


Dec. 


— 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


939 


2,555 


193 


599 



(1) Estimated month-end deposits payable in Canadian currency. (>2) Includes inter-bank deposits. (3) Until March 1935: Gold and Coin in Canada. Dt 

end Canadian deposits in 1926-35 and monthly average deposits in 1936 and after. (5) Bank of Canada notes in public circulation and chartered bank note circuit 
standing notes issued for circulation in Canada transferred to Bank of Canada during January 1950. 



Millions of Dollars 



III— GENERAL PUBLIC HOLDIN 
Currency, Bank Deposits ai 

Ban 





Currency and Active Bank Deposits 


Tot 
Curre 




Currency 
Outside Banks 


Active Bank Deposits 








Chartered Banks 






(7) 

Bank of 
Canada 




am 
Actl 
Ban 










(3) 




Other") 












Notes") 


Coin") 


Total 


Demand 


Active") 
Notice 


excl. 

Govt. 

of Canada 


Total 


Deduct^ 
Float 


Net 
Total 


"Other" 
Deposits 


Total 


Depo 


As at Dec. 31 


























1948 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


4,32 


1949 


1,110 


74 


1,184 


2,426 


682 


338 


3,446 


335 


3,111 


127 


3,238 


4,42 


1950 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,8! 


Month-end 


























1949— Oct. 


1,114 


73 


1,187 


2,519 


683 


325 


3,527 


414 


3,113 


77 


3,190 


4,3; 


Nov. 


1,095 


73 


1,168 


2,485 


683 


312 


3,480 


356 


3,124 


84 


3,208 


4,3; 


Dec. 


1,110 


74 


1,184 


2,426 


682 


338 


3,446 


335 


3,111 


127 


3,238 


4,42 


1950— Jan. 


1,059 


72 


1,131 


2,406 


692 


318 


3,416 


307 


3,109 


146 


3,255 


4,3j 


Feb. 


1,071 


72 


1,143 


2,391 


699 


330 


3,420 


326 


3,094 


176 


3,270 


4,41 


Mar. 


1,108 


73 


1,181 


2,399 


704 


372 


3,475 


361 


3,114 


151 


3,265 


4,44 


Apr. 


1,104 


74 


1,178 


2,330 


704 


351 


3,385 


280 


3,105 


200 


3,305 


4,4{ 


May 


1,065 


73 


1,138 


2,453 


702 


348 


3,503 


365 


3,138 


203 


3,341 


4,4; 


June 


1,121 


75 


1,196 


2,538 


699 


351 


3,588 


475 


3,113 


216 


3,329 


4,52 


July 


1,094 


75 


1,169 


2,493 


695 


318 


3,506 


355 


3,151 


229 


3,380 


4,54 


Aug. 


1,084 


75 


1,159 


2,618 


696 


323 


3,637 


351 


3,286 


233 


3,519 


4,6; 


Sept. 


1,139 


77 


1,216 


2,709 


699 


389 


3,797 


352 


3,445 


258 


3,703 


4,91 


Oct. 


1,110 


77 


1,187 


2,822 


695 


437 


3,954 


451 


3,503 


235 


3,738 


4,92 


Nov. 


1,119 


77 


1,196 


2,824 


694 


419 


3,937 


476 


3,461 


221 


3,682 


4,8' 


Dec. 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,8i 



•ff The term General Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings see Table III, page 5. 
+ Chartered banks' Newfoundland branch statistics are included as from 
1 April 1st, 1949. 

■fr-A-The whole of the increase or decrease in Canada's foreign exchange reserves 
is embodied in the related factors in this table; to the extent that such 
changes do not appear in the column "Bank of Canada Gold and Exchange 
Holdings (net)" they affect changes in "Government of Canada Direct 
and Guaranteed Funded Debt." 



(1) 



Note Circulation of Bank of Canada and, prior to 1950, of the chartered 
banks; excluding notes held by chartered banks. 



(2) 

(3) 
W 



(5) 
(6) 
(7) 



Subsidiary coin issued by the Mint less coin held by Bank of Canada and 

chartered banks in Canada. 

Chartered banks' public demand deposits in Canada. 

Chartered banks' public notice deposits in Canada other than estimated 

aggregate quarterly minimum balances in personal savings accounts and 

non-personal notice deposits. 

Chartered banks' Canadian dollar deposits of provincial governments, 

and of Canadian. United Kingdom, and foreign banks. 

Cheques on other banks as shown in chartered bank month-end returns 

to the Minister of Finance. 

Other Deposits with the Bank of Canada as shown in published month-end 

statements — i.e. excluding Government of Canada, chartered bank and 

foreign currency deposits. 



■NUARY 1951 

) ANKS 

id\ 



.SETS 



Call 



267 
117 
107 
81 
97 
111 

137 
119 
133 

100 

84 

83 

103 

105 

145 

94 

99 

101 

115 

164 

134 



Loans 



CANADA 



Current 
Public 



1,343 
1,032 
732 
1,923 
2,112 
2,330 

2,213 
2,250 
2,174 

2,164 
2,182 
2,218 
2,226 
2,234 
2,293 
2,287 
2,294 
2,352 
2,449 
2,611 
2,651 



Current 
Other 



112 
165 
117 

75 
105 
115 

124 

106 

97 

100 
117 
126 
123 
118 
115 
98 
98 
121 
116 
126 
125 



ABROAD 



Call 



301 
84 
68 
74 
83 
93 

77 
91 

70 

76 

75 

76 

98 

87 

90 

95 

95 

110 

117 

96 

100 



Current 



248 
172 
165 
234 
220 
222 

214 
212 
211 

210 
215 
209 
212 
214 
222 
223 
220 
233 
230 
234 
247 



Total 

Assets 



3,528 
2,869 
3,317 
8,140 
8,658 
9,015 

8,943 
8,873 
8,718 

8,664 
8,717 
8,839 
8,770 
8,912 
8,950 
8,796 
9,102 
9,162 
9,323 
9,450 
9,496 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




11 (3) 

Canada 


Deposits 


Canadian 


Note (s) 




(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


711 


6,547 


10.9 


1,053 


1948 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


772 


7,442 


10.4 


1,111 


Oct..— 1949 


752 


7,443 


10.1 


1,099 


Nov. 


729 


7,344 


9.9 


1,109 


Dec. 


750 


7,247 


10.3 


1,064 


Jan.— 1950 


722 


7,190 


10.0 


1,060 


Feb. 


723 


7,304 


9.9 


1,070 


Mar. 


748 


7,417 


10.1 


1,078 


Apr. 


742 


7,394 


10.0 


1,070 


May 


724 


7,419 


9.8 


1,071 


June 


755 


7,433 


10.1 


1,084 


July 


781 


7,369 


10.6 


1,082 


Aug. 


734 


7,557 


9.7 


1,096 


Sept. 


812 


7,786 


10.4 


1,107 


Oct. 


779 


7,881 


9.9 


1,111 


Nov. 


792 


7,847 


10.1 


1,131 


Dec. 



and "Free" Central Gold Reserve Deposits: after that date: Bank of Canada Notes and Deposits. (4) Figures given are averages of estimated month- 

• being, since September 1944, an approximate figure only. (6) Notes issued for circulation outside Canada only commencing in January: liability for out- 



:ERTAIN LIQUID ASSETS*t 

STMENT OF CANADA SECURITIES 



I 






















Millions of Dollars 


(8) 

►■e 
ed 


Govt, of 

Canada 

Securities 


Total 


Related Factors** 




Govt, of 

Held by B 


Canada Direct and Guaranteed Funded Debt< 9 > 


Bank" 3 ) 
Loans 


Bk.ofCan 


Deduct 




k. of Can. & Ch. Bks. 


Held by Other Investors 




3 




Deduct^ 






Deduct 




& Non. 
Govt. 
Invest- 
ments 


Exchange 


All 
Other 
(Net) 

(14) 




ts 


(9)(10)(12) 




Total 

cio) 


Govt, of 
Canada 


Net 
Total 


Total 


Securities 
held by all 


Net 
Total 


Holdings 

(Net) 












Deps. 






Govt.Accts 


































As at Dec. 31 


( 


10,249 


17,992 


4,972 


320 


4,652 


11,506 


1,257 


10,249 


3,341 


- 


250 


1948 




9,904 


18,077 


5,121 


181 


4,940 


10,700 


796 


9,904 


3,419 


- 


186 


1949 




10,063 


18,775 


5,021 


280 


4,741 


10,910 


847 


10,063 


3,950 


226 


205 


1950 
Month-end 


) 


9,888 


18,035 


5,145 


309 


4,836 


10,754 


866 


9,888 


3,480 


- 


169 


Oct.— 1949 


1 


9,954 


18,094 


5,092 


270 


4,822 


10,750 


796 


9,954 


3,490 


- 


172 


Nov. 


I 


9,904 


18,077 


5,121 


181 


4,940 


10,700 


796 


9,904 


3,419 


- 


186 


Dec. 


2 


9,888 


18,076 


5,149 


163 


4,986 


10,693 


805 


9,888 


3,359 


_ 


157 


Jan. — 1950 


3 


9,835 


18,086 


5,142 


116 


5,026 


10,623 


788 


9,835 


3,381 


- 


156 


Feb. 


9 


9,803 


18,118 


5,255 


217 


5,038 


10,593 


790 


9,803 


3,437 


- 


160 


Mar. 


7 


9,772 


18,112 


5,224 


182 


5,042 


10,551 


779 


9,772 


3,455 


- 


157 


Apr. 


5 


9,711 


18,045 


5,243 


215 


5,028 


10,495 


784 


9,711 


3,461 


- 


155 


May 


9 


9,869 


18,233 


5,116 


160 


4,956 


10,665 


796 


9,869 


3,559 


- 


151 


June 


4 


9,812 


18,195 


5,087 


68 


5,019 


10,624 


812 


9,812 


3,502 


- 


138 


July 


8 


9,833 


18,359 


5,248 


204 


5,044 


10,639 


806 


9,833 


3,521 


116 


155 


Aug. 


i 


10,013 


18,815 


5,039 


1 


5,038 


10,828t 


815 


10,013* 


3,618 


293 


147 


Sept. 


4 


10,062 


18,851 


4,990 


108 


4,882 


10,900 


838 


10,062 


3,681 


370 


144 


Oct. 





10,178 


18,906 


4,913 


253 


4,660 


11,040 


862 


10,178 


3,921 


306 


159 


Nov. 


1 


10,063 


18,775 


5,021 


280 


4,741 


10,910 


847 


10,063 


3,950 


226 


205 


Dec. 



IS, 



(9) 



(10) 



Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits in 
Canada. 

Direct and guaranteed securities (including refundable taxes). Direct 
debt includes both matured and unmatured issues outstanding, exclusive 
of sinking fund holdings; guaranteed debt is included on the basis of the 
total unmatured issues outstanding; Newfoundland debt assumed by 
the Government of Canada has been included since June 1949. Foreign 
pay securities have been valued at official mid-rates of exchange to 
September 30, 1950. and at market rates thereafter. 

Chartered banks' temporary advances to the general public in connection 
with the purchase of Victory Loan Bonds at time of issue, amounting to 
166, 261, 271, and 411 in the years 1942 to 1945 inclusive, have been 



(ID 
(12) 
(13) 



(14) 



included in bank holdings of Government securities and deducted from 

holdings of the general public. 

Canadian dollar deposits of the Government of Canada at chartered 

banks and Bank of Canada. 

Holdings of all investors other than Bank of Canada, chartered banks 

and Government of Canada accounts. 

All loans in Canada of the chartered banks other than temporary advances 

in connection with Victory Loan issues, plus chartered banks' holdings 

of provincial, municipal and "other" securities, and Bank of Canada 

holdings of Industrial Development Bank Capital stock. 

Net of all related asset and liability items not shown elsewhere in this table. 

Excludes $50 million (U.S. funds) borrowed in New York to redeem an 

issue falling due on October 1st. 



ANUARY 1951 



Millions of Dollars 



III— GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETSt 
Resident and Non-Resident Holdings : Approximate Division 

Bank of Canada 





Total Currency 

and Active 
Bank Deposits 


Inactive Chartered 

Bank Notice 

Deposits 


Government of 
Canada Securities 


Total 




Resi- 
dent 


Non- 
Resi- 
dent 


Total 


Resi- 
dent 


Non- 
Resi- 
dent 


Total 


Resi- 
dent 


Non- 
Resi- 
dent 


Total 


Resi- 
dent 


Non- 
Resi- 
dent 


Total 


As at December 31 


























1938 


1,047 


84 


1,131 


1,352 


120 


1,472 


1,817 


1,411 


3,228 


4,216 


1,615 


5,831 


1939 


1,216 


154 


1,370 


1,435 


109 


1,544 


1,881 


1,398 


3,279 


4,532 


1,661 


6,193 


1940 


1,484 


79 


1,563 


1,350 


88 


1,438 


2,394 


1,276 


3,670 


5,228 


1,443 


6,671 


1941 


1,829 


72 


1,901 


1,345 


88 


1,433 


3,053 


1,109 


4,162 


6,227 


1,269 


7,496 


1942 


2,266 


83 


2,349 


1,346 


90 


1,436 


4,349 


995 


5,344 


7,961 


1,168 


9,129 


1943 


2,632 


94 


2,726 


1,542 


112 


1,654 


6,181 


1,003 


7,184 


10,355 


1,209 


11,564 


1944 


3,039 


114 


3,153 


1,939 


121 


2,060 


8,096 


1,035 


9,131 


13,074 


1,270 


14,344 


1945 


3,373 


141 


3,514 


2,255 


136 


2,391 


10,166 


1,144 


11,310 


15,794 


1,421 


17,215 


1946 


3,768 


228 


3,996 


2,701 


155 


2,856 


10,084 


1,091 


11,175 


16,553 


1,474 


18,027 


1947 


3,742 


202 


3,944 


2,994 


149 


3,143 


9,710 


1,053 


10,763 


16,446 


1,404 


17,850 


1948 


4,131 


204 


4,335 


3,277 


131 


3,408 


9,091 


1,158 


10,249 


16,499 


1,493 


17,992 


1949 


4,181 


241 


4,422 


3,621 


130 


3,751 


8,672 


1,232 


9,904 


16,474 


1,603 


18,077 


1950* 


4,455 


396 


4,851 


3,708 


153 


3,861 


8,703 


1,360 


10,063 


16,866 


1,909 


18,775 


Month-end 


























1950— June 


4,188 


337 


4,525 


3,703 


136 


3,839 


8,663 


1,206 


9,869 


16,554 


1,679 


18,233 


Sept. 


4,456 


463 


4,919 


3,747 


136 


3,883 


8,617 


1,396 


10,013 


16,820 


1,995 


18,815 


Dec* 


4,455 


396 


4,851 


3,708 


153 


3,861 


8,703 


1,360 


10,063 


16,866 


1,909 


18,775 



t For footnotes see Table III. pages 3-4. * Preliminary. 



IV— SECURITY PRICES 

Bank of Canada 





Government of Canada Bonds Payable in Canada Only 






Based on Middle of the Market quotations 






Average of Business Days 


15th of Each Month 






Theoretical 


Theoretical 


Theoretical 


Theoretical 




3% Perpetuals 


15 Year 


9 Year 


5 Year 


2 Year 






Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 














1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.92 


1.39 


1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


1947 


104.00 


2.73 


2.57 


2.25 


1.75 


1.43 


1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 


1949 


100.88 


2.93 


2.83 


2.64 


2.24 


1.66 


1950 


101.70 


2.87 


2.78 


' 2.67 


2.22 


1.81 


Monthly 














1949— Sept. 


101.16 


2.91 


2.78 


2.65 


2.24 


1.63 


Oct. 


102.40 


2.82 


2.71 


2.59 


2.17 


1.63 


Nov. 


103.00 


2.78 


2.69 


2.56 


2.13 


1.65 


Dec. 


102.40 


2.82 


2.75 


2.63 


2.17 


1.65 


1950— Jan. 


101.89 


2.86 


2.75 


2.62 


2.18 


1.73 


Feb. 


101.58 


2.88 


2.73 


2.60 


2.16 


1.73 


Mar. 


101.78 


2.86 


2.73 


2.60 


2.16 


1.72 


Apr. 


101.78 


2.86 


2.77 


2.63 


2.18 


1.73 


Mav 


102.14 


2.84 


2.75 


2.61 


2.17 


1.74 


June 


102.29 


2.82 


2.73 


2.59 


2.10 


1.74 


July 


101.86 


2.86 


2.77 


2.67 


2.14 


1.77 


Aug. 


102.05 


2.84 


2.75 


2.64 


2.15 


1.74 


Sept. 


102.41 


2.81 


2.71 


2.62 


2.17 


1.76 


Oct. 


101.82 


2.86 


2.75 


2.68 


2.22 


1.83 


Nov. 


100.95 


2.93 


2.88 


2.84 


2.42 


2.02 


Dec. 


99.89 


3.00 


2.99 


2.97 


2.55 


2.17 


1951— Jan. 


99.44 


3.02 


3.02 


3.00 


2.63 


2.26 






FNUAUY 1951 


















6 








IV— SECURITY PRICES 












Bank of Canada 








Government Bonds 


3 Month Treasury Bills 


Average of Business Days 


Tender Rate Nearest 15th of Month 


Canada (1) 


U. K.< 2 > 


U.S.A.<»> 




















Canada 


U.K. 


USA 


Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 




















1946 


104.56 


1.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


1947 


104.84 


1.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.591 


1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


.411 


.509 


1.037 


1949 


101.54 


2.85 


100.00 


2.93 


103.21 


2.24 


.485 


.511 


1.096 


1950 


102.23 


2.77 


97.38 


3.19 


103.00 


2.24 


.552 


.516 


1.115 


Monthly 




















1949— June 


100.88 


2.91 


101.92 


2.78 


102.27 


2.31 


.506 


.514 


1.158 


July 


101.12 


2.89 


99.40 


3.04 


103.77 


2.19 


.511 


.513 


.913 


Aug. 


101.71 


2.83 


95.68 


3.30 


104.09 


2.17 


.512 


.515 


1.007 


Sept. 


101.96 


2.81 


96.72 


3.23 


104.45 


2.14 


.510 


.514 


1.058 


Oct. 


103.04 


2.70 


96.18 


3.27 


104.51 


2.13 


.512 


.514 


1.050 


Nov. 


103.08 


2.69 


95.11 


3.34 


104.76 


2.11 


.512 


.513 


1.056 


Dec. 


102.65 


2.73 


97.17 


3.20 


104.88 


2.10 


.512 


.519 


1.115 


1950— Jan. 


102.65 


2.73 


95.84 


3.29 


104.80 


2.10 


.511 


.514 


1.101 


Feb. 


102.71 


2.72 


96.47 


3.25 


104.25 


2.14 


.513 


.514 


1.131 


Mar. 


102.70 


2.72 


95.68 


3.31 


103.76 


2.18 


.511 


.515 


1.131 


Apr. 


102.39 


2.75 


96.72 


3.23 


103.37 


2.21 


.513 


.511 


1.160 


May 


102.68 


2.72 


97.01 


3.21 


103.15 


2.23 


.514 


.513 


1.165 


June 


102.55 


2.73 


98.08 


3.14 


102.91 


2.25 


.511 


.514 


1.177 


July 


102.20 


2.77 


96.72 


3.23 


102.73 


2.26 


.512 


.511 


1.168 


Aug. 


102.41 


2.75 


97.10 


3.21 


102.69 


2.26 


.546 


.513 


1.173 


Sept. 


102.88 


2.70 


98.11 


3.14 


102.41 


2.29 


.615 


.514 


1.311 


Oct. 


102.16 


2.77 


99.29 


3.05 


102.16 


2.31 


.623 


.514 


1.337 


Nov. 


101.21 


2.87 


99.26 


3.05 


101.98 


2.32 


.624 


.513 


1.380 


Dec. 


100.24 


2.97 


98.30 


3.12 


101.73 


1.35 


.626 


.519 


1.351 


1951— Jan. 


99.94 


3.01 


98.34 


3.12 


101.96 


2.32 


.626 


.511 


1.391 



) Government of Canada 3% due Sept. 1, 1961-66. (2) United Kingdom 3% due Apr. 15. 1959-69. 

1963-68 is not eligible for commercial banks before Dec. 1, 1952. 



(3) U.S. Treasury 2V 2 % due Dec. 15, 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS : CANADA, U.K. AND U.S.A. 

Daily Opening Quotations 
2 0%"~~ I I I ~T T 2 0% 



2 2% 



22% 




FEB MAR . 



APR, MAY JUNE JULY AUG SEPT OCT NOV DEC JAN TED 

1950 1951 

* Security is not eligible for commercial banks before Dec. 1, 1952. 



JANUARY 1951 



V— BOND ISSUES AND RETIREMENTS"' 

Par Values in Millions of Canadian Dollars* Bank °f Canada 





I-Govt. of Canada Direct 
& Guaranteed and Other C.N.R.t 




II-Provincial Direct and Guaranteed 








Net New 
Issues or 


New Issues 


Retirements 


Net New 








Retirements 




New 


Refunding 


Refunded 


Other 


Retirements 


Calendar Years 


















1941 


934.5 


397.6 


536.9 




30.4 


51.5 


66.5 


34.0 


18.6 


1942 


2,072.7 


534.4 


1,538.3 




13.8 


129.6 


133.0 


45.2 


34.9 


1943 


3,047.8 


590.2 


2,457.6 




47.3 


101.1 


106.3 


60.5 


18.4 


1944 


3,122.1 


497.5 


2,624.5 




12.4 


89.0 


86.6 


81.6 


66.7 


1945 


3,636.5 


132.7 


3,503.9 




40.8 


137.3 


137.4 


69.3 


28.6 


1946 


913.5 


866.1 


47.4 




59.6 


73.4 


68.7 


82.5 


18.2 


1947 


371.4 


641.5 


270.1 




150.1 <2,,3> 


125.2 


125.2 


85.1 


eS.O' 2 '"' 


1948 


1,424.8 


1 ,634.8 


210.0 




240.2 


103.8 


84.7 


81.2 


178.1 


1949 


820.7 


1,236.7 


416.1 




406.7 


53.9 


73.4 


63.9 


323.3 


1950 


2,191.7 


2,282.6 


90.9 




256.8 


138.8 


131.8 


111.2 


152.6 


Last Half 




















1947 


283.4 


178.7 


104.6 




46.0 (3) 


53.1 


73.8 


50.5 


25.3 (i) 


1948 


914.6 


932.9 


18.3 




164.7 


51.7 


64.5 


44.5 


107.4 


1949 


768.5 


1,085.7 


317.2 




268.4 


43.0 


41.3 


26.3 


243.7 


1950 


1,040.3 


1,029.7 


10.6 




72.1 


32.9 


11.3 


37.3 


56.4 


Last Quarter 




















1947 


273.0 


145.9 


127.1 




38.4 13 ' 


50.8 


33.2 


24.1 


31.9"> 


1948 


761.5 


749.1 


12.4 




112.2 


47.2 


35.9 


32.4 


91.2 


1949 


594.8 


1,039.9 


445.1 




142.1 


- 


29.8 


10.4 


101.9 


1950 


972.6 


932.5 


40.1 




20.8 


10.2 


10.2 


26.8 


5.9 





III-CORPORATIONS 




New Issues 


Retirements 


Net New 

Issues or 

Retirements 




New 


Refunding 


Refunded 


Other 


Calendar Years 

1941 


17.5 


3.8 


3.8 


81.4 


63.9 


1942 


7.9 


39.1 


41.8 


80.2 


75.0 


1943 


22.7 


38.9 


38.9 


84.3 


61.7 


1944 


51.1 


95.5 


95.5 


89.4 


38.3 


1945 


79.7 


107.3 


110.2 


76.4 


.3 


1946 


125.4 


460.8 


460.4 


126.6 


.8 


1947 


266.8 


203.5 


197.7 


152.2 


120.3 


1948 


273.9 


20.6 


26.3 


69.1 


199.0 


1949 


253.2 


41.8 


41.8 


80.2 


173.0 


1950 


412.9 


46.4 


46.4 


83.9 


328.9 


Last Half 

1947 


165.3 


24.3 


23.0 


92.4 


74.2 


1948 


127.5 


7.1 


10.1 


35.0 


89.5 


1949 


129.7 


31.1 


31.1 


43.2 


86.5 


1950 


187.6 


29.4 


28.7 


44.3 


144.0 


Last Quarter 

1947 


125.5 


15.4 


6.3 


14.6 


120.1 


1948 


71.1 


5.5 


3.5 


13.5 


59.6 


1949 


66.3 


31.1 


31.1 


17.6 


48.7 


1950 


144.2 


10.9 


12.7 


28.5 


113.9 



I+II+III 



Net New 

Issues or 

Retirements 



454.4 
1,428.4 
2,377.6 
2,519.5 
3,475.6 

28.5 
84.8 

167.2 
80.3 

390.6 

153.5 

178.6 

13.0 

210.9 

279.1 
163.2 

294.6 
148.1 



IV-Govt. of Canada Treasury Bills, 


Deposit Certificates and Short. 


Term Notes Sold Directly to Bank 


of Canada and Chartered Banks 


Net New 


Total 


Issues or 


Outstanding 


Retirements 


at End of Period 


290 


1,075 


633 


1,708 


535 


2,243 


248 


2,491 


695 


1,796 


250 


1,546 


346 


1,200 


100 


1,300 


100 


1,200 


300 


1,500 


280 


1,200 


- 


1,300 


100 


1,200 


200 


1,500 


120 


1,200 


- 


1 ,300 


- 


1,200 


— 


1 ,500 



* Issues payable in Foreign Currency are included at the par of exchange up to Sept. 15, 1939, but thereafter conversion is made on the basis of the official rates 
of the Foreign Exchange Control Board. Since Sept. 1950, the market noon rates are used, t Does not include refundable tax changes which were (in millions 
of dollars) 70, 155, 219, 70. 27, 85. 287 and 56 from 1943 to 1950 respectively. (1) Subject to revision. War Savings Certificates are included. Provincial 

Treasury Bills are excluded. Govt, of Canada Treasury Bills. Deposit Certificates and short-term notes sold directly to Bank of Canada and the chartered banks 
are not included in Heading I but are shown separately in Heading IV. Because of lack of sufficient data no tabulation of retirements by municipalities and 
religious institutions was possible. However, the net reduction of total municipal bonded debt has been (in millions of dollars) approximately 46. 61, 53, 27. 43 
and 5 in the years 1941 to 1946 respectively. Before the transfer to the Quebec Municipal Commission of certain school debt, the estimated net increases from 
1947 to 1950 were 31. 78, 105 and 129. (2) Before giving effect to the issue of $112.2 million of Quebec Hydro debentures in connection with retirement of 

Montreal Light Heat & Power stock. (3) Before giving effect to the issue of $63.2 million of Quebec Municipal Commission bonds re transfer of the debt of 
certain school corporations. Footnotes to table on opposite page. BONDS OUTSTANDING 

* Bonds payable in Foreign Currency are converted into Canadian dollars at the market closing rate at the end of December, 1950,- $1,059 for bonds payable 
only or optionally in New York and S2.966 for bonds payable in London (1) Provincial Treasury Bills are excluded. (2) Figures for the gross amount of bonds 
outstanding are compiled from latest official sources adjusted to 31 December 1950 by subsequent known issues and redemptions; when full details regarding 
these become available minor revisions may be necessary. (3) Including issues payable in Canada or London. (4) Figures for guaranteed issues are approximate 
in some cases for which full particulars are not available. (5) Comprises unmatured funded debt. Redemption bonuses on the First War Loan and the Second 
and Third Victory Loans, Treasury Bills, Deposit Certificates, War Savings Certificates, and Non-Interest Bearing Certificates are included; the estimated amount 
of the refundable portion of excess profits tax is also included. 



iNUARY 1951 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT"' 

JOVT. OF CANADA 

ir Values in Millions of Canadian Dollars 



GOVT. OF CANADA AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 
-* AND CORPORATION BONDS 























Net Increase or 




New 


Retire\ 


were payable in: 


Net Decrease 






















In Bon ds C 
ing Paj 


lutstand- 
























able: 




Canada 
only 


New York 
only 


Canada & 
New York 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


New York 
& London 


London 


Total 


In Canada 
only 


Abroad 


alendar Years 




























1941 


1,023.3 


14.0 


- 


.4 


1,037.7 


326.7 


29.8 


18.0 


21.4 


187.4 


583.3 


696.5 


242.1 


1942 


2,231.9 


30.1 


.6 


.4 


2,263.1 


406.7 


12.6 


49.3 


97.6 


268.6 


834.7 


1,825.2 


396.9 


1943 


3,113.9 


143.3 


.2 


.4 


3,257.8 


526.8 


260.6 


52.3 


21.8 


18.7 


880.2 


2,587.1 


209.5 


1944 


3,269.9 


83.8 


15.1 


1.3 


3,370.2 


635.4 


27.6 


63.5 


100.6 


23.6 


850.7 


2,634.5 


115.1 


1945 


3,874.2 


49.0 


77.9 


.4 


4,001.5 


283.4 


73.4 


52.0 


101.0 


16.1 


526.0 


3,590.8 


115.2 


1946 


1,456.5 


171.4 


4.S 


.1 


1,632.8 


1,104.0 


317.5 


109.5 


58.1 


15.2 


1,604.3 


352.5 


324.0 


1947 


1,106.0 


5.5 


5.0 


.4 


1,116.9 


938.5 


66.5 


61.0 


104.8 


30.9 


1,201.7 


167.6 


252.3 


1948 


1,773.0 


290.0 


- 


.3 


2,063.3 


1,705.0 


161.2 


19.0 


5.3 


5.6 


1,896.1 


68.1 


99.1 


1949 


1,476.2 


100.0 


- 


- 


1,576.2 


1 ,377.5 


8.9 


10.9 


90.6 


8.1 


1,495.9 


98.6 


18.4 


1950 


2,829.6 


216.9 


- 


- 


3,046.5 


2,394.8 


126.0 


78.9 


45.5 


10.6 


2,655.9 


434.8 


44.2 


Last Half 

1947 


571.9 


_ 


_ 


.2 


572.1 


342.7 


22.2 


23.0 


14.8 


16.0 


418.5 


229.2 


75.7 


1948 


1,115.5 


150.0 


- 


.1 


1,265.6 


923.5 


151.3 


7.0 


1.8 


3.4 


1,087.0 


191.9 


13.3 


1949 


1,140.5 


100.0 


- 


- 


1,240.5 


1,126.8 


4.2 


6.1 


86.4 


4.0 


1,227.5 


13.7 


.7 


1950 


1,283.3 


79.1 


- 


- 


1,362.4 


1,023.4 


121.1 


4.0 


1.7 


1.2 


1,151.5 


259.8 


48.9 


Last Quarter 

1947 


503.0 


_ 


_ 


.1 


503.1 


209.2 


7.5 


3.8 


1.6 


2.0 


224.0 


293.8 


14.7 


1948 


997.5 


- 


- 


.1 


997.5 


822.6 


2.6 


5.1 


1.6 


2.4 


834.3 


174.9 


11.6 


1949 


834.3 


- 


- 


- 


834.3 


1,037.9 


2.9 


1.1 


86.3 


.7 


1,128.9 


203.6 


91.0 


1950 


1,158.7 


— 


— 


— 


1,158.7 


894.7 


113.0 


.9 


1.6 


.4 


1,010.6 


264.0 


115.9 



or footnotes see opposite page. 



VI— BONDS OUTSTANDING 

GOVT. OF CANADA, C.N.R., PROVINCIAL, MUNICIPAL AND CORPORATION BONDS (1) 
GROSS AMOUNT OUTSTANDING AS AT 31st DECEMBER, 1950(2) 



'ar Values in Millions of Canadian Dollars* 



Govt, of Canada — Direct 

— Gtd. other than C.N.R. 
C.N.R. —Gtd. by Govt, of Can. 

— Unguaranteed 

Newfoundland —Direct 

—Gtd 

P.E.I. —Direct 

Nova Scotia — Direct 

—Gtd 

New Brunswick — Direct 

—Gtd 

Quebec —Direct 

—Gtd 

Ontario —Direct 

—Gtd 

Manitoba —Direct 

—Gtd 

Saskatchewan — Direct 

—Gtd 

Alberta —Direct 

British Columbia — Direct 

—Gtd 

Municipal —Direct & Gtd 
Corporation 



Total 



Payable in: 



Canada 
only 



14,895.4 

.7 

285.2 

67.1 

5.0 

16.4 

133.4 

.9 

129.2 

3.2 

352.5 

255.2 

502.2 

482.6 

68.4 

1.0 

101.5 

.3 

1.8 

138.2 

17.4 

1,034.0 

1,908.6 



20,400.2 



New York 
only 



368.7 

7.1 



15.9 

5.3 

6.4 

64.3 
1.1 

94.1 

344.1 



907.0 



Canada or 
New York 



67.9 
.5 



24.6 

30.4 

45.5 
1.6 

15.8 

4.7 

27.0 

27.0 

27.6 
39.9 

71.0 
5.7 



389.2 



Canada, 
New York 
or London 



10.0 

210.1 

19.9 



15.9 

172.9 
8.5 
3.7 

2.6 



4.2 

27.0 

8.4 



483.2 



U) 

London 



56.8 

7.8 

3.4 

.9 

4.3 



4.4 
3.5 



4.6 



4.4 

1.5 

31.0 

215.2 



338.6 



Total 



(S) 

15,320.9 

10.7 

571.0 

98.0 

5.9 

4.3 

16.4 

158.0 

.9 

164.0 

3.2 

433.3 

256.8 

690.9 

501.1 

99.9 

1.0 

142.1 

.3 

93.7 

187.8 

18.9 

1,257.1 

2,482.0 



22,518.2 



Contra Sinking Fund 
Investments, (4> 


book value as at latest 
available date 


8.0 


Mar. 


31, 1950 


.8 


June 


30, 1949 


1.8 


Mar. 


31, 1949 


18.4 


Nov. 


30, 1949 


29.2 


Oct. 


31, 1950 


.3 


Oct. 


31, 1949 


91.6 


Mar. 


31, 1950 


.2 


Mar. 


31, 1950 


69.2 


Mar. 


31, 1950 


2.5 


Mar. 


31, 1950 


24.1 


Mar. 


31, 1949 


19.8 


Nov. 


30, 1950 


.3 


Mar. 


31, 1949 


24.5 


Mar. 


31, 1949 


2.6 


Mar. 


31, 1949 


145.1 


Various 


- 











For footnotes see opposite page. 



JANUARY 1951 



VII— BUSINESS ACTIVITY 











Dominion 


Bureau of Statistics 












Production 


Res- 
idential 

Con- 
struction 


Car 

Loadings 


Value 

of 

Department 


Employ- 
ment 
Index 

(3) 


Aggregate 
Payrolls 










News- 


Central 


Index 

(3) 




Goldf 


Nickel 


Steel 


print 

(i) 


Electric 
Stations <2) 


Contracts 

Awarded 




Store Sales 


Unadjusted 
June 1, 


Unadjusted 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 




Millions 


June 1, 




Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Mrs. 


of Dollars 


Thousands 


of Dollars 


1041 =100 


1041 = 100 


AnnualTotals«> 






















1932 


3,044 


15 


380 


2,186 


12,296 


29 


2,180 


254 


57.2 


— 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


289 


74.6 


— 


1946 


2,833 


96 


2,335 


4,506 


31,063 


213 


3,690 


614 


113.5 


142.4 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


123.0 


172.6 


1948 


3,530 


132 


3,202 


4,983 


40,607 


373 


4,060 


805 


128.2 


199.5 


1949 


4,124 


129 


3,187 


5,176 


42,103 


Kit 


3,907 


856 


128.5 


214.5 


1950 


4,439* 


124* 


3,384 


5,279 


45,978 


542 


3,906 


873 


130.3 


227.4 


Monthly 






















1949— Aug. 


359.9 


10.0 


248.7 


446.8 


3,534 


55.9 


351 


57.2 


131.3 


218.9 


Sept. 


364.7 


9.6 


240.7 


415.2 


3,496 


50.8 


363 


76.2 


132.4 


222.0 


Oct. 


366.9 


10.8 


258.9 


435.7 


3,628 


44.7 


370 


82.9 


132.4 


223.8 


Nov. 


362.8 


9.8 


259.7 


436.8 


3,629 


31.3 


352 


93.0 


132.3 


224.8 


Dec. 


373.2 


10.8 


263.9 


414.9 


3,747 


28.5 


301 


114.2 


132.2 


224.7 


1950— Jan. 


354.3 


10.2 


289.9 


417.0 


3,774 


24.0 


271 


49.7 


127.0 


208.9 


Feb. 


349.9 


9.6 


258.1 


399.2 


3,425 


20.3 


282 


50.2 


122.6 


209.2 


Mar. 


383.3 


9.3 


294.3 


451.6 


3,792 


30.2 


330 


67.3 


122.2 


212.1 


Apr. 


369.7 


11.2 


279.3 


422.8 


3,648 


43.0 


292 


67.4 


123.1 


214.2 


May 


373.8 


11.0 


290.9 


459.9 


3,795 


54.2 


338 


73.7 


123.6 


215.7 


June 


368.9 


10.8 


276.4 


441.0 


3,698 


63.7 


354 


69.3 


128.6 


222.5 


July 


368.4 


9.3 


264.2 


439.3 


3,707 


74.2 


332 


55.3 


132.5 


232.1 


Aug. 


376.5 


7.7 


281.3 


466.4 


3,841 


48.5 


275 


60.8 


133.9 


235.2 


Sept. 


364.9 


11.7 


274.9 


437.6 


3,843 


56.3 


363 


78.3 


135.1 


232.0 


Oct. 


376.8 


10.3 


293.9 


456.4 


4,092 


54.8 


385 


83.8 


137.5 


245.3 


Nov. 


378.8 


11.9 


289.5 


456.7 


4,132 


44.0 


369 


98.2 


138.2 


249.0 


Dec. 






291.2 


430.6 


4,229 


28.5 


314 


118.9 


139.2 


252.4 



(1) Source; Newsprint Association of Canada. Includes Newfoundland. (2) Total output less exports and secondary power. (3) 8 Leading industries. 

First of month figures. (4) Average of months in case of Employment and Payrolls Indexes. *12-Months ending Nov. 1950. 1 1949 figures revised. 




PRODUCTION OF CERTAIN MINERALS 

000 FINE OUNCES J MM LBS MM $ MM 



4500 150 



3000 100 



1500 50 




600 150 



400 100 



200 50 



1945 46 47 48 49 50 




1945 46 47 48 49 50 



1945 46 47 48 49 50 



&MM 

150 



100 



50- 



COAL 



TONS MM % 

"130 150 




ill 






20 



10 



1945 46 47 48 49 50 




LBS MM t MM 

900 150 



600 100 



300 50 




945 46 47 48 49 50 



1945 46 47 48 49 50 



JMUARY 1951 



10 













VIII- 


MINERAL PRODUCTION 


: 1940- 


50 




















Dominion Bureau 


of Statistics 














METALLIC MINERALS 








Gold 


Silver 


Other' 1 ' 
Precious Metals 


Nickel 


Copper 


Zinc 


fine oz. 

000 


$ mm. 


fine oz. 
000 


$ mm. 


fine oz. 
000 


$ mm. 


lbs. mm. 


$ mm. 


lbs. mm. 


$ mm. 


lbs. mm. 


$ mm. 


i 1940 


5,311 204.5 


23,834 




9.1 


200 


7.8 


246 


59.8 


656 


65.8 


424 


14.5 


1941 


5,345 


205.8 


21,754 




S.3 


222 


8.1 


282 


68.7 


643 


64.4 


512 


17.5 


1942 


4,841 


186.4 


20,695 




S.7 


481 


19.2 


285 


70.0 


604 


60.4 


580 


19.8 


1943 


3,651 


140.0 


17,345 




7.8 


346 


13.7 


288 


71.7 


575 


67.2 


611 


24.4 


11944 


2,923 


112.5 


13,627 




5.9 


200 


8.0 


275 


69.2 


547 


65.3 


551 


23.7 


1945 


2,697 


103.8 


12,943 




B.l 


667 


26.7 


245 


62.0 


475 


59.3 


517 


33.3 


1946 


2,833 


104.1 


12,544 


10.5 


239 


12.8 


192 


45.4 


368 


46.6 


471 


36.8 


1947 


3,070 


107.5 


12,504 




9.0 


205 


10.0 


237 


70.7 


452 


91.5 


416 


46.7 


1948 


3,530 


123.5 


16,110 


12.1 


270 


16.9 


263 


86.9 


482 


107.2 


468 


65.2 


1949 


4,124 


148.4 


17,641 


13.1 


337 


19.9 


257 


99.2 


527 


104.7 


577 


76.4 


1950f 


4,431 


168.5 


22,416 


18.1 


274 


23.6 


246 


113.6 


524 


122.6 


622 


97.4 






Lead 


Mercury 


Iron 


Ore 


Magnesium 


All Other 
Metallics 


Total 
Metallics 


























lbs. mm. 


$ mrr 


. 


lbs. 000 


$ mm. 


tons 000 


$ mm. 


lbs. 000 


$ mm. 


$ 


mm. 


$ mm. 


1940 


472 


15.9 




154 




.4 


415 


1.2 


_ 


_ 


3.4 


382.4 


1941 


460 


15.5 




536 


1.3 


516 


1.4 


11 


- 


4.3 


395.2 


1942 


512 


17.2 




1,036 


2.9 


545 


1.5 


809 


.4 


5.0 


391.5 


1943 


444 


16.7 




1,690 


4.6 


641 


2.0 


7,154 


2.1 


5.8 


356.6 


1944 


305 


13.7 




736 


1.2 


553 


1.9 


10,580 


2.6 


4.1 


308.1 


1945 


347 


17.3 




- 






1,135 


3.6 


7,359 


1.6 


3.3 


317.0 


1946 


354 


23.9 




- 






1,550 


6.8 


321 


.1 


3.4 


290.4 


1947 


323 


44.2 




- 




- 


1,919 


9.3 


* 


* 


6.2 


395.1 


1948 


335 


60.3 




- 




- 


1,337 


7.5 


* 


* 


8.6 


488.2 


1949 


320 


50.5 




- 






3,675 


21.2 


* 


* 


5.6 


539.0 


1950t 


340 


49.1 




" 






3,617 


21.1 


3,540 


.8 


6.1 


620.9 



NON-METALLIC MINERALS 





Coal 


Petroleum 


Natural Gas 


Asbestos 


Salt 


Sulphur 


tons 000 


$ mm. 


bbl. 000 


$ mm. 


cu. ft. 
billions 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


1940 


17,567 


54.7 


8,591 


11.2 


41 


13.0 


347 


15.6 


465 


2.8 


171 


1.3 


1941 


18,226 


58.1 


10,134 


14.4 


43 


12.7 


478 


21.5 


561 


3.2 


260 


1.7 


1942 


18,865 


62.9 


10,365 


16.0 


46 


13.3 


439 


22.7 


654 


3.8 


304 


2.0 


1943 


17,859 


62.9 


10,052 


16.5 


44 


13.2 


476 


23.2 


688 


4.4 


258 


1.8 


1944 


17,026 


70.4 


10,099 


15.4 


45 


11.4 


419 


20.6 


695 


4.1 


248 


1.8 


1945 


16,507 


67.6 


8,483 


13.6 


48 


12.3 


467 


22.8 


673 


4.1 


250 


1.9 


1946 


17,806 


75.4 


7,586 


15.0 


48 


12.2 


558 


25.2 


538 


3.6 


235 


1.8 


1947 


15,869 


77.5 


7,692 


19.6 


53 


13.4 


662 


33.0 


729 


4.4 


222 


1.8 


1948 


18,450 


106.7 


12,287 


37.4 


59 


15.6 


717 


42.2 


741 


4.8 


229 


1.8 


1949 


19,120 


111.0 


21,305 


61.1 


60 


11.6< 3 > 


575 


39.7 


749 


5.6 


262 


2.0 


1950J 


19,000 


110.0 


29,146 


84.1 


71 


7.6") 


878 


64.9 


792 


6.3 


318 


2.3 





Gypsum 


Sodium Sulphate 


Peat Moss 


Magnesite 


All Other") 
Non-Metallics 
$ mm. 


Total") 

Non- 




tons 000 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


Metallics 

$ mm. 


1940 


1,449 


2.1 


94 


.8 


_ 


_ 


* 


.9 


2.5 


104.9 


1941 


1,593 


2.2 


116 


.9 


28 


.6 


* 


.8 


3.6 


119.7 


1942 


566 


1.3 


131 


1.1 


54 


1.1 


* 


1.1 


4.2 


129.5 


1943 


447 


1.4 


107 


1.0 


64 


1.5 


* 


1.3 


4.3 


131.5 


1944 


596 


1.5 


102 


1.0 


80 


1.9 


* 


1.1 


5.5 


134.7 


1945 


840 


1.8 


93 


.9 


84 


2.0 


* 


1.3 


5.1 


133.4 


1946 


1,811 


3.7 


106 


1.1 


97 


2.4 


* 


1.2 


4.7 


146.3 


1947 


2,497 


4.7 


163 


1.8 


80 


2.3 


* 


1.2 


5.5 


165.2 


1948 


3,217 


5.6 


154 


2.1 


90 


2.8 


* 


1.7 


6.3 


227.0 


1949 


3,014 


5.4 


120 


1.6 


80 


2.4 


* 


1.5 


6.3 


248.2 


1950f 


3,590 


6.1 


133 


1.8 


69 


2.3 


* 


1.5 


6.9 


293.8 



(1) For the years 1945-50 inclusive the figures represent the metal content of concentrates produced from nickel-copper ores. For earlier years figures refer to 

refined metals recovered and the contents of concentrates sold. 

(2) Excluding clay products and other structural materials. 

(3) Includes Alberta production valued at the well head; value figures for Alberta prior to 1940 include some gas at a higher value than at the well head. Ontario 
production for 1950 valued at wholesale price rather than retail as in previous years. 

* Not available. t Preliminary. 



11 



JANUARY 1951 



Thousands of Fine Ounces 



IX— CANADIAN GOLD STATISTICS 

Bank of Canada 





SOURCES 


DISPOSITION 








Net Release 






Net Increase 








New 
Gold<» 
Production 


Physical"' 
Imports 


from Gold 

held in 
Safekeeping 
for Non- 
residents 


Total 

Gold 

Available 


Physical"' 
Exports 


in Gold 
held in 
Safekeeping 
for Non- 
residents 


Net Increase 
or Decrease 
in Official 
Holdings* 4 ' 


Total 

Disposition 

of Gold 


Calendar Years 


















1939 


5,096 


17,681 


- 


22,777 


11,104 


10,700 


973 


22,777 


1940 


5,290 


73,468 


- 


78,758 


55,987 


25,114 


2,343 


78,758 


1941 


5,313 


1,389 


4,960 


11,662 


11,680 


- 


18 


11,662 


1942 


4,809 


- 


1,567 


6,376 


5,825 


- 


551 


6,376 


1943 


3,703 


- 


157 


3,860 


1,868 


- 


1,992 


3,860 


1944 


2,862 


214 


231 


3,307 


1,311 


- 


1,996 


3,307 


1945 


2,503 


- 


695 


3,198 


1,505 


— 


1,693 


3,198 


1946 


2,600 


5 


12,482 


15,087 


9,834 


- 


5,253 


15,087 


1947 


2,851 


2 


5,516 


8,369 


15,524 


- 


7,155 


8,369 


1948 


3,423 


2,384 


- 


5,807 


2,505 


11 


3,291 


5,807 


1949 


3,866 


11 


530 


4,407 


1,967 


- 


2,440 


4,407 


1950f 


4,282 


15,264 (6) 


- 


19,546 


979 


15,885 


2,682 


19,546 


Quarters 


















1950- I 


1,070 


- 


- 


1,070 


218 


396 


456 


1,070 


II 


1,097 


18 


- 


1,115 


367 


542 


206 


1,115 


III 


1,024 


4,382* 


- 


5,406* 


344 


4,107* 


955 


5,406* 


ivt 


1,091 


10,864 (6) 


" 


11,955 


50 


10,840 


1,065 


11,955 



(1) Newly mined gold sold by the Mint (excl. small sales for industrial purposes) plus exports of raw gold or concentrates direct from the mines for refining 
abroad. This series coincides with net non-monetary gold exports published monthly since 1939. 

(2) Excluding small amounts of unmanufactured gold, scrap and manufactured forms which are shown under various headings in the import returns. 

(3) Excluding the gold content of exports of jewellers' sweepings and precious metals scrap which are shown in the export returns. 

(4) Holdings of the Exchange Fund Account and Bank of Canada. 

(5) Includes 2,857 thousand fine ounces of Canadian-owned gold earmarked abroad. * Revised. t Preliminary. 



Cents per unit 



X— FOREIGN EXCHANGE RATES 

Bank of Canada 

OFFICIAL RATES* 





U. S 


. Dollar in Canada 


£ Sterling in Canada 




Buying 


Selling 


Mid-rate 


Buying 


Selling 


Mid-rate 


1939 - Sept. 16 (1) 

1945 - Oct. 15 (I) 

1946 - Tuly 6 (1) 
1949 - Sept. 20 <l) 


110.00 
110.00 
100.00 
110.00 


111.00 
110.50 
100.50 
110.50 


110.50 
110.25 
100.25 
110.25 


443.00 
443.00 
402.00 
307.25 


447.00 
445.00 
404.00 
308.75 


445.00 
444.00 
403.00 
308.00 


MARKET RATESt 




U. s 


Dollar in Canada 


£ Sterling in Canada 




High 


Low 


Noon aver. 


High 


Low 


Noon aver. 


Business Days 

1950— Oct. 
Nov. 
Dec. 

1951— Jan. 


107.00 
104.84 
106.00 

105.94 


104.56 
103.25 
104.59 

104.75 


105.34 
104.03 
105.31 

105.17 


299.60 
293.50 
296.75 

296.50 


292.78 
289.25 
293.00 

293.50 


294.96 
291.23 
294.86 

294.46 



* Rates established by the Government commencing from the institution of exchange control on Sept. 16, 1939. 
(1) Dates on which official rates were established or changed. 

t Commencing Oct. 2, 1950, official rates of exchange were discontinued; market rates are the quotations for transactions between banks in the exchange 
market. 



JKUARY 1951 



12 



CANADA 

Dominion Bureau of Statistics^ 



XI— WHOLESALE PRICES 

Index 1935-39 = 100 
U.K. 

Board of Trade m 



r.of Mths 

1929 
1932 
1937 
1946 
1947 
1948 
1949 
1950 
ilonthly 
19-Sept. 

Oct. 

Nov. 

Dec. 

50-Jan. 
Feb. 
Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 



Farm 
Products 



140.8 
65.5 
117.4 
177.0 
189.7 
229.6 
226.2 
228.6 

225.1 
222.2 
222.5 
222.4 

219.2 
222.0 
226.9 
228.8 
231.6 
240.9 
244.3 
229.3 
227.9 
221.6 
223.4 
227.5 



Raw 

Materials 



134.9 
76.1 
116.6 
151.4 
180.7 
216.1 
222.1 
235.8 

219.9 
222.1 
222.1 
221.7 

221.3 
223.4 
226.4 
228.1 
232.4 
237.6 
242.5 
242.2 
245.9 
240.7 
243.2 
245.9 



Foods 



133.0 
81.8 
108.0 
142.9 
162.7 
202.5 
205.3 
212.3 

205.8 
204.2 
203.4 
202.0 

201.2 
202.3 
205.6 
205.6 
206.8 
211.0 
216.8 
218.2 
220.7 
218.1 
219.4 
221.4 



Manu- 
factures 



122.2 

91.7 
105.8 
129.8 
154.3 
184.4 
186.9 
195.7 

186.3 
187.9 
187.8 
187.3 

187.6 
187.6 
188.8 
189.1 
189.1 
191.1 
192.2 
197.0 
204.6 
205.4 
207.5 
208.4 



Total 



124.0 
86.5 
109.7 
141.1 
167.5 
198.9 
203.6 
215.4 

201.6 
203.9 
203.8 
203.5 

203.8 
204.9 
206.6 
207.7 
209.9 
214.0 
216.5 
218.5 
225.2 
223.9 
225.7 
227.9 



Foods 


Total 


120.7 


115.0 


92.2 


86.2 


107.5 


109.5 


166.3 


176.4 


173.1 


193.2 


190.1 


220.9 


206.8 


231.7 


232.5 


264.4 


210.9 


232.3 


221.1 


238.9 


223.9 


241.9 


222.6 


242.7 


225.4 


246.2 


226.1 


246.8 


226.1 


247.1 


231.8 


251.4 


235.9 


256.5 


234.6 


258.3 


232.9 


261.6 


228.3 


265.5 


231.3 


273.7 


237.2 


281.0 


240.5 


290.4 


239.9 


293.7 



U.S.A. 

Bureau of Labor Statistics^ 



Farm 


Raw 








Products 


Materials 


Foods 


factures 


Total 


138.0 


127.0 


126.3 


114.1 


118.2 


63.4 


71.7 


77.1 


84.9 


80.4 


113.7 


110.4 


108.1 


105.3 


107.1 


195.5 


175.1 


164.8 


139.9 


149.9 


238.1 


215.4 


213.2 


176.1 


188.5 


247.9 


232.4 


226.4 


192.5 


204.9 


217.7 


213.2 


204.1 


182.6 


192.2 


224.4 


224.6 


210.1 


189.4 


200.4 


214.6 


210.9 


204.8 


181.3 


190.6 


210.0 


208.7 


201.8 


180.1 


188.8 


206.3 


208.9 


200.9 


178.9 


188.1 


203.8 


207.7 


197.0 


178.7 


187.6 


203.6 


208.1 


195.7 


179.0 


188.0 


209.3 


211.5 


198.1 


180.1 


189.5 


209.7 


212.0 


196.6 


179.8 


189.5 


209.6 


211.6 


196.3 


180.4 


189.7 


216.7 


216.5 


202.1 


183.8 


193.4 


218.3 


218.4 


204.9 


185.4 


195.2 


231.6 


228.9 


216.7 


190.8 


202.1 


233.7 


233.2 


220.7 


194.7 


206.5 


237.4 


236.7 


224.0 


198.1 


210.3 


233.9 


234.6 


218.1 


197.5 


209.8 


241.7 


240.2 


221.5 


199.4 


213.0 


246.7 


243.8 


226.4 


204.0 


217.5 



Raw materials, foods, manufactures and total index adjusted to 1935-39 = 100 from base 1926 = 100. 

Adjusted to 1935-39= 100 from base 1913 = 100 in 1929 and from base 1930= 100 thereafter. 

Adjusted to 1935-39= 100 from base 1926 = 100. 

An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. 

entirely comparable with the U.S.A. "Farm Products Index". Revised to include participation payments for the crop year 1949. 



The series is not 







XII— COST OF LIVING* 








idcx 1935-39 = 100 




Dominion Bureau of Statistics 










Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


1949 


203.0 


131.1 


183.1 


123.0 


167.6 


128.8 


160.8 


1950 


210.9 


138.3 


182.3 


132.9 


169.2 


132.6 


166.5 


First of Month 
















1949— May 


199.5 


129.1 


183.3 


122.4 


168.1 


128.4 


159.5 


June 


202.9 


128.7 


183.3 


122.4 


167.7 


128.4 


160.5 


July 


207.2 


129.1 


183.3 


123.4 


167.5 


128.5 


162.1 


Aug. 


209.2 


129.5 


183.2 


123.4 


167.4 


128.9 


162.8 


Sept. 


207.0 


130.1 


183.5 


123.9 


167.4 


128.9 


162.3 


Oct. 


205.0 


134.1 


184.1 


123.9 


167.2 


130.2 


162.2 


Nov. 


203.3 


135.1 


183.7 


123.9 


167.4 


130.2 


161.7 


Dec. 


201.9 


135.2 


183.7 


125.0 


167.1 


130.5 


161.5 


1950— Jan. 


199.4 


135.6 


183.3 


125.0 


167.0 


131.6 


161.0 


Feb. 


201.3 


135.9 


183.0 


125.0 


166.4 


132.1 


161.6 


Mar. 


204.0 


136.3 


181.4 


132.7 


166.3 


132.1 


163.7 


Apr. 


204.5 


138.0 


181.2 


132.7 


166.4 


132.3 


164.0 


May 


204.6 


137.5 


180.8 


132.7 


166.4 


132.3 


164.0 


June 


209.0 


137.1 


180.7 


132.7 


166.9 


132.4 


165.4 


July 


214.3 


137.7 


180.7 


134.9 


166.9 


132.5 


167.5 


Aug. 


216.7 


138.4 


180.9 


134.9 


168.9 


132.5 


168.5 


Sept. 


218.8 


140.8 


182.3 


135.5 


171.1 


132.8 


169.8 


Oct. 


220.1 


141.0 


183.5 


135.5 


172.7 


133.3 


170.7 


Nov. 


218.6 


140.6 


184.5 


136.4 


174.8 


133.4 


170.7 


Dec. 


218.8 


140.7 


184.9 


136.4 


176.4 


134.1 


171.1 


1951—Jan. 


220.2 


141.5 


187.1 


136.4 


179.8 


135.8 


172.5 



^Components were selected and weighted on the basis of 1938 family incomes ranging from $45O-$2,50O, with incomes between $1,000-$1,600 most common. 



13 



JANUARY 1951 



Thousands of Short Tons 



XIII— NEWSPRINT : NORTH AMERICA 

Newsprint Association of Canada 





SUPPLY 


ESTIMATED CONSUMPTION 


STOCKS 




Production 


Imports 

from 
Europe 








(0 




Net 




en 
Canada 






Exports 


Total 


U.S. 


Canadian 




Increase 




U.S.A. 


Total 


Overseas 


Supply 


Publishers 


Publishers 


Total 


or 
Decrease 


Calendar Years 






















1935 


3,083 


912 


3,995 


197 


734 


3,459 


3,345 


200 


3,545 


86 


1937 


3,998 


946 


4,944 


294 


771 


4,466 


3,825 


220 


4,045 


421 


1946 


4,506 


771 


5,277 


13 


693 


4,597 


4,296 


248 


4,545 


53 


1947 


4,820 


826 


5,646 


129 


709 


5,065 


4,75.'5 


275 


5,028 


37 


1948 


4,983 


867 


5,850 


267 


542 


5,576 


5,141 


306 


5,447 


129 


1949 


5,176 


900 


6,076 


255 


463 


5,868 


5,52!) 


335 


5,865 


3 


1950 


5,279 


1,004 


6,282 


172 


223 


6,231 


5,937 


360 


6,297 


66 


Monthly 

1949— Aug. 


446.8 


78.9 


525.8 


16.6 


41.9 


500.5 


413.0 


27.4 


440.4 


60.1 


Sept. 


415.2 


70.6 


485.8 


18.0 


43.6 


460.2 


463.0 


28.0 


491.0 


30.8 


Oct. 


435.7 


73.4 


509.0 


18.8 


37.4 


490.4 


518.5 


27.7 


546.2 


55.9 


Nov. 


436.8 


72.1 


508.9 


12.9 


43.0 


478.8 


491.7 


28.3 


520.0 


41.1 


Dec. 


414.9 


69.9 


484.7 


12.1 


21.3 


475.5 


483.8 


30.2 


514.0 


38.5 


1950— Jan. 


417.0 


74.3 


491.3 


15.8 


15.4 


491.8 


451.1 


28.7 


479.8 


12.0 


Feb. 


399.2 


69.1 


468.3 


12.0 


6.7 


473.6 


435.5 


27.5 


463.0 


10.6 


Mar. 


451.6 


80.6 


532.2 


13.8 


11.0 


535.1 


518.9 


29.9 


548.7 


13.6 


Apr. 


422.8 


82.6 


505.3 


14.5 


5.9 


514.0 


527.8 


28.7 


556.6 


42.6 


May 


459.9 


89.7 


549.7 


14.6 


18.5 


545.8 


525.4 


29.7 


555.1 


9.2 


June 


441.0 


88.4 


529.4 


13.0 


22.9 


519.4 


492.1 


29.0 


521.2 


1.7 


July 


439.3 


84.3 


523.5 


13.4 


21.9 


515.1 


440.2 


29.1 


469.4 


45.7 


Aug. 


466.4 


90.9 


557.3 


15.0 


19.7 


552.6 


453.3 


25.8 


479.1 


73.5 


Sept. 


437.6 


84.6 


522.1 


16.3 


32.4 


506.0 


488.6 


36.1 


524.7 


18.8 


Oct. 


456.4 


89.4 


545.8 


10.9 


23.8 


532.9 


550.0 


32.2 


582.3 


49.4 


Nov. 


456.7 


80.1 


542.8 


15.1 


25.0 


532.9 


533.3 


31.4 


564.7 


31.7 


Dec. 


430.6 


83.8 


514.3 


17.4 


19.9 


511.9 


520.7 


32.3 


553.0 


41.1 



(1) Includes Newfoundland. 



NEWSPRINT: WORLD PRODUCTION AND DISTRIBUTION 5 



MILLIONS OF TONS 



WORLD PRODUCTION 



MILLIONS OF TONS 





TOTAL CANADA USA. U.K. SCAND. OTHER 

DISTRIBUTION OF WORLD SUPPLY 




MILLIONS OF TONS 



WORLD EXPORTS 



MILLIONS OF TONS 




TOTAL CANADA U S. A 



U K 



SCAND OTHER 



DISTRIBUTION OF CANADIAN SHIPMENTS 

PERCENT PERCENT 

"1100 



1935-39 1946 1947 1948 1949 1950 1935-39 1946 

* Source — Newsprint Association of Canada. Newfoundland included in Canada throughout. 




1948 1946 



4UARY 1951 



14 



XIV— WHEAT : WORLD SUPPLIES* 

Compiled from Dominion Bureau of Statistics Publications, U. S. Dept. of Agriculture "Agricultural Statistics", 
At lions of Bushels Broomhall's "Corn Trade News" and Sanford Evans "Grain Trade Year Book" . 



Crop Years (1) 


Average 
1935/36 
-39/40 


1942/43 


1943/44 


1944/45 


1945/46 


1946/47 


1947/48 


1948/49 


(«) 

1949/50 


(5) 

1950/51 


1 Old Stocks- 






















Chief Exporters : 

Canada m 


101 


424 


595 


357 


258 


74 


86 


78 


102 


113 


U.S.A. 


155 


631 


619 


317 


279 


100 


84 


196 


308 


420 


Australia 


46 


138 


190 


150 


43 


60 


50 


90 


80 


110 


Argentina 
Total 


98 


225 
1,418 


275 


275 


160 


103 


112 


118 


104 


77 


400 


1,679 


1,099 


740 


337 


332 


482 


594 


720 


2; Production for 






















Export — 

Chief Exporters: 

Canada 


198 


386 


105 


245 


156 


252 


187 


257 


236 


307 


U.S.A. . 


74 


21 


392 


68 


214 


385 


601 


617 


513 


387 


Australia 


117 


90 


25 


52 


63 


38 


156 


106 


137 


110 


Argentina 
Total 


119 
508 


114 


84 


23 


6 


70 
745 


101 
1,045 


47 


58 


82 


611 


178 


238 


439 


1,027 


944 


886 


: Production in 






















Other Countries: 






















France 


287 


208 


243 


256 


184 


250 


150 


300 


297 


280 


Germany 


92 w 


131 


160 


140 


97 


92 


63< 3 > 


74U) 


91(3) 


96 < 3 > 


Italv 


278 


242 


237 


238 


169 


238 


205 


250 


275 


285 


Spain 


158 


100 


89 


115 


73 


142 


103 


110 


110 


140 


United Kingdom 


62 


96 


129 


117 


81 


73 


62 


88 


82 


90 


Other 
Totalf 
3TAL* (1+2+3) 


1,694 
2,571 


1,381 


1,558 
2,416 


1,461 


1,208 
1,812 


1,367 
2,162 


1,253 


1,567 


1,549 


1,677 


2,158 


2,327 
3,664 


1,836 
3,213 


2,389 


2,404 


2,568 


3,479 


4,187 


3,917 


2,991 


3,244 


3,898 


3,942 


4,174 



excluding U.S.S.R. and China and after deducting consumption in the chief exporting countries. t Excluding U.S.S.R. and China. (1) Canada, 

stralia and Argentina Aug. -July; U.S.A. July-June. (2) Including Canadian wheat in U.S.A. (3) Western Germany. (4) Preliminary. (S) Estimates. 



MILLIONS OF BUSHELS 



WHEAT: WORLD SUPPLlESt 



5000 



4000 



3000 



MILLIONS OF BUSHELS 

5000 



4000 



3000 




2000- 



1942/43 



1943/44 



1945/46 



1946/47 



AVERAGE 
1935/36-39/40 
t Excluding U.S.S.R., China and consumption in the chief exporting countries. 

(1) Canada. U.S.A.. Australia and Argentina. 

(2) Excluding U.S.S.R. and China. 

(3) Estimates. 

* Portion of old stocks used for home consumption. 



15 





















JANUARY 1951 
















XV— MERCHANDISE IMPORT^ 


















Compiled from "Trade of Canadi 


Millions of Dollars 
















(Excj 


Calendar 
Years 


Fruits 
and 
Nuts 


Vegetables 


Grains 
and 

Milled 
Products 
(incl. rice) 


Sugar 

and 

Products 


Tea 

and 

Coffee 


Alcoholic 
Beverages 

(0 


Vegetable 
Oils 
(non- 
edible) 


Rubber 

(incl. syn- 
thetic) 


Furs 


Hides 

and 

Leather 

(unmfd. 

and mfd.) 


Othn 

Vegetal, 

AniL 
Produc 


1929 


39 


11 


26 


28 


18 


47 


12 


23 


15 


20 


1 

64 


1932 


21 


5 


6 


17 


10 


17 


5 


4 


4 


6 


20 


1937 


29 


6 


18 


21 


14 


8 


16 


19 


8 


12 


27 


1946 


118 


27 


20 


40 


26 


13 


12 


20 


27 


13 


58 


1947 


100 


25 


36 


57 


35 


14 


23 


29 


22 


26 


76 


1948 


91 


8 


31 


72 


42 


16 


19 


32 


25 


19 


83 


1949 


96 


19 


26 


71 


50 


22 


21 


29 


20 


25 


74 


12-Mths. ending 

Nov. 1950 


114 


25 


36 


85 


71 


IS 


30 


44 


22 


27 


86 


Monthly 

1949— Oct. 


10.4 


.9 


3.1 


7.9 


4.5 


1.8 


2.5 


2.7 


1.8 


1.9 


7.4 


Nov. 


10.5 


1.2 


5.1 


10.7 


5.7 


2.7 


2.4 


2.7 


1.6 


1.7 


7.2 


Dec. 


9.2 


1.7 


2.6 


4.5 


4.4 


3.1 


1.6 


2.4 


1.2 


1.8 


5.9 


1950— Jan. 


5.8 


1.9 


1.0 


2.0 


6.0 


1.6 


1.7 


3.0 


2.3 


2.3 


6.2 


Feb. 


7.3 


2.1 


1.0 


1.7 


5.1 


1.0 


1.9 


3.1 


2.3 


2.5 


5.2 


Mar. 


8.9 


2.5 


1.0 


4.5 


4.0 


1.0 


3.1 


3.0 


1.8 


2.7 


7.0 


Apr. 


7.7 


2.8 


1.6 


3.1 


7.2 


1.0 


1.7 


3.1 


1.3 


2.0 


6.3 


May 


10.9 


4.1 


3.7 


10.7 


6.5 


1.0 


2.1 


3.1 


2.1 


1.9 


8.1 


June 


12.2 


4.3 


4.5 


9.1 


5.1 


1.4 


3.2 


2.8 


1.3 


1.7 


6.0 


July 


11.3 


2.2 


3.1 


7.8 


5.8 


1.1 


3.9 


2.8 


1.0 


1.4 


5.3 


Aug. 


10.9 


.3 


4.0 


8.2 


5.6 


1.2 


1.9 


4.1 


1.4 


1.9 


6.7 


Sept. 


9.1 


.3 


4.5 


7.4 


6.8 


1.5 


2.0 


5.6 


2.2 


2.5 


7.5 


Oct. 


9.7 


.8 


4.3 


15.0 


8.0 


1.5 


3.7 


4.6 


3.1 


3.2 


9.3 


Nov. 


10.4 


1.4 


4.7 


11.2 


6.3 


2.3 


3.5 


6.3 


1.9 


3.3 


12.3 



Calendar 
Years 


Chemicals 

and 

Allied 

Products 


Iron 
Ore 


Pigs, Ingots 
Blooms 

and 
Billets 


Bars and 

Rods incl. 

Rails 


Sheets, 

Plates, 

Hoop, Band 

and Strip 


Structural 

Iron and 

Steel 


Castings 

and 
Forgings 


Engines, 
Loco- 
motives 
and Boilers 


Farm 
Implements 

and 
Machinery 


Machinery 
(except 

agri- 
cultural) 


Moto 

Veliidi 

and 

Paris 


1929 


40 


5 


3 


12 


37 


15 


6 


18 


32 


70 


85 


1932 


28 


- 


- 


1 


11 


1 


2 


6 


2 


16 


13 


1937 


37 


5 


1 


5 


37 


4 


3 


11 


17 


46 


49 


1946 


93 


6 


1 


8 


38 


8 


7 


29 


68 


130 


106 


1947 


113 


13 


2 


12 


48 


18 


9 


44 


105 


206 


178 


1948 


118 


16 


6 


12 


54 


18 


10 


50 


140 


217 


132 


1949 


131 


12 


6 


13 


67 


18 


13 


59 


177 


216 


167 


12-Mths. ending 

Nov. 1950 


158 


17 


4 


11 


64 


16 


10 


55 


164 


220 


243 


Monthly 

1949— Oct. 


12.2 


1.8 


.1 


.5 


2.9 


.7 


.7 


4.2 


12.2 


17.7 


14.9 


Nov. 


13.1 


.2 


.3 


.4 


1.9 


.5 


1.1 


3.9 


12.6 


17.4 


13.5 


Dec. 


11.8 


.3 


.1 


.5 


3.9 


1.2 


.8 


4.3 


10.6 


16.7 


12.2 


1950— Jan. 


11.0 


— 


.1 


.5 


4.4 


1.2 


.7 


3.6 


13.1 


18.2 


15.7 


Feb. 


10.5 


- 


.1 


.6 


3.9 


1.3 


.5 


3.3 


13.3 


14.7 


18.1 


Mar. 


13.3 


- 


.1 


.7 


3.7 


1.2 


.5 


4.5 


17.7 


18.4 


19.7 


Apr. 


11.9 


- 


.1 


.7 


4.2 


1.1 


.7 


4.3 


18.3 


18.5 


18.5 


May 


15.1 


.8 


.3 


.7 


6.2 


1.4 


.9 


6.4 


20.1 


21.8 


21.8 


June 


14.5 


2.0 


.2 


1.1 


5.7 


1.3 


.7 


4.9 


15.8 


19.0 


26.6 


July 


12.6 


2.5 


.4 


.9 


5.6 


1.3 


.7 


6.3 


13.0 


17.2 


22.2 


Aug. 


12.8 


2.5 


.4 


.7 


5.3 


1.2 


.7 


4.4 


13.7 


16.5 


19.fa 


Sept. 


13.6 


3.3 


.7 


1.0 


6.3 


1.5 


1.0 


3.7 


8.9 


17.3 


20.2 


Oct. 


14.8 


2.9 


.4 


1.7 


7.4 


1.8 


.8 


4.8 


9.6 


20.6 


23.3 


Nov. 


16.2 


2.2 


1.2 


1.5 


7.9 


1.8 


i.:; 


4.3 


9.4 


20.7 


24.{ 



(1) Before 1935 import totals are substantially over-valued owing to inclusion of U.K. excise taxes on spirits imported from that country, 
in Council (9213) and the item "Canadian Goods Returned" (9195) are excluded. 



tfmports from I 



UARY 1951 



16 



MODITY CLASSIFICATION 

via Bureau of Statistics 



Millions of Dollars 



C ION 




Wool 


















Silk 

(raw and 






Artificial 


Flax. Hemp 


Other 


Paper 


Books and 
Printed 


Other Wood 
and Wood 










Calendar 


dJ Mfd ' 


mfd.) 


Raw and 
Unmfd. 


Mfd. 


Silk 


and Jute 


Textiles 




Matter 


Products 


Years 


;| 34 


29 


10 


40 


13 


15 


30 


15 


18 


30 


1929 


13 


10 


5 


11 


3 


6 


12 


7 


10 


6 


1932 


20 


8 


16 


19 


4 


11 


16 


8 


14 


12 


1937 


75 


4 


30 


35 


22 


23 


31 


19 


31 


20 


1946 


119 


7 


30 


54 


34 


38 


46 


23 


32 


35 


1947 


78 


4 


48 


67 


30 


27 


39 


17 


31 


25 


1948 


73 


6 


37 


63 


30 


20 


37 


20 


36 


30 


1949 

12-Mths. ending 


65 


7 


52 


51 


21 


25 


44 


23 


42 


34 


Nov. 1950 

Monthly 


4.2 


.5 


3.0 


3.2 


1.6 


1.9 


3.1 


2.0 


3.7 


2.5 


Oct.— 1949 


4.5 


.5 


2.3 


3.5 


1.7 


1.9 


3.4 


1.8 


3.8 


2.7 


Nov. 


4.2 


.5 


2.5 


2.8 


1.4 


1.1 


3.0 


1.6 


3.2 


2.1 


Dec. 


6.1 


.6 


3.0 


4.6 


1.8 


1.9 


3.8 


1.6 


3.2 


2.3 


Jan.— 1950 


5.4 


.6 


3.3 


4.1 


1.6 


2.1 


3.7 


1.7 


3.0 


2.7 


Feb. 


5.6 


.6 


4.3 


5.0 


1.8 


1.9 


3.9 


1.9 


3.7 


2.9 


Mar. 


6.0 


.5 


3.1 


3.9 


1.6 


2.4 


3.5 


1.8 


3.3 


2.4 


Apr. 


5.7 


.5 


4.2 


4.2 


1.6 


2.6 


4.0 


2.1 


3.7 


2.7 


May 


4.9 


.6 


5.1 


4.3 


1.4 


2.0 


3.0 


1.9 


3.2 


3.1 


June 


5.0 


.6 


4.9 


4.0 


1.4 


2.6 


3.0 


1.8 


3.2 


2.8 


July 


4.9 


.5 


5.5 


4.7 


1.7 


1.4 


3.2 


1.8 


3.6 


2.9 


Aug. 


4.8 


.6 


4.5 


4.2 


1.7 


2.3 


3.7 


1.9 


3.8 


2.9 


Sept. 


6.1 


.8 


5.2 


5.0 


2.1 


2.2 


4.8 


2.2 


4.2 


3.6 


Oct. 


6.5 


.9 


6.0 


4.4 


2.4 


2.4 


4.7 


2.5 


4.1 


3.4 


Nov. 




Tin 




Other 


Coal 


Petroleum 




Other 


All 


Totalt 




Bauxite 


and 


Electrical 


Non-ferrous 


and 


and 


Glass 


Non- 


Other 


Calendar 


Ore 


Products 


Apparatus 


Metals 


Products 


Products 




metallic 
Minerals 


Imports 


Imports 


Years 


3 


3 


37 


48 


64 


77 


11 


35 


75 


1,299 


1929 


2 


1 


8 


11 


35 


43 


5 


13 


33 


453 


1932 


4 


3 


16 


25 


42 


59 


9 


27 


48 


809 


1937 


9 


6 


48 


58 


133 


123 


23 


53 


119 


1,864 


1946 


9 


7 


69 


77 


154 


207 


29 


63 


159 


2,570 


1947 


10 


8 


62 


76 


206 


301 


26 


73 


115 


2,636 


1948 


10 


8 


70 . 


87 


157 


274 


25 


79 


157 


2,760 


1949 

12-Mths. ending 


10 


10 


81 


110 


190 


306 


28 


85 


157 


3,120, 


Nov. 1950 

Monthly 


1.4 


.3 


7.5 


8.0 


12.1 


25.2 


2.4 


7.8 


14.1 


234.2 


Oct.— 1949 


1.5 


.6 


6.8 


9.7 


13.9 


23.0 


2.8 


7.5 


14.0 


239.5 


Nov. 


.2 


.4 


5.8 


8.3 


12.5 


26.4 


2.0 


5.0 


11.0 


213.3 


Dec. 


.3 


.4 


6.7 


9.1 


12.3 


16.1 


2.0 


5.1 


10.8 


211.9 


Jan.— 1950 


.1 


.3 


5.5 


7.2 


10.1 


15.2 


2.0 


4.6 


9.5 


200.1 


Feb. 


.2 


.9 


7.3 


10.4 


10.5 


20.5 


2.3 


5.5 


7.2 


237.3 


Mar. 


.3 


.6 


6.9 


7.3 


13.2 


15.9 


2.2 


5.9 


10.3 


230.9 


Apr. 


.6 


.6 


7.2 


8.4 


18.1 


29.6 


2.7 


7.9 


14.1 


290.2 


May 


.9 


.9 


6.8 


8.5 


18.1 


29.1 


2.3 


7.7 


13.7 


282.4 


June 


1.1 


.5 


5.7 


8.1 


16.1 


26.9 


2.2 


8.1 


13.5 


259.5 


July 


.9 


1.1 


6.4 


7.6 


18.3 


28.6 


2.2 


7.9 


16.6 


267.3 


Aug. 


1.7 


1.2 


6.5 


12.1 


19.5 


33.0 


2.3 


7.7 


15.0 


279.7 


Sept. 


1.5 


1.2 


8.0 


11.2 


21.2 


33.1 


2.7 


9.8 


17.5 


320.5 


Oct. 


1.7 


1.9 


8.3 


12.1 


19.8 


31.5 


3.0 


9.S 


18.2 


327.3 


Nov. 



angdom do not include articles imported for the use of the armed forces of the United Kingdom. In the years 1946 and 1947 articles free under Order 



17 



JANUARY 1951 



Millions of Dollars 



XVI— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTS '* 





TOTAL EXPORTS (EXCLUDING GOLD) TO 


Net 








U.K. 


Union 


Other 


Western 


Central 




Total 


Non- 
monetary 




U.S.A. 


U.K. 


Dependen- 


of 


Sterling 


Europe & 


and 


Other 


All 


Gold 








cies 


South 
Africa 


Area 
(3) 


Colonies 

(4) 


South 
America 


(5) 


Countries 


Exports 


Calendar Years 






















1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


96 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


99 


1948 


1,516 


719 


95 


83 


115 


307 


127 


164 


3,125 


119 


1949 


1,529 


710 


72 


76 


151 


254 


132 


99 


3,022 


139 


1950"' 


2,050 


472 


52 


44 


108 


201 


154 


75 


3,156 


162 


Monthly 






















1949-July 


107.1 


67.1 


5.3 


9.4 


14.7 


26.5 


9.2 


5.4 


244.7 


9.4 


Aug. 


117.0 


65.6 


6.5 


6.8 


8.4 


20.6 


12.8 


9.4 


247.2 


13.8 


Sept. 


116.7 


58.3 


6.2 


3.7 


10.6 


19.3 


9.5 


9.3 


233.8 


11.2 


Oct. 


150.6 


73.0 


4.7 


4.3 


8.2 


15.3 


10.4 


8.2 


274.8 


13.2 


Nov. 


171.5 


58.5 


5.3 


3.7 


13.9 


22.0 


10.0 


8.3 


293.2 


15.4 


Dec. 


159.0 


43.1 


5.2 


6.3 


14.9 


20.3 


14.7 


10.2 


273.7 


12.5 


1950-Jan. 


133.8 


48.8 


5.3 


3.7 


5.2 


11.8 


7.4 


7.9 


224.0 


15.8 


Feb. 


131.2 


29.1 


3.8 


3.2 


7.4 


10.4 


7.7 


8.8 


201.6 


11.7 


Mar. 


158.6 


32.8 


4.2 


2.5 


8.3 


11.9 


8.4 


7.6 


234.3 


13.5 


Apr. 


139.3 


25.1 


4.3 


4.1 


7.3 


8.2 


15.8 


4.9 


209.0 


11.4 


May 


178.6 


53.3 


4.6 


4.8 


16.5 


17.8 


14.0 


7.2 


296.8 


15.8 


June 


178.9 


52.9 


3.7 


5.5 


9.1 


17.6 


15.0 


6.8 


289.4 


15.0 


July 


170.1 


31.9 


4.9 


4.3 


9.7 


19.4 


11.2 


4.1 


255.5 


14.8 


Aug. 


170.9 


41.4 


3.8 


2.0 


6.1 


18.2 


14.6 


6.1 


263.2 


13.8 


Sept. 


195.5 


34.6 


5.3 


3.6 


8.2 


15.8 


17.0 


4.9 


285.0 


10.8 


Oct. 


207.2 


45.9 


4.3 


4.9 


7.0 


23.5 


15.4 


5.9 


314.0 


16.4 


Nov. 


196.0 


39.7 


4.7 


2.9 


11.9 


25.4 


13.9 


6.6 


301.0 


12.3 


Dec."' 


190.5 


36.2 


3.2 


2.6 


11.4 


20.7 


13.1 


4.4 


282.0 


11.3 



Millions of Dollars 




MERCHANDISE IMPORTS (!) * 
























Excess of 








TOTAL IMPORTS (EXCLUDING GOLD) FROM 






Merch- 
















andise 








U.K. 


Union 


Other 


Western 


Central 


All 


Total 


Exports 

OVER 




U.S.A. 


U. K. 


Dependen- 


OF 


Sterling 


Europe & 


and 


Other 


All 


Merch- 






(2) 


cies 


South 
Africa 


Area 
(3) 


Colonies 
(4) 


South 
America 


(S) 


Countries 


andise 
Imports 


Calendar Years 






















1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


514 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


225 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


489 


1949 


1,952 


306 


107 


4 


77 


83 


193 


39 


2,760 


263 


12 Mths. end'g 






















Nov. 1950 «> 


2,099 


392 


129 


5 


99 


110 


219 


68 


3,120 


27 


Monthly 






















1949-July 


160.3 


29.3 


9.8 


.2 


5.3 


6.4 


16.8 


2.8 


230.8 


13.9 


Aug. 


143.6 


25.5 


10.2 


.3 


6.3 


6.3 


15.3 


3.9 


211.4 


35.8 


Sept. 


158.0 


21.7 


9.5 


.2 


5.6 


6.4 


16.7 


3.3 


221.4 


12.4 


Oct. 


167.6 


19.3 


11.1 


.2 


8.0 


6.8 


17.8 


3.4 


234.2 


40.7 


Nov. 


162.7 


26.4 


10.1 


.4 


8.5 


8.4 


18.8 


4.2 


239.5 


53.8 


Dec. 


151.0 


20.6 


5.2 


.2 


4.6 


6.7 


20.3 


4.6 


213.3 


60.5 


1950-Jan. 


154.5 


26.1 


4.4 


.2 


6.2 


5.0 


12.4 


3.2 


211.9 


12.1 


Feb. 


143.1 


25.3 


4.2 


.2 


6.9 


5.9 


10.6 


3.9 


200.1 


1.5 


Mar. 


160.9 


32.7 


7.4 


.8 


6.1 


6.7 


18.3 


4.5 


237.3 


3.1 


Apr. 


162.2 


29.5 


5.7 


.2 


7.2 


6.4 


14.9 


4.7 


230.9 


21.9 


May 


195.5 


36.3 


16.0 


.6 


7.6 


8.8 


18.8 


6.5 


290.2 


6.6 


June 


188.3 


37.1 


13.4 


.4 


9.7 


10.1 


15.2 


8.3 


282.4 


6.9 


July 


170.6 


32.7 


12.6 


.3 


9.1 


9.8 


18.2 


6.1 


259.5 


3.9 


Aug. 


172.6 


34.3 


14.1 


.2 


7.3 


10.9 


21.9 


6.0 


267.3 


4.0 


Sept. 


177.4 


36.2 


14.7 


.6 


8.4 


11.0 


25.4 


6.0 


279.7 


5.3 


Oct. 


208.3 


41.6 


14.8 


.5 


12.2 


13.8 


22.0 


7.3 


320.5 


6.5 


Nov.< 6 > 


214.8 


39.5 


16.0 


.8 


13.8 


15.3 


20.6 


6.5 


327.3 


26.3 


Dec."' 


182.6 


32.0 














266.2 


15.8 



* Commencing April 1, 1949, external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

(1) Includes exports of foreign produce. In the case of wheat, export figures 
are based on Board of Grain Commissioners rather than Customs data. 

(2) Imports from the United Kingdom do not include articles imported for 
the use of the armed forces of the United Kingdom. In the years 1946 and 



1947 articles admitted free under Order in Council (9213) and the item 
"Canadian Goods Returned" (9195) are excluded. 

(3) Consists of Eire, India, Pakistan, Burma, Australia, New Zealand, Iceland, 
Ceylon and Iraq. Egypt is included in All Other. 

(4) Excludes Spain, but includes Greece, Turkey, and British Sudan. 

(5) Includes Egypt, Spain, Palestine, and also Newfoundland until March 31, 
1949. 

(6) Preliminary. (7) Estimates. 



JA UARY 1951 



MERCHANDISE TRADE" 



DISTRIBUTION OF CANADIAN EXPORTS 



DISTRIBUTION OF CANADIAN IMPORTS 



PERCENT 

100:-' I 



80^ 



RUNNING 12-MONTH TOTALS 




;.•.'.'■ *.y *. XX*X*XX-X*XvXs 



A .>jLj- -fe^A $;$< v Vfc-c_2iLJL. i . : /X, ;,, K , ,.\ -,; . ^ _._ ^..;; .1. :• <.'X . > . -\ LiJ 



PERCENT 

100 




ie$ai»»»&.VA -i ■ lie ILjl; . u**JJl ,ni, a 



18 



MILLIONS OF DOLLARS 

3400 



3200 



MERCHANDISE EXPORTS AND IMPORTS 

RUNNING 1 2- MONTH TOTALS 



MILLIONS OF DOLLARS 



3000 



2800 



2600 




2100 



1948 1949 1950 1948 

* Excluding gold. December figures are preliminary. See also footnotes to table on page 17. 




STATISTICAL SUMMARY 

BANK OF CANADA 

Tables Charts Pages 

I Bank of Canada : 

Liabilities and Assets 19-20 

Chartered Banks: Canadian Deposits, Loans and Govt, of Canada 

and Provincial Securities 19 

C/iartered Banks: Ratio of Cash in Canada to Canadian Deposits . 20 

II Chartered Banks: 

Liabilities and Assets 21-22 

III General Public Holdings of Certain Liquid Assets 21-22 

IV Security Prices: 

Government Securities Payable in Canada only 23 

Yields of Government of Canada Bonds, Payable in Canada only . 23 

Government Securities: Canada, U.K. and U.S. A 24 

Yields of Government Bonds: Canada, U.K. and U.S.A. ... 24 

V Business Activity 25 

VI Industrial Production 25 

VII Average Hourly and Weekly Earnings and Hours Worked in Manufacturing 26 

Average Hourly and Weekly Earnings in Manufacturing ... 26 

VIII Gross National Product and Expenditure .27 

IX Personal Income and Disposition of Personal Income 28 

Gross National Product and Expenditure 28 

X Wholesale Prices 29 

U.S.A. Weekly Wholesale Price Indexes 29 

XI Cost of Living 30 

XII Farm Prices of Agricultural Products 30 

XIII Grains: Acreage and Production 31 

XIV Steam Railways : Operating Statistics 32 

XV Merchandise Exports and Imports by Countries 33 

Merchandise Trade: Exports, Imports and Balance .... 34 

XVI Merchandise Exports: Commodity Classification 35-36 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 



Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



FEBRUARY 1951 



19 

Millions of Dollars 



FEBRUARY 196l11 
1-BA.i! 













LIABILITIES 










Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other 
Deposits 


Foreign 
Currency 
Deposits'" 


Active 
B. of C. 

_ Note 
Circulation 


All 
Other 

Accounts 


Tota 
Liabili 

or 
Asset 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 


















■ 


Month-end Figures 




















1935—10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


290 


1937—12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


373 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


44«] 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,840. 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,898.1 


1947 


152.8 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,919 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,973 


1949 


180.8 


567.7 


748.4 


98.4 


79.9 


57.4 


1,086.8 


38.7 


2,109. 


1950 


192.3 


561.6 


753.9 


41.9 


206.2 


101.4 


1,100.9 


37.8 


2,242 


End of 




















1949— Nov. 


201.6 


544.7 


746.3 


27.2 


84.1 


71.6 


1,081.4 


45.1 


2,055 


Dec. 


211.8 


541.7 


753.5 


30.7 


126.9 


79.6 


1,095.6 


39.5 


2,125. 


1950— Jan. 


200.2 


530.7 


730.9 


94.3 


145.8 


78.6 


1,059.0 


42.1 


2,150. 


Feb. 


179.5 


554.8 


734.4 


24.3 


176.4 


82.2 


1,071.1 


21.9 


2,110. 


Mar. 


150.5 


567.3 


717.8 


71.2 


150.7 


79.2 


1,108.0 


36.9 


2,163. 


Apr. 


165.5 


551.6 


717.1 


41.3 


199.8 


91.5 


1,104.3 


27.8 


2,181. 


May 


210.6 


534.3 


745.0 


68.9 


202.7 


78.8 


1,065.3 


31.1 


2,191 


June 


154.7 


544.5 


699.2 


35.3 


215.8 


89.6 


1,121.1 


40.5 


2,201. 


July 


200.3 


552.7 


753.0 


19.6 


228.9 


94.6 


1,093.9 


34.4 


2,224. 


Aug. 


220.2 


568.2 


788.3 


16.7 


233.1 


106.2 


1,083.6 


36.9 


2,265. 


Sept. 


179.3 


555.8 


735.1 


22.0 


258.2 


89.6 


1,139.1 


38.6 


2,282. 


Oct. 


211.8 


621.7 


833.5 


39.0 


235.2 


143.3 


1,110.0 


48.3 


2,409. 


Nov. 


204.1 


578.8 


782.9 


45.3 


221.0 


149.7 


1,119.4 


56.3 


2,374. 


Dec. 


231.3 


578.6 


809.9 


24.7 


207.1 


133.6 


1,136.1 


39.0 


2,350. 


1951— Jan. 


219.6 


537.6 


757.3 


68.3 


204.4 


136.0 


1,074.8 


53.3 


2,294 



(1) Includes foreign exchange items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March 31, 1949. -k May 1940 and subi 
gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to the Foreign Exchange Control Bos 



CHARTERED BANKS : CANADIAN DEPOSITS, LOANS AND GOVT. OF CANADA 

AND PROVINCIAL SECURITIES 



MILLIONS OF DOLLARS 



MILLIONS Of DOLLARS 



8000 



6000 



4000 



2000 




8000 



6000 



4000 



2000 



FfiRUARY 1951 
















20 


a 


^ADA 














Millions of Dollars 




ASSETS 










Securities 




All 




i 


Silver 


Foreign (1) 
Exchange 


Govt, of Canada 
and Provincial 


Ind. Dev. 

Hank 
Cap. Stock 


Other 
Securities 


Total 


Advances 


Other 
Accounts 






Under 2 yrs. 


Over 2 yrs. 






1 


















Average of 
Month-end Figures 


2 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935—10 Mths. 




2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937—12 Mths. 




- 


41.7 

• 


142.8 
• 


46.2 
• 


- 


- 


189.1 

• 


.2 


6.7 


1939 




- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 




- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 




- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 




- 


.4 


1,133.3 


787.7 


25.0 


- 


1,946.0 


- 


26.7 


1948 




- 


53.1 


1,421.8 


571.9 


25.0 


4.3 


2,023.0 


- 


33.4 


1949 




- 


110.2 


1,503.3 


467.8 


25.0 


100.5 


2,096.6 


— 


35.4 


1950 

End of 




- 


66.2 


1,713.9 


221.5 


25.0 


5.5 


1,965.9 


- 


23.8 


Nov.— 1949 




- 


74.2 


1,781.4 


227.8 


25.0 


5.5 


2,039.7 


- 


12.0 


Dec. 




_ 


73.2 


1,769.1 


235.4 


25.0 


5.5 


2,035.0 


_ 


42.6 


Jan. — 1950 




- 


76.8 


1,786.2 


191.1 


25.0 


5.5 


2,007.8 


- 


25.7 


Feb. 




- 


73.8 


1,655.9 


358.9 


25.0 


5.5 


2,045.4 


- 


44.6 


Mar. 




- 


86.2 


1,668.3 


371.0 


25.0 


5.5 


2,069.8 


- 


25.9 


Apr. 




- 


73.4 


1,685.7 


372.6 


25.0 


5.5 


2,088.8 


- 


29.5 


May 




- 


84.2 


1,436.7 


622.0 


25.0 


5.5 


2,089.2 


- 


28.2 


June 




- 


89.2 


1,431.0 


638.7 


25.0 


5.5 


2,100.2 


- 


35.1 


July 




- 


161.5 


1,420.4 


569.2 


25.0 


60.3 


2,074.9 


- 


28.5 


Aug. 




- 


212.3 


1,406.1 


444.6 


25.0 


170.0 


2,045.6 


- 


24.7 


Sept. 




- 


152.5 


1,381.4 


435.7 


25.0 


360.7 


2,202.9 


- 


54.0 


Oct. 




- 


127.4 


1,170.0 


662.0 


25.0 


328.1 


2,185.1 


- 


62.1 


Nov. 




- 


111.7 


1,229.3 


712.5 


25.0 


247.9 


2,214.7 


- 


24.0 


Dec. 




- 


118.1 


1,171.0 


731.5 


25.0 


200.3 


2,127.7 




48.2 


Jan. — 1951 



/e effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order, 
date the Bank's minimum gold reserve requirement has been suspended. 



Under these orders the Bank's 



CHARTERED BANKS : RATIO OF CASH IN CANADA TO CANADIAN DEPOSITS 

PERCENT PERCENT 




21 


















mrnmnss^ 






















ii-charI 


Millions of Dollars 




















fej 




LIABILITIES 






Notes 


Deposits 


Cash 
in (j, 
Canada 


Securities 






Demand 


Notice 


Govt, of 

Canada 

and Prov. 


Canadian 

Deposits 

(i) 


Foreign 


Total 
Deposits 

(2) 


Govt, of Canada 
and Provincial 


Foreign 
Govt. 


Oth ( 




Under 2 yrs. 


Over 2 yrs. 


Average of 


























Mth-end Figures 


























1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


68 


239 


1948 


17 


2,259 


3,972 


355 


6,644 


817 


7,567 


705 


891 


2,423 


259 


547 


1949 


15 


2,353 


4,334 


490 


7,267 


744 


8,106 


748 


1,012 


2,562 


237 


1 


1950 


- 


2,563 


4,548 


380 


7,597 


731 


8,449 


754 


925 


2,638 


226 




End of 


























1949— Dec. 


14 


2,426 


4,433 


367 


7,348 


730 


8,177 


753 


1,016 


2,542 


242 




1950— Jan. 


1(6) 


2,406 


4,494 


296 


7,287 


744 


8,125 


731 


1,023 


2,544 


251 


547 


Feb. 


- 


"2,391 


4,537 


349 


7,350 


728 


8,191 


734 


1,049 


2,540 


252 


549 


Mar. 


- 


2,399 


4,572 


429 


7,490 


719 


8,307 


718 


995 


2,661 


229 


569 


Apr. 


- 


2,330 


4,560 


411 


7,382 


737 


8,226 


717 


956 


2,640 


235 


568 


May 


- 


2,453 


4,557 


407 


7,504 


758 


8,372 


745 


940 


2,655 


243 


570 


June 


- 


2,538 


4,538 


371 


7,552 


745 


8,409 


699 


734 


2,729 


238 


574 


July 


- 


2,493 


4,529 


265 


7,389 


742 


8,233 


753 


734 


2,702 


225 


580 


Aug. 


- 


2,618 


4,543 


412 


7,672 


728 


8,522 


788 


961 


2,713 


215 


588 


Sept. 


- 


2,709 


4,582 


306 


7,659 


709 


8,569 


735 


942 


2,669 


230 


595 


Oct. 


- 


2,822 


4,559 


358 


7,887 


706 


8,724 


834 


892 


2,685 


201 


571 


Nov. 


- 


2,824 


4,543 


452 


7,995 


716 


8,845 


783 


930 


2,567 


205 


579 


Dec. 


- 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


939 


2,555 


193 


599 


1951— Jan. 


- 


2,638 


4,577 


533 


7,884 


724 


8,739 


757 


937 


2,517 


188 


605 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. (3) Until March 1935: Gold and Coin in Canada, Do 

end Canadian deposits in 1926-35 and monthly average deposits in 1936 and after. (5) Bank of Canada notes in public circulation and chartered bank note circuit! 

standing notes issued for circulation in Canada transferred to Bank of Canada during January 1950. 



Millions of Dollars 



III— GENERAL PUBLIC HOLDINI 

Currency, Bank Deposits ai 

Ban, 





Currency and Active Bank Deposits 






Currency 
Outside Banks 


Active Bank Deposits 


Ton 
Curre 

anc 




Chartered Banks 


(7) 

Bank of 






























Notes (1 > 


Coin <*> 


Total 


(3) 

Demand 


Active* 4 ' 
Notice 


Other< 6 > 

excl. 

Govt. 

of Canada 


Total 


Deduct^ 
Float 


Net 
Total 


Canada 
"Other" 
Deposits 


Total 


Acti 

Ban 

Depos 


As at Dec. 31 


























1948 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


4,33 


1949 


1,110 


74 


1,184 


2,426 


682 


338 


3,446 


335 


3,111 


127 


.3,238 


4,42 


1950 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,85 


Month-end 


























1949— Dec. 


1,110 


74 


1,184 


2,426 


682 


338 


3,446 


335 


3,111 


127 


3,238 


4,42 


1950— Jan. 


1,059 


72 


1,131 


2,406 


692 


318 


3,416 


307 


3,109 


146 


3,255 


4,39 


Feb. 


1,071 


72 


1,143 


2,391 


699 


330 


3,420 


326 


3,094 


176 


3,270 


4,41 


Mar. 


1,108 


73 


1,181 


2,399 


704 


372 


3,475 


361 


3,114 


151 


3,265 


4,44 


Apr. 


1,104 


74 


1,178 


2,330 


704 


351 


3,385 


280 


3,105 


200 


3,305 


4,48 


May 


1,065 


73 


1,138 


2,453 


702 


348 


3,503 


365 


3,138 


203 


3,341 


4,47 


June 


1,121 


75 


1,196 


2,538 


699 


351 


3,588 


475 


3,113 


216 


3,329 


4,52 


July 


1,094 


75 


1,169 


2,493 


695 


318 


3,506 


355 


3,151 


229 


3,380 


4,54 


Aug. 


1,084 


75 


1,159 


2,618 


696 


323 


3,637 


351 


3,286 


233 


3,519 


4,67 


Sept. 


1,139 


77 


1,216 


2,709 


699 


389 


3,797 


352 


3,445 


258 


3,703 


4,91 


Oct. 


1,110 


77 


1,187 


2,822 


695 


437 


3,954 


451 


3,503 


235 


3,738 


4,92 


Nov. 


1,119 


77 


1,196 


2,824 


694 


419 


3,937 


476 


3,461 


221 


3,682 


4,87 


Dec. 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,85 


1951— Jan. 


1,075 


76 


1,151 


2,638 


702 


395 


3,735 


402 


3,333 


204 


3,537 


4,6( 



<^> The term General Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings see Table III, page 5 in the January Statistical Summary. 
+ Chartered banks' Newfoundland branch statistics are included as from 
1 April 1st, 1949. 
A"A-The whole of the increase or decrease in Canada's foreign exchange reserves 
is embodied in the related factors in this table; to the extent that such 
changes do not appear in the column "Bank of Canada Gold and Exchange 
Holdings (net)" they affect changes in "Government of Canada Direct 
and Guaranteed Funded Debt." 
(1) Note Circulation of Bank of Canada and, prior to 1950, of the chartered 
banks; excluding notes held by chartered banks. 



(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada and 
chartered banks in Canada. 

(3) Chartered banks' public demand deposits in Canada. 

(4) Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts and 
non-personal notice deposits. 

(5) Chartered banks' Canadian dollar deposits of provincial governments, 
and of Canadian, United Kingdom, and foreign banks. 

(6) Cheques on other banks as shown in chartered bank month-end returns 
to the Minister of Finance. 

(7) Other Deposits with the Bank of Canada as shown in published month-end 
statements — i.e. excluding Government of Canada, chartered bank and 
foreign currency deposits. 



NKS 



s 


rs 












Loans 








CANADA 


ABROAD 


Total 

Assets 


afl 










1 Call 


Current 


Current 


Call 


Current 








Public 


Other 








9 


267 


1,343 


112 


301 


248 


3,528 


6 


117 


1,032 


165 


84 


172 


2,869 


6 


107 


732 


117 


68 


165 


3,317 





81 


1,923 


75 


74 


234 


8,140 





97 


2,112 


105 


83 


220 


8,658 


3) 


111 


2,330 


115 


93 


222 


9,015 


5> 


133 


2,174 


97 


70 


211 


8,718 


a 


100 


2,164 


100 


76 


210 


8,664 


l! 


84 


2,182 


117 


75 


215 


8,717 


3 


83 


2,218 


126 


76 


209 


8,839 


>1 


103 


2,226 


123 


98 


212 


8,770 


18 


105 


2,234 


118 


87 


214 


8,912 


6 ; 


145 


2,293 


115 


90 


222 


8,950 


■0| 


94 


2,287 


98 


95 


223 


8,796 


3 


99 


2,294 


98 


95 


220 


9,102 


101 


2,352 


121 


110 


233 


9,162 


isi us 


2,449 


116 


117 


230 


9,323 


1 i 164 


2,611 


126 


96 


234 


9,450 


"| 


134 


2,651 


125 


100 


247 


9,496 


>«! 


118 


2,671 


124 


113 


252 


9,379 


n 


d "Free" Central Gold Re 


serve Deposi 


ts: after that 


date: Bank 


of Canada N( 


jeneing, since September 1944 


. an approxir 


nate figure 01 


lly. (6) N 


otes issued fo 


<|:rtain liquid 


ASSET! 


3*t 






<\i 


ENT OF C 


\NADA SE 


CURITIES 









zz 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in (J) 
Canada 


Deposits 


Canadian 


Note (5) 




(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


W.Z 


200 


1937 


711 


6,547 


10.9 


1,053 


1948 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


729 


7,344 


9.9 


1,109 


Dec— 1949 


750 


7,247 


10.3 


1,064 


Jan.— 1950 


722 


7,190 


10.0 


1,060 


Feb. 


723 


7,304 


9.9 


1,070 


Mar. 


748 


7,417 


10.1 


1,078 


Apr. 


742 


7,394 


10.0 


1,070 


May 


724 


7,419 


9.8 


1,071 


June 


755 


7,433 


10.1 


1,084 


July 


781 


7,369 


10.6 


1,082 


Aug. 


734 


7,557 


9.7 


1,096 


Sept. 


812 


7,786 


10.4 


1,107 


Oct. 


779 


7,881 


9.9 


1,111 


Nov. 


792 


7,847 


10.1 


1,131 


Dec. 


802 


7,890 


10.2 


1,079 


Jan. — 1951 



id Deposits. (4) Figures given are averages of estimated month- 

(6) Notes issued for circulation outside Canada only commencing in January: liability for out- 



i 




















Millions of Dollars 


> 
i 

: 1 Govt. Of 

i Canada 
i Securities 


Total 


Related Factors** 




Govt, of 

Held by B 


Canada Direct and Guaranteed Funded Debt* 9 ' 


Bank< 13 > 
Loans 


Bk.ofCan 


Deduct 




k. of Can. & Ch. Bks. 


Held by Other Investors 






Deduct™ 






Deduct 




& Non. 


Exchange 


All 
Other 
(Net) 

do 




|J; (9)(10)(1J) 




Total 

(10) 


Govt, of 
Canada 


Net 
Total 


Total 


Securities 
held by all 


Net 
Total 


Invest- 


Holdings 
(Net) 










Deps. 






Govt.Accts 


































As at Dec. 31 


H 10,249 


17,992 


4,972 


320 


4,652 


11,506 


1,257 


10,249 


3,341 


- 


250 


1948 


9,904 


18,077 


5,121 


181 


4,940 


10,700 


796 


9,904 


3,419 


- 


186 


1949 


10,069 


18,781 


5,021 


280 


4,741 


10,916 


847 


10,069 


3,950 


226 


205 


1950 
Month-end 


9,904 


18,077 


5,121 


181 


4,940 


10,700 


796 


9,904 


3,419 


- 


186 


Dec— 1949 


9,888 


18,076 


5,149 


163 


4,986 


10,693 


805 


9,888 


3,359 


_ 


157 


Jan. — 1950 


9,835 


18,086 


5,142 


116 


5,026 


10,623 


788 


9,835 


3,381 


- 


156 


Feb. 


9,803 


18,118 


5,255 


217 


5,038 


10,593 


790 


9,803 


3,437 


- 


160 


Mar. 


9,772 


18,112 


5,224 


182 


5,042 


10,551 


779 


9,772 


3,455 


- 


157 


Apr. 


9,711 


18,045 


5,243 


215 


5,028 


10,495 


784 


9,711 


3,461 


- 


155 


May 


9,869 


18,233 


5,116 


160 


4,956 


10,665 


796 


9,869 


3,559 


- 


151 


June 


9,819* 


18,202* 


5,087 


68 


5,019 


10,631* 


812 


9,819* 


3,502 


- 


138 


July 


9,840 


18,366 


5,248 


204 


5,044 


10,646 


806 


9,840 


3,521 


116 


155 


Aug. 


10,020 


18,822 


5,039 


1 


5,038 


10.835J 


815 


10,020J 


3,618 


293 


147 


Sept. 


10,068 


18,857 


4,990 


108 


4,882 


10,906 


838 


10,068 


3,681 


370 


144 


Oct. 


10,184 


18,912 


4,913 


253 


4,660 


11,046 


862 


10,184 


3,921 


306 


159 


Nov. 


10,069 


18,781 


5,021 


280 


4,741 


10,916 


847 


10,069 


3,950 


226 


205 


Dec. 


10,099 


18,662 


4,956 


344 


4,612 


10,947 


848 


10,099 


3,943 


182 


174 


Jan.— 1951 



(8) 



m 



10) 



Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits in 
Canada. 

Direct and guaranteed securities (including refundable taxes). Direct 
debt includes both matured and unmatured issues outstanding, exclusive 
of sinking fund holdings; guaranteed debt is included on the basis of the 
total unmatured issues outstanding; Newfoundland debt assumed by 
the Government of Canada has been included since June 1949. Foreign 
pay securities have been valued at official mid-rates of exchange to 
September 30. 1950, and at market rates thereafter. 

Chartered banks' temporary advances to the general public in connection 
with the purchase of Victory Loan Bonds at time of issue, amounting to 
166, 261, 271, and 411 in the years 1942 to 194S inclusive, have been 



(11) 

(12) 
(13) 



(14) 
t 



included in bank holdings of Government securities and deducted from 

holdings of the general public. 

Canadian dollar deposits of the Government of Canada at chartered 

banks and Bank of Canada. 

Holdings of all investors other than Bank of Canada, chartered banks 

and Government of Canada accounts. 

All loans in Canada of the chartered banks other than temporary advances 

in connection with Victory Loan issues, plus chartered banks' holdings 

of provincial, municipal and "other" securities, and Bank of Canada 

holdings of Industrial Development Bank Capital stock. 

Net of all related asset and liability items not shown elsewhere in this table. 

Excludes $50 million (U.S. funds) borrowed in New York to redeem an 

issue falling due on October 1st. 

Revised from July to Dec. 1950 inclusive. 



23 



FEBRUARY 195™ 



IV— SECURITY PRICES 

Bank of Canada 





Government of Canada Bonds Payable in Canada Only 






Based on Middle of the Market quotations 






Average of Business Days 


15th of Each Month 






Theoretical 


Theoretical 


Theoretical 


Theoretical 




3% Perpetuals 


15 Year 


9 Year 


5 Year 


2 Year 






Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 














1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.92 


1.39 


1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


1947 


104.00 


2.73 


2.57 


2.25 


1.75 


1.43 


1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 


1949 


100.88 


2.93 


2.83 


2.64 


2.24 


1.66 


1950 


101.70 


2.87 


2.78 


2.67 


2.22 


1.81 


Monthly 














1949— Oct. 


102.40 


2.82 


2.71 


2.59 


2.17 


1.63 


Nov. 


103.00 


2.78 


2.69 


2.56 


2.13 


1.65 


Dec. 


102.40 


2.82 


2.75 


2.63 


2.17 


1.65 


1950— Jan. 


101.89 


2.86 


2.75 


2.62 


2.18 


1.73 


Feb. 


101.58 


2.88 


2.73 


2.60 


2.16 


1.73 


Mar. 


101.78 


2.86 


2.73 


2.60 


2.16 


1.72 


Apr. 


101.78 


2.86 


2.77 


2.63 


2.18 


1.73 


May 


102.14 


2.84 


2.75 


2.61 


2.17 


1.74 


June 


102.29 


2.82 


2.73 


2.59 


2.10 


1.74 


July 


101.86 


2.86 


2.77 


2.67 


2.14 


1.77 


Aug. 


102.05 


2.84 


2.75 


2.64 


2.15 


1.74 


Sept. 


102.41 


2.81 


2.71 


2.62 


2.17 


1.76 


Oct. 


101.82 


2.86 


2.75 


2.68 


2.22 


1.83 


Nov. 


100.95 


2.93 


2.88 


2.84 


2.42 


2.02 


Dec. 


99.89 


3.00 


2.99 


2.97 


2.55 


2.17 


1951— Jan. 


99.44 


3.02 


3.02 


3.00 


2.63 


2.26 


Feb. 


99.41 


3.02 


3.02 


3.00 


2.60 


2.27 



YIELDS OF GOVERNMENT OF CANADA BONDS 

PAYABLE IN CANADA ONLY 
Quotations for J si and 15th of each month 



1.0% 



1.4% 



18% 



2.2% 



2 6% 



3 0% 



3 4% 



3 8% 




3 4% 



1937 1936 1939 1940 1941 1942 1943 1944 1945 1946 1947 1946 1949 1950 195 



(1) Prior to 1940 figures are for the 1st of month. (2) 1937 figures are for the 1st of the month; 1938-39 figures are for average of month. 
(3) Feb. IS. 



FfflKUAKY 1951 


















24 








IV— SECURITY PRICES 












Bank of Canada 








Government Bonds 


3 Month Treasury Bills 




Average of Business Day 


s 




Tender Rate Nearest 15th of Month 


Canada (1) 


U. K.< 2 > 


U.S.A 






















U K 


USA 




Price 


Yield 


Price Yield 


Price 


Yield 








Annual Average 




















1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


1947 


104.84 


2.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.592 


1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


All 


.509 


1.037 


1949 


101.54 


2.85 


100.00 


2.93 


103.21 


2.24 


.485 


.521 


1.096 


1950 


102.23 


2.77 


97.38 


3.19 


103.00 


2.24 


.552 


.516 


1.215 


Monthly 
1949— July 


101.12 


2.89 


99.40 


3.04 


103.77 


2.19 


.511 


.523 


.923 


Aug. 


101.71 


2.83 


95.68 


3.30 


104.09 


2.17 


.512 


.525 


1.007 


Sept. 


101.96 


2.81 


96.72 


3.23 


104.45 


2.14 


.510 


.514 


1.058 


Oct. 


103.04 


2.70 


96.18 


3.27 


104.51 


2.13 


.512 


.524 


1.050 


Nov. 


103.08 


2.69 


95.11 


3.34 


104.76 


2.11 


.512 


.523 


1.056 


Dec. 


102.65 


2.73 


97.17 


3.20 


104.88 


2.10 


.512 


.519 


1.115 


1950— Jan. 


102.65 


2.73 


95.84 


3.29 


104.80 


2.10 


.512 


.524 


1.101 


Feb. 


102.71 


2.72 


96.47 


3.25 


104.25 


2.14 


.513 


.524 


1.131 


Mar. 


102.70 


2.72 


95.68 


3.31 


103.76 


2.18 


.512 


.525 


1.131 


Apr. 


102.39 


2.75 


96.72 


3.23 


103.37 


2.21 


.513 


.512 


1.160 


May 


102.68 


2.72 


97.01 


3.21 


103.15 


2.23 


.514 


.513 


1.165 


June 


102.55 


2.73 


98.08 


3.14 


102.91 


2.25 


.512 


.514 


1.177 


July 


102.20 


2.77 


96.72 


3.23 


102.73 


2.26 


.512 


.512 


1.168 


Aug. 


102.41 


2.75 


97.10 


3.21 


102.69 


2.26 


.546 


.513 


1.173 


Sept. 


102.88 


2.70 


98.11 


3.14 


102.41 


2.29 


.615 


.514 


1.311 


Oct. 


102.16 


2.77 


99.29 


3.05 


102.16 


2.31 


.623 


.514 


1.337 


Nov. 


101.21 


2.87 


99.26 


3.05 


101.98 


2.32 


.624 


.513 


1.380 


Dec. 


100.24 


2.97 


98.30 


3.12 


101.73 


2.35 


.626 


.519 


1.351 


1951— Jan. 


99.94 


3.01 


98.34 


3.12 


101.96 


2.32 


.626 


.511 


1.391 


Feb. 


99.94 


3.01 


96.44 


3.26 


101.87 


2.33 


.728 


.513 


1.391 


( Government of Canada 3 


% due Sept 1 


, 1961-66. 


(2) United Kingdom 3% < 


iue Apr. 15. 1959-69. 


(3) U.S. Treasury 2J^% due Dec. 15. 


1963-68 is not eligible for 


:ommercial ba 


iks before Dec 


. 1. 1952. 















LONG TERM DOMESTIC GOVERNMENT BOND YIELDS : CANADA, U.K. AND U.S.A. 

Daily Opening Quotations 

2.0X1 | I | 2 0% 



2.2% 



22% 




JAM FEB MAR APR MAY JUNE" JULY AUG. SEPT OCT NOV DEC JAN FE& 

1950 1951 

* Security is not eligible for commercial banks before Dec. 1, 1952. 



25 



FEBRUARY 195T 



V— BUSINESS ACTIVITY 











Dominion 


Bureau of Statistics 
















Production 


i 




Res- 
idential 

Con- 
struction 






Employ- 


Aggregate 














Car 

Loadings 


Value 

of 

Department 


ment 
Index 

(3) 


Payrolls 










News- 


Central 


Index 

(3) 




Gold 


Nickel 


Steel 


print 

CD 


Electric 
Stations' 2 ' 


Contracts 
Awarded 




Store Sales 


Unadjusted 


Unadjusted 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 




Millions 


June l, 


June l, 




Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 


Thousands 


of Dollars 


1441 = 100 


1041 = 100 


AnnnalTotalsdl 






















1932 


3,044 


15 


380 


2,186 


12,296 


29 


2,180 


254 


57.2 


— 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


289 


74.6 


— 


1946 


2,833 


96 


2,335 


4,506 


31,063 


213 


3,690 


614 


113.5 


142.4 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


123.0 


172.6 


1948 


3,530 


132 


3,202 


4,983 


40,607 


373 


4,060 


805 


128.2 


199.5 


1949 


4,124 


129 


3,187 


5,176 


42,103 


464 


3,907 


856 


128.5 


214.5 


1950 


4,448 


123 


3,384 


5,279 


45,978 


542 


3,906 


873 


130.3 


227.4 


12-mths- ending 






















Jan. 1951 


4,448* 


123* 


3,404 


5,315 


46,560 


534 


3,966 


882 


130.3* 


227.4* 


Monthly 






















1949— Nun. 


359.9 


10.0 


248.7 


446.8 


3,534 


55.9 


351 


57.2 


131.3 


218.9 


Sept. 


364.7 


9.6 


240.7 


415.2 


3,496 


50.8 


363 


76.2 


132.4 


222.0 


Oct. 


366.9 


10.8 


258.9 


435.7 


3,628 


44.7 


370 


82.9 


132.4 


223.8 


Nov. 


362.8 


9.8 


259.7 


436.8 


3,629 


31.3 


352 


93.0 


132.3 


224.8 


Dec. 


373.2 


10.8 


263.9 


414.9 


3,747 


28.5 


301 


114.3 


132.2 


224.7 


1950— Jan. 


354.3 


10.2 


289.9 


417.0 


3,774 


24.0 


271 


49.7 


127.0 


208.9 


Feb. 


349.9 


9.6 


258.1 


399.2 


3,425 


20.3 


282 


50.2 


122.6 


209.2 


Mar. 


383.3 


9.3 


294.3 


451.6 


3,792 


30.2 


330 


67.3 


122.2 


212.1 


Apr. 


369.7 


11.2 


279.3 


422.8 


3,648 


43.0 


292 


67.4 


123.1 


214.2 


May 


373.8 


11.0 


290.9 


459.9 


3,795 


54.2 


338 


73.7 


123.6 


215.7 


June 


368.9 


10.8 


276.4 


441.0 


3,698 


63.7 


354 


69.3 


128.6 


222.6 


July 


368.4 


9.3 


264.2 


439.3 


3,707 


74.2 


332 


55.3 


132.5 


232.1 


Aug. 


376.5 


7.7 


281.3 


466.4 


3,841 


48.5 


275 


60.8 


133.9 


235.2 


Sept. 


364.9 


11.7 


274.9 


437.6 


3,843 


56.3 


363 


78.3 


135.1 


232.0 


Oct. 


376.8 


10.3 


293.9 


456.4 


4,092 


54.8 


385 


83.8 


137.5 


245.3 


Nov. 


378.8 


11.9 


289.5 


456.7 


4,132 


44.0 


369 


98.2 


138.2 


249.0 


Dec. 


383.1 


10.3 


291.2 


430.6 


4,229 


28.5 


314 


118.9 


139.2 


252.4 


1951— Jan. 






309.7 


453.0 


4,356 


16.0 


331 


58.3 







(1) Source; Newsprint Association of Canada. Includes Newfoundland. (2) Total output less exports and secondary power. 

First of month figures. (4) Average of months in case of Employment and Payrolls Indexes. *12-months ending Dec. 1950. 



(3) 8 Leading industries. 



Index 1935-39 = 100 



VI— INDUSTRIAL PRODUCTION" 

Dominion Bureau of Statistics 







Non-Duf 


able Manufactures 


Durable Manufactures 


Total 
Manufac- 
tures 




Total 




Mining 














Electric 


Industrial 












Transpor- 
tation 
Equipment 






Foods & 
Beverages 


Clothing 


Total 


Iron & 
Steel 


Total 


Power 


Produc- 
tion 


Aver, of mths. 






















1937 


105.0 


102.0 


103.5 


105.8 


115.7 


121.2 


113.9 


108.8 


105.6 


108.0 


1941' 


134.5 


136.3 


144.9 


140.4 


221.3 


298.7 


205.1 


164.2 


127.9 


157.2 


1946 


103.3 


174.6 


130.5 


163.0 


187.3 


215.9 


179.3 


169.0 


159.2 


159.2 


1947 


112.7 


184.3 


134.0 


174.2 


211.9 


240.0 


208.4 


186.8 


172.5 


175.5 


1948 


127.9 


188.9 


139.2 


179.0 


221.2 


236.4 


214.6 


192.1 


170.2 


181.5 


1949 


133.6 


189.3 


142.5 


179.8 


220.3 


245.2 


217.6 


193.8 


178.7 


184.3 


1950* 


146.1") 


192.6 


138.2 


1S8.0 


226.3 


269.8 


241.0 


207.5 


194.4 


198.3 


Monthly 






















1949— Sept. 


144.8 


207.4 


139.1 


185.6 


214.4 


270.6 


217.2 


197.2 


178.3 


188.5 


Oct. 


144.9 


196.1 


145.0 


182.0 


211.0 


258.0 


215.3 


194.2 


173.9 


185.9 


Nov. 


137.2 


197.0 


144.8 


183.5 


215.4 


218.0 


215.8 


195.4 


169.0 


185.3 


Dec. 


138.7 


194.5 


142.3 


181.4 


212.6 


246.6 


222.4 


196.5 


174.2 


186.8 


1950— Jan. 


138.6 


175.0 


134.4 


175.0 


214.5 


262.3 


217.1 


190.5 


180.3 


182.6 


Feb. 


144.2 


172.4 


140.0 


178.1 


215.0 


266.4 


225.4 


195.5 


181.2 


187.3 


Mar. 


144.7 


183.8 


141.8 


183.0 


216.9 


253.8 


231.6 


200.9 


183.8 


191.8 


Apr. 


143.0 


188.7 


145.1 


185.0 


216.2 


256.1 


223.7 


199.2 


190.2 


190.8 


May 


140.4 


198.1 


142.0 


188.8 


223.1 


271.3 


237.7 


206.8 


203.3 


197.4 


June 


147.6 


205.3 


131.4 


192.7 


224.3 


298.1 


254.0 


215.3 


207.4 


205.3 


July 


146.1 


199.9 


131.2 


187.5 


220.7 


300.5 


240.1 


206.9 


206.1 


198.5 


Aug. 


136.2 


197.3 


125.2 


183.6 


214.1 


221.7 


225.6 


199.0 


200.1 


190.5 


Sepl . 


153.3 


196.5 


133.9 


193.3 


233.1 


279.1 


250.5 


214.4 


195.5 


204.5 


Oct. 


158.8 


202.6 


142.1 


197.4 


243.8 


290.4 


263.5 


221.7 


191.8 


210.7 


Nov. 


162.1 


197.8 


L45.6 


190.7 


2-18.7 


263.0 


261.9 


220.7 


192.0 


210.4 


1 >ec* 




193 5 


145.6 


195.4 


244.8 


274.9 


261.1 


219.6 


201.0 


210.2 



(1) Physical volume of Production. Seasonally adjusted indexes. 



(>) Average 12-months ending Nov. 1950. 



* Preliminary. 



iKUAKY lyoi 



£.*> 



AVERAGE HOURLY & WEEKLY EARNINGS & HOURS WORKED IN MANUFACTURING* 

HOURLY-RATED WAGE-EARNERS 

Dominion Bureau of Statistics 





AVERAGE 


HOURLY EARNINGS ' 
Cents 


AVERAGE HOURS WORKED 


AVERAGE WEEKLY EARNINGS (n 
Dollars 


All Manu- 
factures 


Durable 
Goods 


Non-Durable 
Goods 


All Manu- 
factures 


Durable 
Goods 


Non-Durable 
Goods 


All Manu- 
factures 


Durable 
Goods 


Non-Durable 
Goods 


erage of Months 

1945 


69.4 


76.8 


60.8 


44.3 


44.7 


43.8 


30.71 


34.30 


26.59 


1946 


70.0 


76.4 


63.8 


42.7 


42.7 


42.6 


29.87 


32.68 


27.18 


1947 


80.3 


87.2 


73.4 


42.5 


42.7 


42.3 


34.16 


37.25 


31.09 


1948 


91.3 


98.4 


84.0 


42.2 


42.3 


42.0 


38.50 


41.67 


35.29 


1949 


98.6 


106.5 


90.6 


42.3 


42.5 


42.0 


41.67 


45.28 


38.09 


1950 


103.6 


112.0 


95.2 


42.3 


42.5 


42.2 


43.86 


47.55 


40.22 


1st of Monthf 
949— June 


99.1 


106.5 


91.5 


40.8 


41.1 


40.5 


40.43 


43.77 


37.06 


July 


99.1 


106.7 


91.3 


41.8 


42.4 


41.2 


41.42 


45.24 


37.62 


Aug. 


98.8 


106.5 


91.1 


41.9 


42.1 


41.7 


41.40 


44 84 


37.99 


Sept. 


98.4 


106.6 


90.4 


42.4 


42.5 


42.2 


41.72 


45.31 


38.15 


Oct. 


99.3 


107.8 


91.0 


42.7 


43.0 


42.5 


42.40 


46.35 


38.68 


Nov. 


99.5 


108.0 


91.4 


42.8 


42.8 


42.9 


42.59 


46.22 


39.21 


Dec. 


100.0 


108.7 


91.5 


42.9 


43.0 


42.9 


42.90 


46.74 


39.25 


1950— Jan. 


101.1 


109.3 


92.9 


39.9 


40.3 


39.6 


40.34 


44.05 


36.79 


Feb. 


100.9 


109.5 


92.6 


42.3 


42.2 


42.4 


42.68 


46.21 


39.26 


Mar. 


101.4 


109.8 


93.1 


42.5 


42.6 


42.5 


43.10 


46.77 


39.57 


Apr. 


101.7 


110.0 


93.6 


42.8 


43.0 


42.6 


43.53 


47.30 


39.87 


May 


102.5 


110.6 


94.3 


42.6 


42.9 


42.4 


43.67 


47.45 


39.98 


June 


103.5 


111.4 


95.5 


42.0 


42.2 


41.7 


43.47 


47.01 


39.82 


July 


103.9 


111.8 


95.7 


42.5 


42.9 


42.2 


44.16 


47.96 


40.39 


Aug. 


104.2 


112.5 


95.8 


42.5 


42.7 


42.2 


44.29 


48.04 


40.43 


Sept. 


104.4 


112.9 


95.9 


41.9 


41.5 


42.4 


43.74 


46.85 


40.66 


Oct. 


105.3 


114.3 


98.3 


42.9 


43.0 


42.8 


45.17 


49.15 


41.22 


Nov. 


106.4 


115.2 


97.5 


43.0 


43.1 


43.0 


45.75 


49.65 


41.93 


Dec. 


107.7 


116.4 


99.0 


43.1 


43.1 


43.1 


46.42 


50.17 


42.67 



Covers establishments usually employing not less than 15 persons and includes overtime and part-time workers. 

As reported for last week of the previous month. 

Gross earnings before deductions for taxes, unemployment insurance, etc. 



AVERAGE HOURLY AND WEEKLY EARNINGS IN MANUFACTURING 

INDEX DEC 1915-100 INDEX DEC 1945- ICO 



160 




MONTHLY'" 






j\ 


150 












1 












HC 


URLY EARN 


NGS -s 








140 


























130 


























120 






























JJ HOURLY EARNINGS ADJUSTED'?^ 
BY COST OF LIVING INDEX \ 




110 
























100 


/C^A # 
























n 


" 


j j j 


1 ; i 


1 1 1 


i i 
1 1 


| 



DMJ SDMJ SDMJ SDMJ SDMJ ' 
1946 1947 1948 1949 1950 

(1) 1st of month figures for the last week of the previous month 




M J S 
1946 



M J S 
1947 



M J S 
1948 



isi ui iiioiu jures ior cue last wcck oi t'.ie previous montn. So far as weekly wages are concerned, Jan. 1st figures are affected by loss of working 
time during the holiday season and the average of Dec. 1st and Feb. 1tf haa h *«» n h«m»H Ci\ Rarnincr« ii»l»r rii*.M»H u-v ™ c t r.f liwin 



weekly wages are concerned, Jan. 1st figures are ahected by loss ol working 
1st has been used. (2) Earnings index divided by cost of living index. 



27 



Millions of Dollars 



FEBRUARY 1951 



VIII— GROSS NATIONAL EXPENDITURE 

Dominion Bureau of Statistics 





<1)(2) 
Exports 
of 
Goods and 


Private Investment 


Govt. Expenditure 


Personal 

Expenditure 

on Goods 

and 


Total 
of 

Foregoing 


(21 

Cost of 

Imports 

of Goods 

and 


Residual 

Error of 

Estimate or 


Gross 


Calendar 
Years 


Plant. 

Equipment 


(3) 

Inventories 


Mutual Aid 
and 


Other 


National 

Expenditure 

at Market 




Services 


and Housing 




Foreign 
Relief 




Services 




Services 


Omissions 


Prices 


1926 


1,650 


681 


154 





523 


3,654 


6,662 


1,522 


56 


5,196 


1927 


1,618 


774 


166 


— 


567 


3,885 


7,010 


1,629 


66 


5,447 


1928 


1,773 


940 


206 


— 


589 


4,196 


7,704 


1,808 


89 


5,985 


1929 


1,632 


1,107 


10 


— 


686 


4,383 


7,818 


1,945 


83 


5,956 


1930 


1,286 


916 


177 


— 


765 


4,091 


6,881 


1,625 


92 


5,348 


1931 


967 


610 


237 


— 


735 


3,594 


5,669 


1,142 


47 


4,480 


1932 


804 


322 


166 


— 


640 


3,066 


4,666 


901 


47 


3,718 


1933 


826 


221 


105 


— 


521 


2,848 


4,311 


828 


15 


3,468 


1934 


1,018 


296 


49 


— 


572 


3,030 


4,965 


948 


55 


3,962 


1935 


1,143 


360 


49 


— 


611 


3,209 


5,372 


1,017 


70 


4,285 


1936 


1,428 


446 


45 


— 


594 


3,420 


5,843 


1,183 


16 


4,644 


1937 


1,591 


633 


74 


— 


650 


3,733 


6,681 


1,409 


7 


5,279 


1938 


1,356 


576 


6 


— 


695 


3,770 


6,403 


1,257 


19 


5,165 


1939 


1,451 


554 


327 


— 


724 


3,861 


6,917 


1,328 


9 


5,598 


1940 


1,805 


713 


371 


— 


1,156 


4,379 


8,424 


1,626 


26 


6,772 


1941 


2,458 


995 


217 


— 


1,750 


5,014 


10,434 


1,967 


33 


8,434 


1942 


2,354 


931 


330 


1,002 


2,727 


5,531 


12,875 


2.307 


113 


10,455 


1943 


3,462 


828 


47 


518 


3,712 


5,880 


14,353 


2,917 


153 


11,283 


1944 


3,596 


756 


67 


960 


4,065 


6,382 


15,692 


3,569 


204 


11,919 


1945 


3,597 


882 


283 


858 


2,850 


7,050 


14,954 


2,910 


234 


11,810 


1946 


3,210 


1,362 


538 


97 


1,735 


8,018 


14,960 


2,878 


74 


12,008 


1947 


3,638 


2,057 


901 


38 


1,524 


9.225 


17,383 


3,621 


105 


13,657 


1948 


4,054 


2,663 


609 


19 


1,778 


10,151 


19,274 


3,636 


135 


15,503 


1949t 


4,004 


2,961 


108 


— 


2,128 


11,086 


20,287 


3,837 


67 


16,383 


1950f* 


4,200 


3,123 


785 


— 


2,333 


11,810 


22,251 


4,500 


58 


17,693 



GROSS NATIONAL PRODUCT 



Millions of Dollars 






Dominion 


Bureau of Statistics 










Calendar 
Years 


Salaries, 

Wages and 

Other 

Labour 

Income 


Military 

Pay and 

Allowances 


(4) 
Investment 
Income 


Net In< 
Individual 

Agricul- 
ture 


:ome OF 
Enterprises 

Other Un- 
incorporated 
Business 


Net 

National 

Income 

at Factor 

Cost 


Indirect 

Taxes 

Less 

Subsidies 


(S) 

Depreciation 

and 

Similar 

Business 

Costs 


Residual 
Error of 
Estimate 

or 
Omissions 


Gross 

National 

Product 

at Market 

Prices 


1926 


2,299 


7 


602 


691 


479 


4,078 


612 


561 


55 


5,196 


1927 


2,465 


7 


663 


640 


516 


4,291 


629 


593 


66 


5,447 


1928 


2,658 


7 


839 


693 


553 


4,750 


677 


647 


89 


5,985 


1929 


2,839 


8 


814 


443 


585 


4,689 


674 


677 


84 


5,956 


1930 


2,750 


8 


592 


359 


481 


4,190 


594 


656 


92 


5,348 


1931 


2,386 


8 


327 


146 


394 


3,261 


585 


587 


47 


4,480 


1932 


1,971 


8 


201 


108 


294 


2,582 


566 


522 


48 


3,718 


1933 


1,791 


8 


233 


98 


257 


2,387 


566 


500 


15 


3,468 


1934 


1,969 


8 


379 


190 


274 


2,820 


585 


502 


55 


3,962 


1935 


2,093 


9 


451 


238 


326 


3,117 


596 


502 


70 


4,285 


1936 


2,221 


9 


565 


273 


378 


3,446 


656 


526 


16 


4,644 


1937 


2,494 


9 


758 


326 


430 


4,017 


713 


557 


8 


5,279 


1938 


2,506 


9 


681 


371 


419 


3,986 


637 


560 


18 


5,165 


1939 


2,583 


32 


783 


461 


430 


4,289 


737 


582 


10 


5,598 


1940 


2,944 


193 


1,127 


508 


483 


5,255 


837 


655 


25 


6,772 


1941 


3,586 


386 


1,487 


548 


587 


6,594 


1,056 


751 


33 


8,434 


1942 


4,251 


641 


1,721 


1,089 


671 


8,373 


1,085 


883 


114 


10,455 


1943 


4,746 


910 


1,766 


969 


711 


9,102 


1,117 


912 


152 


11,283 


1944 


4,908 


1,068 


1,770 


1,213 


782 


9,741 


1,111 


863 


204 


11,919 


1945 


4,915 


1,117 


1,905 


959 


892 


9,788 


1,003 


785 


234 


11,810 


1946 


5,322 


340 


1,987 


1,130 


1,040 


9,819 


1,269 


846 


74 


12,003 


1947 


6,212 


83 


2,299 


1,104 


1,218 


10,916 


1,601 


1,036 


104 


13,657 


1948 


7,139 


82 


2,379 


1,567 


1,307 


12,474 


1,768 


1,126 


135 


15,503 


1949 f 


7,800 


115 


2,365 


1,513 


1,374 


13,167 


1,829 


1,321 


66 


16,383 


1950f* 


8,300 


137 


2,852 


1,424 


1,451 


14,164 


2,001 


1,471 


57 


17,693 



(1) Excludes exports financed by Government of Canada expenditure on Mutual Aid and foreign relief. 

(2) Minor adjustments have been made (by D.B.S.) to the figures of current receipts and payments as shown in the "Canadian Balance of International Pay- 
ments" to achieve consistency with other component series. 

(3) Includes grain held by the Canadian Wheat Board. 

(4) Includes corporation profits before taxes have been deducted. 

(5) Includes an estimate of capital outlay charged to current account and also the claim portion of fire insurance premiums. * Preliminary, 
f Includes Newfoundland. 



F 


I RUARY 


1951 




















ZS 




IX— PERSONAL INCOME AND DISPOSITION OF PERSONAL INCOME 




to 


\ ions of Dollars 






Dominion Bureau 


of Statistics 










:alendar 
Years 


Interest, (i) 

Dividends 

and Net 

Rental 

Income 


Ail Other(2) 
Personal 
Earnings 


Social 
Insurance 

Con- 
tributions 
and Govt. 
Pension 

Funds 


Transfer 
Payments 
from Govt, 
to Persons 


Total 
Personal 

Income 


Personald) 
Direct 
Taxes 


Disposable 
Income 


Personal 

Expenditure 

on Consumer 

Goods 

and 

Services 


Personal Savings 


Percentage 

of 

Disposable 

Income 

Saved 




In Farm 
Inventories 


Total 

(Incl. Farm 
Inventories) 




1926 


486 


3,476 


16 


77 


4,023 


54 


3,969 


3,654 


66 


315 


7.9 




1927 


508 


3,628 


18 


84 


4,202 


61 


4,141 


3,88^ 


51 


256 


6.2 




1928 


564 


3,911 


20 


92 


4,547 


60 


4,487 


4,196 


5 


291 


6.5 




1929 


584 


3,875 


25 


98 


4,532 


68 


4,464 


4,383 


144 


81 


1.8 




1930 


595 


3,598 


26 


121 


4,288 


71 


4,217 


4,091 


66 


126 


3.0 


1931 


559 


2,934 


23 


165 


3,635 


63 


3,572 


3,594 


/ 


22 


.6 




1932 


460 


2,381 


21 


170 


2,990 


63 


2,927 


3,066 


20 


139 


4.7 




1933 


428 


2,154 


20 


196 


2,758 


67 


2,691 


2,848 


29 


157 


5.8 




1934 


416 


2,441 


21 


230 


3,066 


63 


3,003 


3,030 


12 


27 


.9 




1935 


437 


2,666 


22 


241 


3,322 


80 


3,242 


3,209 


13 


33 


1.0 




1936 


435 


2,881 


25 


248 


3,539 


93 


3,446 


3,420 


45 


26 


,8 




1937 


489 


3,259 


29 


281 


4,000 


112 


3,888 


3,733 


22 


155 


4.0 


1938 


525 


3,305 


32 


262 


4,060 


112 


3,948 


3,770 


.36 


178 


4.5 


1939 


570 


3,506 


34 


249 


4,291 


no 


4,181 


3,861 


60 


320 


7.7 


! 1940 


611 


4,128 


37 


224 


4,926 


136 


4,790 


4,379 


80 


411 


8.6 




1941 


637 


5,107 


68 


197 


5,873 


290 


5,583 


5,014 


58 


569 


10.2 




1942 


708 


6,652 


114 


221 


7,467 


495 


6,972 


5,531 


368 


1,441 


20.7 




1943 


752 


7,336 


128 


210 


8,170 


698 


7,472 


5,880 


62 


1,592 


21.3 




1944 


804 


7,971 


133 


261 


8,903 


838 


8,065 


6,382 


124 


1,683 


20.9 




1945 


848 


7,883 


136 


546 


9,141 


809 


8,332 


7,050 


238 


1,282 


15.4 




1946 


882 


7,832 


149 


1,106 


9,671 


796 


8,875 


8,018 


41 


857 


9.7 




1947 


1,065 


8,617 


181 


841 


10,342 


791 


9,551 


9,225 


123 


326 


3.4 




1948 


1,107 


10,095 


223 


863 


11,842 


822 


11,020 


10,151 


65 


869 


7.9 




1949f 


1,193 


10,802 


243 


922 


12,674 


786 


11,888 


1 1 ,086 


73 


802 


6.7 




1950f* 


1,260 


11,312 


268 


1,016 


13,320 


741 


12,579 


11,810 


165 


769 


6.1 


( 
c 
a 


Interest on i 
itable donati 
military pay 


Government c 
ons from con 
and allowan 


ebt not incu 
jorations. 
:es, as shown 


rred to finan 
(2) Salaries 
on page 27. 


:e existing re 

wages and s 

O) Inclu 


il assets is in 
upplementar 
des successio 


eluded with 
y labour inco 
1 duties. 


other interest and is excluded from transfer payments. Includes 
me. net income of agriculture and other unincorporated business 
* Preliminary. t Includes Newfoundland. 



GROSS NATIONAL PRODUCT AND EXPENDITURE! 



NATIONAL INCOME & GROSS NATIONAL PRODUCT 

BILLIONS OF DOLLARS 



CROSS NATIONAL PRODUCT 
NET INCOME OF AGRlC AND 
OTHER UNINCORPORATED BUSINESS 
INVESTMENT INCOME 



12 



i-12 




16 



1939 40 41 



42 43 44 45 46 47 48 49 
PERSONAL INCOME 



50" 



BILLIONS Or DOLLARS 




1939 40 



GROSS NATIONAL EXPENDITURE 

BILLIONS OF DOLLARS 



20 



GROSS NATIONAL EXPENDITURE 
(OR PRODUCT) PLUS IMPORTS 




DISPOSITION OF PERSONAL INCOME 

BILLIONS OF DOLLARS 




■-'-\'vy.\-. v rwOo ■■■;*.'•.;- '.''■:•'■ v.'. ■;•■■■ •■.■y.vX . 

EXPENDITURE ON CONSUMER 

GOODS AND SERVICES 







1939 



t Newfoundland included in the years 1949 and 1950. (1) National Income plus indirect taxes and such costs as depreciation, etc. (2) Plant, equip- 
ment, housing and inventories. (3) Agriculture and other unincorporated business. (4) Salaries, wages, military pay and allowances. (S) Includes 
succession duties. * Preliminary. 



29 



m 



CANADA 

Dominion Bureau of Statistics 1 -^ 



WHOLESALE PRICES 

Index 1935-39 = 100 
U.K. 

Board of Trade w 





Farm 


Raw 




Manu- 






Products 

* 


Materials 


Foods 


factures 


Total 


Aver. of Mths. 












1929 


140.8 


134.9 


133.0 


122.2 


124.0 


1932 


65.5 


76.1 


81.8 


91.7 


86.5 


1937 


117.4 


116.6 


108.0 


105.8 


109.7 


1946 


177.0 


151.4 


142.9 


129.8 


141.1 


1947 


189.7 


180.7 


162.7 


154.3 


167.5 


1948 


229.6 


216.1 


202.5 


184.4 


198.9 


1949 


226.2 


222.1 


205.3 


186.9 


203.6 


1950 


228.6 


235.8 


212.3 


195.7 


215.4 


Monthly 












1949 Nov. 


222.5 


222.1 


203.4 


187.8 


203.8 


Dec. 


222.4 


221.7 


202.0 


187.3 


203.5 


1950-Jan. 


219.2 


221.3 


201.2 


187.6 


203.8 


Feb. 


222.0 


223.4 


202.3 


187.6 


204.9 


Mar. 


226.9 


226.4 


205.6 


188.8 


206.6 


Apr. 


228.8 


228.1 


205.6 


189.1 


207.7 


May 


231.6 


232.4 


206.8 


189.1 


209.9 


June 


240.9 


237.6 


211.0 


191.1 


214.0 


July 


244.3 


242.5 


216.8 


192.2 


216.5 


Aug. 


229.3 


242.2 


218.2 


197.0 


218.5 


Sept. 


227.9 


245.9 


220.7 


204.6 


225.2 


Oct. 


221.6 


240.7 


218.1 


205.4 


223.9 


Nov. 


223.4 


243.2 


219.4 


207.5 


225.7 


Dec. 


227.5 


245.9 


221.4 


208.4 


227.9 


1951-Jan. 


235.2 


252.8 


225.3 


213.7 


233.7 



Foods 


Total 


120.7 


115.0 


92.2 


86.2 


107.5 


109.5 


166.3 


176.4 


173.1 


193.2 


190.1 


220.9 


206.8 


231.7 


232.5 


264.7 


223.9 


241.9 


222.6 


242.7 


225.4 


246.2 


226.1 


246.8 


226.1 


247.1 


231.8 


251.4 


235.9 


257.0 


234.6 


258.7 


232.9 


262.0 


228.3 


265.9 


231.3 


274.0 


237.4 


281.5 


240.6 


291.0 


240.0 


294.4 


239.2 


301.8 



U.S.A. 

Bureau of Labor Statistics^ 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 


Total 


138.0 


127.0 


126.3 


114.1 


118.2 


63.4 


71.7 


77.1 


84.9 


80.4 


113.7 


110.4 


108.1 


105.3 


107.1 


195.5 


175.1 


164.8 


139.9 


149.9 


238.1 


215.4 


213.2 


176.1 


188.5 


247.9 


232.4 


220.4 


192.5 


204.9 


217.7 


213.2 


204.1 


182.6 


192.2 


224.3 


224.6 


210.1 


189.4 


200.4 


206.3 


208.9 


200.9 


178.9 


188.1 


203.8 


207.7 


197.0 


178.7 


187.6 


203.6 


208.1 


195.7 


179.0 


188.0 


209.3 


211.5 


198.1 


180.1 


189.5 


209.7 


212.0 


196.6 


179.8 


189.5 


209.6 


211.6 


196.3 


180.4 


189.7 


216.7 


216.5 


202.1 


183.8 


193.4 


218.3 


218.4 


204.9 


185.4 


195.2 


231.6 


228.9 


216.7 


190.8 


202.1 


233.7 


233.2 


220.7 


194.7 


206.5 


237.4 


236.7 


224.0 


198.1 


210.3 


233.9 


234.6 


218.1 


197.5 


209.8 


241.7 


240.2 


221.5 


199.4 


213.0 


246.6 


243.6 


220.3 


204.0 


217.5 


255.3 


250.7 


230.5 


208.9 


223.3 



(1) Raw materials, foods, manufactures and total index adjusted to 1935-39 = 100 from base 1926 = 100. 

(2) Adjusted to 1935-39=100 from base 1913 = 100 in 1929 and from base 1930 = 100 thereafter. 

(3) Adjusted to 1935-39 = 100 from base 1926 = 100. 

* An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies, 
entirely comparable with the U.S.A. "Farm Products Index". Revised to include participation payments for the crop year 1949. 



The series is not 



U.S.A. WEEKLY WHOLESALE PRICE INDEXES 



INDEX 1926-100 



INDEX 1926-100 




ALL COMMODITIES OTHER THAN 
FARM PRODUCTS AND FOODS 






11 



I 



JFMAMJJASONDJFMAMJJASONDJFMAMJJASONDJFMAMJJASOND 
1948 1949 1950 1951 

* Bureau of Labor Statistics; based on a sample of 115 commodities selected from the 900 commodities included in the monthly index. Last 
figure plotted for Feb. 20. 



140 





« 



RUARY 1951 



SV 







XI— COST OF LIVING* 








il-x 1935-39 = 100 




Dominion Bureau of Statistics 








Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


1949 


203.0 


131.1 


183.1 


123.0 


167.6 


128.8 


160.8 


1950 


210.9 


138.3 


182.3 


132.9 


169.2 


132.6 


166.5 


First of Month 
















1949— June 


202.9 


128.7 


183.3 


122.4 


167.7 


128.4 


160.5 


July 


207.2 


129.1 


183.3 


123.4 


167.5 


128.5 


162.1 


Aug. 


209.2 


129.5 


183.2 


123.4 


167.4 


128.9 


162.8 


Sept. 


207.0 


130.1 


183.5 


123.9 


167.4 


128.9 


162.3 


Oct. 


205.0 


134.1 


184.1 


123.9 


167.2 


130.2 


162.2 


Nov. 


203.3 


135.1 


183.7 


123.9 


167.4 


130.2 


161.7 


Dec. 


201.9 


135.2 


183.7 


125.0 


167.1 


130.5 


161.5 


1950— Jan. 


199.4 


135.6 


183.3 


125.0 


167.0 


131.6 


161.0 


Feb. 


201.3 


135.9 


183.0 


125.0 


166.4 


132.1 


161.6 


Mar. 


204.0 


136.3 


181.4 


132.7 


166.3 


132.1 


163.7 


Apr. 


204.5 


138.0 


181.2 


132.7 


166.4 


132.3 


164.0 


May 


204.6 


137.5 


180.8 


132.7 


166.4 


132.3 


164.0 


June 


209.0 


137.1 


180.7 


132.7 


166.9 


132.4 


165.4 


July 


214.3 


137.7 


180.7 


134.9 


166.9 


132.5 


167.5 


Aug. 


216.7 


138.4 


180.9 


134.9 


168.9 


132.5 


168.5 


Sept. 


218.8 


140.8 


182.3 


135.5 


171.1 


132.8 


169.8 


Oct. 


220.1 


141.0 


183.5 


135.5 


172.7 


133.3 


170.7 


Nov. 


218.6 


140.6 


184.5 


136.4 


174.8 


133.4 


170.7 


Dec. 


218.8 


140.7 


184.9 


136.4 


176.4 


134.1 


171.1 


1951— Jan. 


220.2 


141.5 


187.1 


136.4 


179.8 


135.8 


172.5 


Feb. 


224.4 


141.7 


192.4 


136.4 


185.1 


137.0 


175.2 


* >mponents were selected and weightei 


1 on the basis of 


1938 family incon 


ies ranging from 


$450-$2,500, with incomes between $1.000-$1,600 most common. 







XII— FARM PRICES OF AGRICULTURAL PRODUCTS 






dex 1935-39 = 100 






Dominion Bureau of Statistics 












P.E.I. 


N.S. 


N.B. 


Que. 


Ont. 


Man. 


Sask. 


Alta. 


B.C. 


Canada 


nual Average 






















1935 


81.4 


92.6 


80.8 


90.1 


93.2 


85.6 


83.1 


84.3 


92.7 


88.0 


1939 


104.6 


107.6 


111.4 


100.4 


99.2 


85.6 


79.9 


84.9 


98.8 


91.8 


1944 


172.7 


173.3 


171.9 


171.7 


169.1 


173.1 


171.4 


176.9 


179.7 


172.4 


1945 


196.7 


180.8 


195.3 


179.5 


174.6 


186.3 


189.4 


193.4 


187.9 


184.2 


1946 


194.2 


191.1 


207.7 


196.9 


187.9 


204.3 


209.5 


213.2 


199.0 


200.8 


1947 


180.1 


184.6 


199.6 


213.7 


202.1 


220.8 


218.3 


225.2 


206.8 


212.5 


1948 


236.6 


214.1 


250.4 


265.6 


258.6 


254.6 


239.3 


256.2 


240.0 


252.4 


1949 


203.9 


208.2 


220.2 


261.4 


257.0 


257.7 


241.1 


258.9 


245.4 


251.8 


1950 


188.3 


206.2 


216.0 


260.6 


264.7 


255.5 


226.4 


253.9 


243.8 


249.3 


Monthly 






















)49— Aug. 


248.0 


223.0 


231.7 


261.1 


259.1 


262.5 


242.0 


266.7 


252.4 


255.8 


Sept. 


211.8 


196.1 


228.7 


260.1 


256.8 


263.0 


240.2 


256.4 


241.4 


251.2 


Oct. 


195.4 


198.1 


216.5 


256.1 


255.1 


257.0 


238.0 


255.5 


241.8 


248.7 


Nov. 


190.1 


190.8 


214.3 


255.4 


252.0 


258.8 


239.9 


253.8 


241.6 


247.7 


Dec. 


186.7 


192.5 


208.0 


255 4 


253.9 


258.9 


240.1 


255.9 


236.5 


248.3 


350— Jan. 


176.0 


195.4 


201.3 


250.2 


242.4 


255.5 


236.3 


251.1 


224.7 


241 .6 


Feb. 


174.7 


196.6 


203.8 


251.5 


248.5 


260.0 


239.2 


255.4 


230.9 


245.7 


Mar. 


180.1 


199.5 


208.8 


252.7 


252.3 


263.0 


241.9 


260.3 


232.1 


249.0 


Apr. 


189.9 


197.4 


209.2 


254.5 


255.2 


267.6 


244.6 


264.2 


231.9 


251.9 


May 


176.2 


197.3 


207.3 


253.2 


258.5 


265.0 


245.3 


264.4 


234.8 


252.6 


June 


207.9 


205.7 


217.7 


259.9 


269.5 


272.6 


249.5 


274.2 


240.7 


261.1 


July 


200.7 


208.6 


229.6 


263.8 


275.6 


276.1 


252.0 


276.3 


247.5 


265.1 


Aug. 


217.6 


217.0 


230.4 


264.4 


276.1 


245.6 


218.8 


253.0 


254.3 


251.9 


Sept. 


199.3 


217.0 


228.0 


267.4 


277.3 


243.3 


201.0 


246.2 


257.9 


247.3 


Oct. 


183.3 


214.9 


225.6 


264.0 


271.3 


243.1 


194.5 


231.9 


255.4 


239.8 


Nov. 


172.5 


211.4 


212.9 


268.7 


272.8 


235.7 


194.3 


232.1 


256.6 


240.''. 


Dec. 


181.6 


213.6 


217.9 


276.5 


276.8 


238.6 


199.7 


237.3 


259.3 


245.4 



Prices received by farmers omitting storage, transportation, processing and handling charges, but including subsidies, bonuses and premiums which can be 
attributed to specific products. Revised to include retroactively participation payments on wheat and the equalization payments on oats and barley. 



31 



nu-i'iM 



195 



XIII— GRAINS : ACREAGE AND PRODUCTION : 1942-50 

Dominion Bureau of Statistics 



WHEAT 



mm. bus. mm. acres 



OATS 



mm. bus. jmm. acres 



BARLEY 



mm. bus. mm. acres 



RYE 



mm. bus. |mm. acres 



FLAXSEED 



mm. bus |mm. acres 



OTHER GRAINS 



mm. bus. I mm. acres 



SUMMER 
FALLOW 



mm. acres 



TOTAL CANADA 



1942 


556.7 


21.6 


652.0 


13.8 


259.2 


7.0 


24.7 


1.3 


15.0 


1.5 


88.2 


2.3 


20.0 


67.4 


1943 


284.5 


16.9 


482.0 


15.4 


215.6 


8.4 


7.1 


.6 


17.9 


2.9 


49.7 


2.0 


20.6 


66.8 


1944 


416.6 


23.3 


499.6 


14.3 


194.7 


7.3 


8.5 


.6 


9.7 


1.3 


74.7 


2.0 


19.4 


68.3 


1945 


318.5 


23.4 


381.6 


14.4 


157.8 


7.4 


5.9 


.5 


7.6 


1.1 


62.5 


2.0 


19.9 


68.5 


1946 


413.7 


24.5 


371.1 


12.1 


148.9 


6.3 


8.8 


.7 


6.4 


.8 


68.6 


1.8 


20.4 


66.6 


1947 


341.8 


24.3 


278.7 


11.0 


141.4 


7.5 


13.2 


1.2 


12.3 


1.6 


46.8 


1.6 


19.4 


66.6 


1948 


386.3 


23.9 


358.8 


11.2 


155.0 


6.5 


25.3 


2.1 


17.7 


1.9 


78.4 


2.0 


20.0 


67.5 


1949 


367.4 


27.5 


317.9 


11.4 


120.4 


6.0 


10.0 


1.2 


2.3 


.3 


73.1 


2.1 


21.0 


69.5 


1950f 


461.7 


27.0 


419.9 


11.6 


171.4 


6.6 


13.3 


1.2 


4.5 


.5 


92.0 


2.1 


21.0 


70.1 



MANITOBA 



1942 


53.0 


1.9 


70.0 


1.5 


74.0 


2.0 


3.6 


.2 


2.0 


.2 


2.3 


.1 


2.4 


8.3 


1943 


39.0 


1.6 


63.0 


1.6 


68.0 


2.3 


.8 


.1 


2.8 


.3 


2.2 


.1 


2.3 


8.4 


1944 


50.3 


2.5 


61.0 


1.6 


54.7 


2.1 


.6 


- 


1.8 


.2 


1.9 


.1 


1.8 


8.4 


1945 


38.8 


2.1 


54.5 


1.7 


52.5 


2.1 


.4 


- 


2.8 


.3 


1.3 


.1 


2.5 


8.8 


1946 


58.0 


2.5 


50.0 


1.4 


43.0 


1.7 


.3 


— 


3.0 


.3 


.8 


— 


2.6 


8.6 


1947 


42.0 


2.5 


39.0 


1.4 


34.0 


1.9 


.6 


- 


5.2 


.6 


.6 


- 


2.2 


8.6 


1948 


50.0 


2.2 


60.0 


1.5 


45.0 


1.5 


2.0 


.1 


9.0 


1.0 


.7 


- 


2.1 


8.4 


1949 


57.0 


3.2 


53.0 


1.7 


40.0 


1.7 


.8 


- 


1.1 


.1 


1.0 


- 


2.2 


8.9 


1950f 


50.0 


2.4 


70.0 


1.6 


55.0 


1.7 


1.3 


.1 


2.9 


.3 


1.2 


.1 


2.6 


8.7 



SASKATCHEWAN 



1942 


305.0 


12.4 


255.0 


4.9 


92.0 


2.5 


15.0 


.8 


10.5 


1.1 


2.5 


A 


11.7 


33.4 


1943 


146.0 


9.6 


200.0 


6.5 


80.0 


3.3 


3.8 


.3 


11.5 


2.1 


1.9 


.1 


12.0 


33.9 


1944 


242.1 


13.2 


198.0 


5.6 


72.0 


2.7 


4.8 


.4 


6.4 


.9 


3.8 


.1 


11.6 


34.6 


1945 


168.1 


13.6 


143.0 


5.7 


54.5 


2.7 


2.6 


.3 


3.8 


.7 


1.4 


.1 


11.7 


34.7 


1946 


208.0 


14.2 


100.0 


4.3 


43.0 


2.3 


4.0 


.4 


2.6 


.5 


.2 


— 


11.8 


33.6 


1947 


173.0 


14.2 


80.0 


4.0 


45.0 


2.8 


6.8 


.7 


4.2 


.7 


.1 


- 


11.5 


33.9 


1948 


191.0 


14.4 


89.0 


3.7 


42.0 


2.3 


10.5 


1.2 


4.7 


.6 


.1 


- 


11.7 


33.9 


1949 


183.0 


15.7 


85.0 


3.4 


33.0 


1.8 


4.4 


.7 


.7 


.1 


.1 


- 


12.7 


34.4 


1950f 


260.0 


16.2 


112.0 


3.4 


46.0 


2.0 


6.2 


.7 


1.0 


.2 


.1 


- 


12.5 


34.9 



ALBERTA 



1942 


171.0 


6.4 


175.0 


3.3 


75.0 


1.9 


4.4 


.2 


2.2 


.2 


2.7 


.1 


5.9 


17.9 


1943 


82.8 


4.8 


129.0 


3.7 


56.0 


2.2 


1.2 


.1 


3.3 


.6 


2.2 


.1 


6.3 


17.8 


1944 


99.3 


6.7 


111.8 


3.2 


51.7 


1.9 


1.7 


.1 


1.2 


.2 


1.6 


.1 


6.0 


18.2 


1945 


87.7 


6.8 


76.0 


3.3 


37.0 


2.0 


1.5 


.1 


.7 


.1 


1.4 


.1 


5.7 


18.2 


1946 


127.0 


7.0 


97.0 


2.8 


48.0 


1.8 


2.9 


.2 


.6 


.1 


.7 


— 


6.0 


17.8 


1947 


105.0 


6.6 


75.0 


2.5 


52.0 


2.4 


4.3 


.3 


2.2 


.3 


.4 


- 


5.8 


17.9 


1948 


115.0 


6.3 


75.0 


2.4 


55.0 


2.2 


9.9 


.6 


3.1 


.3 


1.1 


- 


6.2 


18.0 


1949 


97.0 


7.6 


52.0 


2.3 


36.0 


2.1 


2.4 


.3 


.3 


- 


.7 


- 


6.1 


18.5 


1950f 


117.0 


7.3 


72.0 


2.5 


56.0 


2.5 


3.7 


.3 


.4 


- 


1.1 


- 


6.0 


18.6 















OTHER 


PROVINCES 














1942 


27.7 


.9 


152.0 


4.1 


18.2 


.6 


1.7 




.3 


_ 


80.8 


2.0 


* 


7.7 


1943 


16.7 


.8 


90.0 


3.6 


11.6 


.5 


1.3 




.3 


- 


43.4 


1.7 


* 


6.7 


1944 


24.9 


.8 


128.8 


3.9 


16.3 


.5 


1.4 




.3 


- 


67.4 


1.8 


* 


7.2 


1945 


23.9 


.8 


108.1 


3.6 


13.8 


.5 


1.4 




.3 


- 


58.5 


1.8 


* 


6.8 


1946 


20.7 


.7 


124.1 


3.6 


14.9 


.5 


1.5 




.2 


- 


66.9 


1.7 


* 


6.6 


1947 


21.8 


.9 


84.7 


3.2 


10.4 


.4 


1.6 




.7 


.1 


45.7 


1.6 


* 


6.2 


1948 


30.3 


1.1 


134.8 


3.7 


13.0 


.4 


3.0 




.9 


.1 


76.5 


1.9 


* 


7.3 


1949 


30.4 


1.1 


127.9 


4.1 


11.4 


.4 


2.5 




.2 


- 


71.3 


2.0 


* 


7.7 


1950f 


34.7 


1.2 


165.9 


4.1 


14.4 


.4 


2.1 




.2 


- 


89.6 


2.0 


* 


7.9 



(1) Buckwheat, mixed grains and shelled corn. (2) Prairie Provinces only. * Not available, t Revised estimates. 



fl^UARY 1951 



32 







XIV— STEAM RAILWAYS : 


OPERATING STATISTICS 












Dominion Bureau of Statistics 












Salaries 


Single 


Revenue Freight Traffic 


Passenger Traffic 




















Employees 


and 
Wages 


Track 

Mileage 


Train 

Miles 


Tons'" 
Carried 


Tons 
Carried 
1 Mile 


Train 
Miles 


Passengers 
Carried 


Passengers 
Carried 
1 Mile 


Thousands 


$ mm. 


Miles 


Millions 


Millions 


1926 


174 


253 


40,350 


* 


105 


34,153 


* 


43 


2,999 


1927 


176 


267 


40,570 


• 


106 


34,902 


* 


42 


3,052 


1928 


188 


288 


41,022 


* 


119 


41,611 


* 


41 


3,141 


,1929 


188 


291 


41,380 


* 


115 


35,026 


* 


39 


2,897 


1930 


174 


268 


42,047 


* 


96 


29,605 


* 


35 


2,423 


1931 


155 


229 


42,280 


* 


74 


25,707 


* 


26 


1,748 


1932 


133 


181 


42,409 


* 


61 


23,137 


* 


21 


1,436 


1933 


122 


158 


42,336 


* 


57 


21,093 


* 


19 


1,393 


1934 


127 


163 


42,270 


* 


68 


23,320 


* 


21 


1,531 


1935 


128 


173 


42,916 


* 


69 


24,235 


* 


20 


1,585 


1936 


133 


183 


42,552 


50 


76 


26,414 


33 


• 20 


1,726 


1937 


134 


194 


42,727 


52 


82 


26,926 


37 


22 


1,929 


1938 


128 


195 


42,742 


49 


76 


26,835 


36 


21 


1,783 


1939 


129 


200 


42,637 


52 


85 


31,465 


37 


20 


1,752 


1940 


136 


215 


42,565 


59 


98 


37,898 


37 


22 


2,176 


1941 


149 


252 


42,441 


73 


117 


49,982 


40 


30 


3,206 


1942 


158 


291 


42,339 


77 


135 


56,154 


43 


48 


4,989 


1943 


170 


324 


42,346 


81 


153 


63,915 


46 


57 


6,525 


1944 


175 


372 


42,336 


84 


155 


65,928 


47 


60 


6,873 


1945 


181 


372 


42,352 


81 


147 


63,349 


47 


53 


6,380 


1946 


180 


397 


42,335 


78 


139 


55,310 


46 


43 


4,649 


1947 


184 


430 


42,322 


82 


153 


60,143 


45 


41 


3,733 


1948 


190 


512 


42,248 


83 


155 


59,080 


46 


38 


3,477 


1949f 


192 


523 


42,978 


82 


143 


56,338 


46 


35 


3,193 




Rail Line Earnings 


Other' 2 ' 
Earnings 


Gross 
Earnings 


Operating 
Expenses 


Net 
Operating 


Freight 


Passenger 


Express Other 


Total 


Revenue 


Millions of Dollars 


1926 


356 


88 


22 


12 


478 


16 


494 


390 


104 


1927 


359 


89 


22 


13 


483 


17 


499 


408 


91 


1928 


414 


91 


23 


13 


541 


23 


564 


443 


121 


1929 


• 385 


88 


23 


14 


510 


24 


534 


433 


101 


1930 


323 


74 


21 


12 


430 


24 


454 


381 


74 


1931 


260 


52 


16 


12 


340 


18 


359 


321 


38 


1932 


217 


40 


13 


10 


280 


13 


293 


257 


37 


1933 


202 


35 


11 


10 


258 


12 


270 


233 


37 


1934 


227 


38 


12 


11 


288 


13 


301 


252 


49 


1935 


236 


38 


12 


10 


296 


14 


310 


264 


46 


1936 


256 


39 


13 


11 


319 


16 


335 


283 


51 


1937 


270 


43 


13 


12 


338 


17 


355 


301 


54 


1938 


256 


41 


12 


11 


320 


17 


337 


296 


41 


1939 


286 


40 


14 


11 


351 


17 


367 


304 


63 


1940 


334 


46 


19 


13 


412 


17 


429 


335 


94 


1941 


421 


65 


17 


13 


516 


22 


538 


404 


135 


1942 


503 


99 


19 


15 


636 


28 


664 


486 


178 


1943 


569 


134 


26 


15 


744 


35 


779 


561 


218 


1944 


578 


143 


26 


15 


762 


34 


797 


635 


162 


1945 


559 


137 


28 


15 


739 


36 


775 


631 


143 


1946 


532 


110 


28 


15 


685 


34 


719 


624 


95 


1947 


608 


97 


30 


16 


751 


34 


785 


691 


94 


1948 


699 


92 


32 


17 


840 


35 


876 


808 


68 


1949f 


707 


95 


36 


18 


857 


38 


894 


831 


63 



) Originated on Canadian Railways and received from foreign connections. 
Water line. etc. * Not available. f Includes Newfoundland 



(2) Includes earnings from Telegraph and Telephone, Dining and Buffet, Storage, 



33 



.ukii.wv lDsr 



Afillions of Dollars 



XV— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTS '* 





TOTAL EXPORTS (EXCLUDING GOLD) TO 


Net 








U.K. 


Union 


Other 


Western 


Central 




Total 


Non- 
monetary 




U.S.A. 


U.K. 


Dependen- 


of 


Sterling 


Europe & 


and 


Other 


All 


Gold 








cies 


South 
Africa 


Area 
(3) 


Colonies 

(4) 


South 
America 


(5) 


Countries 


Exports 


Calendar Years 






















1940 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


90 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


99 


1948 


1,516 


719 


95 


83 


115 


307 


127 


164 


3,125 


119 


1949 


1,529 


710 


72 


76 


151 


254 


132 


99 


3,022 


139 


1950 


2,050 


472 


52 


44 


108 


201 


154 


75 


3,156 


162 


12 Mths. end'g 






















Jan. 1951 <«' 


2,108 


463 


52 


44 


113 


205 


160 


78 


3,223 


164 


Monthly 






















1949-Aug. 


117.0 


65.6 


6.5 


6.8 


8.4 


20.6 


12.8 


9.4 


247.2 


13.8 


Sept. 


116.7 


58.3 


6.2 


3.7 


10.6 


19.3 


9.5 


9.3 


233.8 


11.2 


Oct. 


150.6 


73.0 


4.7 


4.3 


8.2 


15.3 


10.4 


8.2 


274.8 


13.2 


Nov. 


171.5 


58.5 


5.3 


3.7 


13.9 


22.0 


10.0 


8.3 


293.2 


15.4 


Dec. 


159.0 


43.1 


5.2 


6.3 


14.9 


20.3 


14.7 


10.2 


273.7 


12.5 


1950-Jan. 


133.8 


48.8 


5.3 


3.7 


5.2 


11.8 


7.4 


7.9 


224.0 


15.8 


Feb. 


131.2 


29.1 


3.8 


3.2 


7.4 


10.4 


7.7 


8.8 


201.6 


11.7 


Mar. 


158.6 


32.8 


4.2 


2.5 


8.3 


11.9 


8.4 


7.6 


234.3 


13.5 


Apr. 


139.3 


25.1 


4.3 


4.1 


7.3 


8.2 


15.8 


4.9 


209.0 


11.4 


May 


178.6 


53.3 


4.6 


4.8 


16.5 


17.8 


14.0 


7.2 


296.8 


15.8 


June 


178.9 


52.9 


3.7 


5.5 


9.1 


17.6 


15.0 


6.8 


289.4 


15.0 


July 


170.1 


31.9 


4.9 


4.3 


9.7 


19.4 


11.2 


4.1 


255.5 


14.8 


Aug. 


170.9 


41.4 


3.8 


2.0 


6.1 


18.2 


14.6 


6.1 


263.2 


13.8 


Sept. 


195.5 


34.6 


5.3 


3.6 


8.2 


15.8 


17.0 


4.9 


285.0 


10.8 


Oct. 


207.2 


45.9 


4.3 


4.9 


7.0 


23.5 


15.4 


5.9 


314.0 


16.4 


Nov. 


196.0 


39.7 


4.7 


2.9 


11.9 


25.4 


13.9 


6.6 


301.0 


12.3 


Dec. 


190.5 


36.2 


3.2 


2.6 


11.4 


20.7 


13.1 


4.4 


282.0 


11.3 


1951-Jan.W 


191.2 


40.0 


4.8 


3.9 


10.4 


16.2 


14.1 


10.8 


291.4 


17.3 



Millions of Dollars 




MERCHANDISE IMPORTS* 2 '* 
















TOTAL IMPORTS (EXCLUDING GOLD) FROM 






Excess of 
Merch- 
















andise 




U.S.A. 


U.K. 
(2) 


U.K. 

Dependen- 
cies 


Union 

op 
South 
Africa 


Other 

Sterling 

Area 

(3) 


Western 
Europe & 
Colonies 

(4) 


Central 

and 

South 

America 


All 

Other 

(S) 


Total 

All 

Countries 


Exports 

over 
Merch- 
andise 
Imports 


Calendar Years 
1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


514 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


225 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


489 


1949 


1,952 


306 


107 


4 


77 


83 


193 


39 


2,760 


263 


1950< 6 > 


2,130 


403 


135 


5 


103 


114 


214 


68 


3,173 


17 


Monthly 
1949-Aug. 


143.6 


25.5 


10.2 


.3 


6.3 


6.3 


15.3 


3.9 


211.4 


35.8 


Sept. 


158.0 


21.7 


9.5 


.2 


5.6 


6.4 


16.7 


3.3 


221.4 


12.4 


Oct. 


167.6 


19.3 


11.1 


.2 


8.0 


6.8 


17.8 


3.4 


234.2 


40.7 


Nov. 


162.7 


26.4 


10.1 


.4 


8.5 


8.4 


18.8 


4.2 


239.5 


53.8 


Dec. 


151.0 


20.6 


5.2 


.2 


4.6 


6.7 


20.3 


4.6 


213.3 


60.5 


1950-Jan. 


154.5 


26.1 


4.4 


.2 


6.2 


5.0 


12.4 


3.2 


211.9 


12.1 


Feb. 


143.1 


25.3 


4.2 


.2 


6.9 


5.9 


10.6 


3.9 


200.1 


1.5 


Mar. 


160.9 


32.7 


7.4 


.8 


6.1 


6.7 


18.3 


4.5 


237.3 


3.1 


Apr. 


162.2 


29.5 


5.7 


.2 


7.2 


6.4 


14.9 


4.7 


230.9 


21.9 


May 


195.5 


36.3 


16.0 


.6 


7.6 


8.8 


18.8 


6.5 


290.2 


6.6 


June 


188.3 


37.1 


13.4 


.4 


9.7 


10.1 


15.2 


8.3 


282.4 


6.9 


July 


170.6 


32.7 


12.6 


.3 


9.1 


9.8 


18.2 


6.1 


259.5 


3.9 


Aug. 


172.6 


34.3 


14.1 


.2 


7.3 


10.9 


21.9 


6.0 


267.3 


4.0 


Sept. 


177.4 


36.2 


14.7 


.6 


8.4 


11.0 


25.4 


6.0 


279.7 


5.3 


Oct. 


208.3 


41.6 


14.8 


.5 


12.2 


13.8 


22.0 


7.3 


320.5 


6.5 


Nov. 


214.8 


39.5 


16.0 


.8 


13.8 


15.3 


20.6 


6.5 


327.3 


26.3 


Dec 16 ' 


182.3 


32.0 


11.7 


.2 


8.3 


10.4 


16.2 


5.1 


266.3 


15.7 


1951-Jan.< 7 > 


234.7 


34.2 






• 








327.5 





* Commencing April 1, 1949, external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

(1) Includes exports of foreign produce. In the case of wheat, export figures 
are based on Board of Grain Commissioners rather than Customs data. 

(2) Imports from the United Kingdom do not include articles imported for 
the use of the armed forces of the United Kingdom. In the years 1946 and 



1947 articles admitted free under Order in Council (9213) and the item 
"Canadian Goods Returned" (9195) are excluded. 

(3) Consists of Eire, India, Pakistan, Burma, Australia, New Zealand, Iceland. 
Ceylon and Iraq. Egypt is included in All Other. 

(4) Excludes Spain, but includes Greece, Turkey, and British Sudan. 

(5) Includes Egypt. Spain, Palestine, and also Newfoundland until Marcli 31. 
1949. 



(6) Preliminary. 



(7) Estimates. 



fM-CUrtK* iyoi 



34 




MERCHANDISE TRADE* 

EXPORTS. IMPORTS AND BALANCE 

RUNNING 12-MONTH TOTALS 



MILLIONS OF DOLLARS 




DMJSDMJSDMJ DMJSDMJSDMJ 



1949 



1950 



1951 



1949 



1950 



1951 



* Excluding gold. January 1951 figures preliminary. See also footnotes to tables on page 33. 



35 



FEBRUARY 1951 



















XVI 


— MEKt 


JHANDI 


SE EXF 


'OR! 


Aiillions of Dollars 
















Compiled from "Trade 


of Co, 




Fruits 


Wheat 




Other 




Bacon 






Other 






Ott 




and 
Vegetables 


and 
Wheat 
Flourd) 


Oats 


Grains 

and 

Products 


Live 
Cattle 


and 
Hams 


Other 
Meats 


Cheese 


Milk 
Products 


Eggs 


Seeds 


Far 

'in, 
raw » 


Calendar Years 


























1929 


18 


302 


5 


26 


14 


7 


9 


19 


10 


- 


4 


2 


1932 


11 


146 


5 


17 


2 


4 


3 


9 


3 


- 


1 




1937 


16 


182 


2 


25 


16 


33 


9 


13 


5 


- 


5 


2, 


1946 


29 


417 


23 


41 


18 


66 


63 


22 


13 


27 


13 


3' 


1947 


32 


446 


12 


55 


15 


62 


41 


14 


16 


37 


17 


4 


1948 


21 


383 


23 


74 


74 


70 


65 


12 


18 


39 


50 


5 


1949 


20 


533 


19 


59 


61 


24 


44 


16 


14 


21 


44 


5 


1950 


24 


418 


17 


56 


79 


28 


47 


17 


11 


6 


31 


5 


12-Mths. ending 


























Jan. 1951 


24 


419 


17 


59 


79 


15 


47 


17 


10 


(5 


32 


5 


Monthly 


























1949— Sept. 


2.1 


40.1 


1.0 


4.4 


4.6 


.2 


4.1 


1.5 


1.0 


2.9 


.7 


3. 


Oct. 


2.2 


48.4 


3.0 


5.8 


9.5 


2.0 


5.7 


.2 


1.1 


5.6 


1.5 


4. 


Nov. 


3.5 


54.6 


3.6 


16.9 


9.5 


5.3 


6.6 


.2 


1.7 


1.4 


5.7 


4. 


Dec. 


2.2 


29.6 


3.6 


5.8 


6.3 


5.9 


5.5 


.2 


2.2 


.3 


10.0 


4. 


1950— Jan. 


1.7 


32.7 


1.8 


1.8 


5.5 


14.0 


3.4 


.1 


.9 


1.8 


3.6 


4. 


Feb. 


2.2 


23.4 


1.4 


1.5 


5.7 


1.5 


2.5 


.1 


.9 


1.4 


3.3 


5. 


Mar. 


2.9 


31.3 


1.4 


1.8 


5.7 


.8 


2.4 


.1 


1.0 


.4 


2.3 


G. 


Apr. 


1.4 


25.4 


.6 


1.6 


5.0 


.8 


2.4 


.1 


.6 


.2 


1.3 


3. 


May 


1.4 


55.1 


.6 


7.9 


6.8 


2.4 


4.0 


.1 


1.1 


.2 


1.6 


4. 


June 


.9 


45.9 


.8 


5.1 


8.6 


.8 


3.6 


2.5 


.7 


.1 


.6 


4. 


July 


1.9 


34.1 


.3 


6.0 


5.3 


.5 


5.5 


3.7 


.9 


.2 


.6 


3. 


Aug. 


1.3 


33.6 


.5 


3.6 


5.9 


.9 


5.6 


3.5 


1.1 


.3 


1.5 


4. 


Sept. 


2.2 


32.8 


1.3 


3.9 


6.7 


.6 


4.4 


2.8 


1.3 


.2 


2.1 


4. 


Oct. 


3.2 


34.3 


1.0 


5.7 


6.9 


2.0 


3.9 


2.1 


1.3 


.2 


4.5 


4. 


Nov. 


2.4 


43.2 


1.9 


6.9 


9.4 


2.4 


5.2 


1.1 


.8 


.1 


5.2 


3. 


Dec. 


2.1 


26.4 


5.0 


10.1 


7.5 


1.7 


4.3 


.3 


.4 


1.2 


4.2 


3. 


1951— Jan. 


2.2 


33.6 


2.4 


4.5 


5.5 


1.0 


3.5 


.2 


.3 


1.2 


4.9 


8. 







Other 


























Fibres 


Farm 


Machinery 


Autos. 


Other 


Other 




Aluminum 


Copper 


Lead 


Nicl 




Artificial 


& Textiles 


Imple- 


(excl. 


Trucks 


Vehicles 


Iron and 


Electrical 


and 


and 


and 


an 




Silk 


(excl. raw 
wool) 


ments & 
Machinery 


agriculture) 


& Parts 


& Parts 


Steel 


Apparatus 


Products 


Products 


Products 


Prod 


Calendar Years 


























1929 


- 


8 


20 


7 


47 


- 


16 


3 


15 


37 


11 


2 


1932 


- 


4 


2 


4 


7 


- 


4 


1 


4 


16 


3 




1937 


2 


11 


10 


11 


27 


- 


18 


4 


19 


56 


18 


5 


1946 


8 


42 


29 


16 


78 


34 


71 


21 


56 


37 


17 


5 


1947 


12 


35 


42 


41 


92 


15 


84 


19 


64 


59 


31 


6 


1948 


7 


35 


74 


41 


55 


21 


91 


17 


102 


79 


35 


7 


1949 


2 


19 


93 


32 


39 


23 


106 


12 


94 


87 


42 


9 


1950 


5 


20 


88 


26 


40 


5 


92 


11 


107 


88 


38 


10 


12-Mths. ending 


























Jan. 1951 


5 


21 


90 


27 


39 


5 


94 


12 


113 


87 


41 


10 


Monthly 


























1949— Sept. 


.1 


1.2 


4.8 


2.3 


3.1 


1.5 


9.8 


.8 


9.2 


7.2 


5.0 


6. 


Oct. 


.2 


1.0 


3.8 


3.4 


3.8 


2.2 


5.8 


1.2 


6.4 


7.1 


2.6 


6. 


Nov. 


.2 


.8 


4.9 


2.1 


2.4 


1.6 


14.1 


1.0 


2.7 


7.1 


3.0 


7.' 


Dec. 


.3 


.8 


5.3 


2.8 


3.1 


3.4 


11.6 


1.2 


11.6 


6.5 


5.1 


7. 


1950— Jan. 


.3 


1.1 


6.6 


1.3 


3.2 


.8 


4.5 


.6 


4.3 


7.1 


1.3 


9.1 


Feb. 


.2 


.8 


6.9 


1.3 


3.2 


1.8 


4.2 


.8 


6.4 


6.5 


1.9 


7. 


Mar. 


.4 


1.2 


10.5 


2.1 


2.1 


.4 


4.7 


.7 


8.3 


5.9 


1.5 


9.; 


Apr. 


.2 


.9 


9.0 


1.8 


2.6 


.9 


5.1 


.6 


8.7 


5.4 


1.2 


7.; 


May 


.3 


1.6 


10.4 


2.3 


3.6 


.1 


11.4 


1.0 


17.4 


8.9 


2.8 


9.: 


June 


.4 


2.2 


8.8 


2.6 


4.7 


.2 


9.3 


1.0 


9.7 


9.1 


3.7 


9.t 


July 


.6 


2.5 


6.7 


2.2 


4.0 


.2 


8.9 


.9 


7.7 


7.0 


1.5 


8. 


Aug. 


.8 


1.9 


5.6 


2.1 


2.4 


.2 


6.9 


.8 


9.2 


6.3 


3.5 


7.1 


Sept. 


.8 


2.6 


4.8 


2.1 


3.3 


.2 


10.2 


1.0 


3.5 


8.6 


3.5 


9.! 


Oct. 


.5 


2.1 


6.6 


2.1 


3.3 


.2 


9.8 


1.1 


14.8 


8.5 


6.4 


io.: 


Nov. 


.4 


1.6 


6.0 


2.7 


4.2 


.2 


9.1 


1.3 


3.6 


6.9 


4.9 


8.S 


Dec. 


.3 


1.8 


5.8 


3.1 


3.7 


.2 


8.1 


1.2 


13.2 


7.4 


5.9 


8.- 


1951— Jan. 


.3 


1.7 


8.5 


2.7 


1.7 


.2 


6.5 


1.2 


10.3 


6.6 


3.9 


11.* 



(1) In the case of wheat for the years 1937 and 1946 to 1951 inclusive export clearance figures are based on Board of Grain Commissioners rather than Customs da 
1670. 1700. 1710, 2005, 2015, 2020, 2025, 2060, 2065, 2066, 2070. 2075, 2080, 2085. 2090. 2095. 2100-2110, 2490, 2500-2525, 2750, 2795, 2805, 2810, 2812, 2825, 2 



hRUARY 1951 



36 



[i ODITY CLASSIFICATION 


















o Bureau of Statistics 


















Millions of Dollars 


Fish 
n (canned & 
1 salted 


Furs 


Logs 

and 

Rounds 


Planks 

and 
Boards 


Pulp wood 


Wood Pulp 


Newsprint 


Other 
Paper 


Other 

Wood 

Products 


Alcoholic 
Beverages 


Rubber 
& Products 

(incl. 
Synthetic) 




24 


23 


10 


49 


13 


44 


149 


6 


22 


30 


32 


Calendar Years 

1929 


11 


11 


3 


13 


5 


19 


83 


3 


8 


12 


7 


1932 


16 


18 


7 


45 


12 


42 


126 


10 


20 


21 


18 


1937 


45 


32 


20 


125 


29 


114 


266 


22 


50 


36 


22 


1946 


44 


29 


24 


208 


35 


178 


342 


31 


69 


28 


33 


1947 


40 


24 


26 


196 


44 


212 


383 


34 


60 


29 


33 


1948 


59 


23 


20 


160 


31 


171 


434 


19 


40 


35 


26 


1949 


63 


25 


13 


291 


35 


209 


486 


20 


61 


44 


12 


1950 


65 


28 


13 


304 


36 


219 


488 


21 


63 


45 


13 


12-Mths. ending 

Jan. 1951 


6.7 


1.6 


2.0 


15.0 


2.7 


11.5 


32.7 


1.4 


3.0 


2.9 


2.1 


Monthly 
Sept-1949 


7.8 


.5 


2.8 


19.2 


2.6 


15.1 


44.4 


1.5 


4.2 


3.8 


1.9 


Oct. 


6.6 


.5 


1.2 


17.4 


3.1 


15.1 


38.6 


1.1 


4.0 


3.4 


1.9 


Nov. 


6.4 


5.0 


.7 


15.2 


2.6 


15.7 


40.7 


1.5 


5.1 


2.8 


1.6 


Dec. 


4.4 


3.3 


1.2 


10.5 


3.0 


13.3 


38.3 


1.3 


2.5 


2.5 


.8 


Jan. -1950 


4.9 


2.0 


1.3 


13.9 


2.6 


14.0 


34.9 


1.3 


2.5 


2.6 


.8 


Feb. 


4.7 


2.0 


.9 


18.9 


2.7 


16.5 


37.5 


1.3 


4.5 


2.7 


1.0 


Mar. 


4.2 


1.7 


.7 


16.8 


1.1 


13.3 


39.0 


1.2 


3.8 


2.9 


.9 


Apr. 


4.7 


2.3 


.8 


20.5 


1.0 


16.7 


44.2 


1.2 


4.7 


3.0 


1.1 


May 


5.8 


2.0 


.9 


27.7 


2.9 


18.1 


41.4 


1.2 


5.2 


4.1 


1.0 


June 


5.5 


1.7 


1.0 


30.6 


2.8 


14.7 


39.2 


1.4 


5.0 


3.3 


.9 


July 


4.6 


1.6 


1.1 


30.3 


3.7 


17.3 


38.9 


1.4 


5.6 


4.1 


.9 


Aug. 


6.6 


2.5 


1.2 


35.9 


3.8 


19.7 


40.4 


2.1 


7.1 


3.8 


1.0 


Sept. 


5.1 


.5 


1.3 


37.4 


4.2 


21.6 


49.0 


2.1 


7.1 


4.1 


.9 


Oct. 


6.7 


.4 


1.0 


27.6 


3.7 


21.9 


40.6 


2.7 


5.9 


6.0 


1.4 


Nov. 


5.6 


5.4 


1.2 


20.8 


3.2 


21.2 


42.2 


2.5 


6.9 


4.4 


1.5 


Dec. 


6.1 


6.5 


1.2 


24.0 


3.8 


24.0 


40.7 


2.8 


4.9 


4.2 


1.6 


Jan.- 1951 



Zinc 

and 

Products 


Other 
Non- 
ferrous 
Metals 


Asbestos 


Other 
Non- 
metallic 
Minerals 


Fertilizers 


Other 
Chemicals 
& Products 


Ships 

and 

Vessels 


Aircraft 
and 
Parts 


All 

Other 

Exports 


Net Non- 
monetary 
Gold 


Total 

Exports 

(Including 

gold) 




9 


5 


13 


17 


7 


14 


1 


_ 


33 


37 


1,190 


Calendar Years 
1929 


4 


2 


3 


6 


3 


8 


- 


- 


14 


70 


560 


1932 


15 


5 


15 


16 


7 


15 


1 


- 


27 


145 


1,176 


1937 


28 


13 


24 


33 


32 


35 


19 


10 


100 


96 


2,447 


1946 


30 


17 


33 


42 


34 


49 


26 


6 


94 


99 


2,858 


1947 


42 


22 


42 


53 


36 


43 


84 


11 


93 


119 


3,209 


1948 


56 


15 


37 


36 


39 


31 


42 


25 


81 


139 


3,132 


1949 


59 


16 


63 


40 


39 


62 


23 


4 


59 


162 


3,280 


1950 


64 


16 


66 


41 


38 


63 


24 


4 


61 


164 


3,347 


12-Mths. ending 

Jan. 1951 


4.3 


1.0 


4.2 


2.3 


3.3 


2.3 


.7 


2.4 


5.3 


11.2 


242.6 


Monthly 

Sept.-1949 


4.3 


.8 


5.2 


3.1 


2.8 


2.8 


- 


5.3 


5.6 


13.2 


285.4 


Oct. 


5.5 


.8 


4.7 


3.3 


2.6 


2.4 


1.1 


2.0 


7.5 


15.4 


305.5 


Nov. 


3.8 


1.1 


5.1 


3.1 


3.8 


3.3 


3.6 


.4 


7.1 


12.5 


283.5 


Dec. 


2.3 


1.4 


4.1 


2.7 


3.9 


4.1 


_ 


.4 


4.1 


15.8 


237.3 


Jan. -1950 


3.7 


1.5 


4.4 


2.6 


2.8 


4.0 


.5 


.3 


4.7 


11.7 


211.2 


Feb. 


3.7 


.9 


5.3 


3.4 


4.6 


5.0 


- 


.6 


4.5 


13.5 


244.3 


Mar. 


3.1 


.5 


4.3 


3.2 


3.2 


3.7 


6.0 


.3 


3.9 


11.4 


216.1 


Apr. 


4.1 


1.4 


5.8 


3.4 


3.7 


6.1 


3.9 


.5 


5.6 


15.8 


310.0 


Mav 


6.0 


.9 


5.4 


3.4 


3.3 


5.7 


5.8 


.5 


4.5 


15.0 


301.8 


June 


5.9 


1.9 


4.0 


3.5 


2.6 


4.3 


.1 


.3 


4.0 


14.8 


267.3 


July 


6.1 


1.3 


5.1 


3.3 


2.4 


5.1 


2.2 


.3 


4.3 


13.8 


273.5 


Aug. 


6.0 


1.4 


6.0 


3.8 


3.1 


5.5 


3.1 


.3 


5.6 


10.8 


292.1 


Sept. 


5.3 


1.3 


6.6 


3.6 


2.8 


6.5 


1.0 


.3 


5.1 


16.4 


326.7 


Oct. 


7.4 


2.1 


6.8 


4.1 


3.1 


5.5 


.1 


.3 


6.2 


12.3 


309.6 


Nov. 


5.4 


1.1 


5.8 


3.2 


3.4 


6.1 


- 


.3 


6.6 


11.3 


289.7 


Dec. 


7.4 


1.5 


6.3 


3.5 


3.2 


6.2 


1.4 


.4 


5.6 


17.3 


305.1 


Jan.- 1951 



up of various items listed in "Trade of Canada" 
. 2S5S, 2860, 3160-3187. 



under code numbers 180. 600, 610. 690, 710, 790, 1170, 1500-1590. 1610, 1630, 1640, 1640. 1645, 1650, 1660. 



STATISTICAL SUMMARY 

I BANK OF CANADA 

Tables Charts Pages 

I Bank of Canada : 

Liabilities and Assets 37-38 

Chartered Banks: Cash in Canada and Canadian Deposits ... 37 

Chartered Banks: Ratio of Cash in Canada to Canadian Deposits . 38 

II Chartered Banks: 

Liabilities and Assets 39-40 

III General Public Holdings of Certain Liquid Assets 39-40 

IV Security Prices: 

Government Securities Payable in Canada only , 41 

Yields of Government of Canada Bonds, Payable in Canada only . 41 

Government Securities: Canada, U.K. and U.S.A 42 

Yields of Government Bonds: Canada, U.K. and U.S.A. ... 42 

V Government Bond Yields: Canada, U.K. and U.S.A 43 

VI Official Holdings of Gold and United States Dollars 43 

VII Foreign Exchange Rates 44 

United States Dollar in Canadian Funds 44 

VIII Stock Exchange Statistics 45 

IX Business Activity 45 

X Wholesale Prices 46 

XI Cost of Living 47 

Cost of Living Indexes 47 

XII Employment and Payrolls 48 

XIII Cash Income from the Sale of Farm Products 49 

Cash Income from the Sale of Farm Products 49 

XIV Construction of Dwelling Units in Canada 50 

Construction of Dwelling Units 50 

XV Merchandise Exports: Commodity Classification by Volume ... 51 

XVI Merchandise Imports: Commodity Classification by Volume ... 52 

XVII Exports and Imports by Countries 53 

XVIII U.S.A. Statistics 

Employment, Production, Construction, Inventories, Income and Prices 54 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 



Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



MARCH 1951 



37 

Millions of Dollars 



MARCH 1951 

I— BAT 













LIABILITIES 










Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other 
Deposits 


Foreign 
Currency 
Deposits (1) 


Active 

B. of C. 

Note 

Circulation 


All 
Other 

Accounts 


Tota 




Notes 
in Tills 


Deposits 

at 
B. ofC. 


Total 


Liabili 

or 

Asse 


Average of 


















~ 


Month-end Figures 




















1935—10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


290 


1937—12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


373 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


448 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,840 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,898 


1947 


152.8 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,919 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,973 


1949 


180.8 


567.7 


748.4 


98.4 


79.9 


57.4 


1,086.8 


38.7 


2,109 


1950 


192.3 


561.6 


753.9 


41.9 


206.2 


101.4 


1,100.9 


37.8 


2,242 


End of 




















1949— Dec. 


211.8 


541.7 


753.5 


30.7 


126.9 


79.6 


1,095.6 


39.5 


2,125 


1950— Jan. 


200.2 


530.7 


730.9 


94.3 


145.8 


78.6 


1,059.0 


42.1 


2,150 


Feb. 


179.5 


554.8 


734.4 


24.3 


176.4 


82.2 


1,071.1 


21.9 


2,110 


Mar. 


150.5 


567.3 


717.8 


71.2 


150.7 


79.2 


1,108.0 


36.9 


2,163 


Apr. 


165.5 


551.6 


717.1 


41.3 


199.8 


91.5 


1,104.3 


27.8 


2,181 


May 


210.6 


534.3 


745.0 


68.9 


202.7 


78.8 


1,065.3 


31.1 


2,191 


June 


154.7 


544.5 


699.2 


35.3 


215.8 


89.6 


1,121.1 


40.5 


2,201 


July 


200.3 


552.7 


753.0 


19.6 


228.9 


94.6 


1,093.9 


34.4 


2,224 


Aug. 


220.2 


568.2 


788.3 


16.7 


233.1 


106.2 


1,083.6 


36.9 


2,265 


Sept. 


179.3 


555.8 


735.1 


22.0 


258.2 


89.6 


1,139.1 


38.6 


2,282 


Oct. 


211.8 


621.7 


833.5 


39.0 


235.2 


143.3 


1,110.0 


48.3 


2,409 


Nov. 


204.1 


578.8 


782.9 


45.3 


221.0 


149.7 


1,119.4 


56.3 


2,374 


Dec. 


231.3 


578.6 


809.9 


24.7 


207.1 


133.6 


1,136.1 


39.0 


2,350 


1951— Jan. 


219.6 


537.6 


757.3 


68.3 


204.4 


136.0 


1,074.8 


53.3 


2,294 


Feb. 


202.8 


550.5 


753.3 


69.5 


204.6 


128.9 


1,092.6 


39.8 


2,288 



(1) Includes foreign exchange items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March 31, 1949. -fr May 1940 and But 
gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to the Foreign Exchange Control Be 



CHARTERED BANKS : CASH IN CANADA AND CANADIAN DEPOSITS 



MILLIONS OF OOLLARS 

850 



MILLIONS OF DOLLARS 

8500 



8000 




D S D M 

* See note (3) table II on page 40. 



VI 


ICH 1951 










38 


Ai 


4ADA 










Millions of Dollars 




ASSETS 






Silver 


Foreign* 1 ' 
Exchange 


Securities 


Advances 


All 

Other 

Accounts 




i 


Govt, of Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 






Under 2 yrs. 


Over 2 yrs. 
























Average of 
Month-end Figures 


2 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935—10 Mths. 


) 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937—12 Mths. 


3 


- 


41.7 

• 


142.8 

• 


46.2 

• 


- 


- 


189.1 

• 


.2 


6.7 


1939 




- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 




- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 




- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 




- 


.4 


1,133.3 


787.7 


25.0 


- 


1,946.0 


- 


26.7 


1948 




- 


53.1 


1,421.8 


571.9 


25.0 


4.3 


2,023.0 


- 


33.4 


1949 




— 


110.2 


1,503.3 


467.8 


25.0 


100.5 


2,096.6 


— 


35.4 


1950 

End of 




- 


74.2 


1,781.4 


227.8 


25.0 


5.5 


2,039.7 


- 


12.0 


Dec— 1949 




- 


73.2 


1,769.1 


235.4 


25.0 


5.5 


2,035.0 


_ 


42.6 


Jan. — 1950 




- 


76.8 


1,786.2 


191.1 


25.0 


5.5 


2,007.8 


- 


25.7 


Feb. 




- 


73.8 


1,655.9 


358.9 


25.0 


5.5 


2,045.4 


- 


44.6 


Mar. 




- 


86.2 


1,668.3 


371.0 


25.0 


5.5 


2,069.8 


- 


25.9 


Apr. 




- 


73.4 


1,685.7 


372.6 


25.0 


5.5 


2,088.8 


- 


29.5 


May 




- 


84.2 


1,436.7 


622.0 


25.0 


5.5 


2,089.2 


- 


28.2 


June 




- 


89.2 


1,431.0 


638.7 


25.0 


5.5 


2,100.2 


- 


35.1 


July 




- 


161.5 


1,420.4 


569.2 


25.0 


60.3 


2,074.9 


- 


28.5 


Aug. 




- 


212.3 


1,406.1 


444.6 


25.0 


170.0 


2,045.6 


- 


24.7 


Sept. 




- 


152.5 


1,381.4 


435.7 


25.0 


360.7 


2,202.9 


- 


54.0 


Oct. 




- 


127.4 


1,170.0 


662.0 


25.0 


328.1 


2,185.1 


- 


62.1 


Nov. 




- 


111.7 


1,229.3 


712.5 


25.0 


247.9 


2,214.7 


- 


24.0 


Dec. 




- 


118.1 


1,171.0 


731.5 


25.0 


200.3 


2,127.7 


_ 


48.2 


Jan.— 1951 




— 


117.5 


1,165.4 


757.0 


25.0 


168.7 


2,116.1 


- 


55.1 


Feb. 




effect to the ena 


ctment, under 


he War Measures Act, of the Foreign Exchan 


ge Acquisition 


Order and the Exchange Fund Order. Under these orders the Bank's 




ite the Bank's ti 


linimum gold 


■eserve require 


ment has been 


suspended. 













CHARTERED BANKS : RATIO OF CASH IN CANADA TO CANADIAN DEPOSITS 

PERCENT PERCENT 




MONTHLY AVERAGE OF DAILY FIGURES 



1 2- MONTH MOVING AVERAGE 
PLOTTED ON TWELFTH MONTH 



39 



MARCH 1951 



II-CHA1 



Millions of Dollars 






















Ba 




LIABILITIES 












Notes 


Deposits 


Cash 
in (j; 
Canada 


Securities 




Demand 


Notice 


Govt, of 

Canada 

and Prov. 


Canadian 
Deposits 

(i) 


Foreign 


Total 
Deposits 

(2) 


Govt, of 
Canada 


Prov- 
incial 


Foreign 
Govt. 


Otl 


As at Dec. 31 


























1929 


175 


729 


1,434 


92 


2,270 


442 


2,820 


228 


297 


151 


1932 


127 


466 


1,378 


72 


1,928 


329 


2,306 


211 


562 


216 


1937 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


1,111 


59 


84 


1948 


16 


2,544 


4,057 


426 


7,099 


811 


8,002 


738 


2,959 


476 


242 


W 


1949 


14 


2,426 


4,433 


367 


7,348 


730 


8,177 


753 


3,112 


445 


242 


54 


1950 


- 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 


59 


End of 


























1950— Jan. 


1<») 


2,406 


4,494 


296 


7,287 


744 


8,125 


731 


3,144 


423 


251 


M 


Feb. 


- 


2,391 


4,537 


349 


7,350 


728 


8,191 


734 


3,165 


424 


252 


54 


Mar. 


- 


2,399 


4,572 


429 


7,490 


719 


8,307 


718 


3,240 


416 


229 


Sfi 


Apr. 


- 


2,330 


4,560 


411 


7,382 


737 


8,226 


717 


3,185 


410 


235 


5fi 


May 


- 


2,453 


4,557 


407 


7,504 


758 


8,372 


745 


3,185 


410 


243 


57 


June 


- 


2,538 


4,538 


371 


7,552 


745 


8,409 


699 


3,057 


407 


238 


57 


July 


- 


2,493 


4,529 


265 


7,389 


742 


8,233 


753 


3,017 


419 


225 


58 


Aug. 


- 


2,618 


4,543 


412 


7,672 


728 


8,522 


788 


3,258 


416 


215 


58 


Sept. 


- 


2,709 


4,582 


306 


7,659 


709 


8,569 


735 


3,188 


424 


230 


59 


Oct. 


- 


2,822 


4,559 


358 


7,887 


706 


8,724 


834 


3,173 


404 


201 


57 


Nov. 


- 


2,824 


4,543 


452 


7,995 


716 


8,845 


783 


3,081 


416 


205 


57 


Dec. 


- 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 


59 


1951— Jan. 


- 


2,638 


4,577 


533 


7,884 


724 


8,739 


757 


3,054 


401 


188 


60 


Feb. 




2,612 


4,618 


445 


7,841 


734 


8,702 


753 


2,887 


398 


190 


61 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. (3) Until March 1935: Gold and Coin in Canada, I 

end Canadian deposits in 1926-35 and monthly average deposits in 1936 and after. (5) Bank of Canada notes in public circulation and chartered bank note circul 
standing notes issued for circulation in Canada transferred to Bank of Canada during January 1950. 



Ill— GENERAL PUBLIC HOLDtt 
Currency, Bank Deposits > 



Millions of Dollars 






















Ba 




Currency and Active Bank Deposits 






Currency 
Outside Banks 






Active Bank Deposits 






To 
Curr 

ar 




Chartered Banks 


(7) 

Bank of 




























Notes »> 


Coin< J > 


Total 


(» 
Demand 


Active < 4 > 
Notice 


Other<») 
excl. 
Govt. 


Total 


Deduct^ 
Float 


Net 
Total 


Canada 
"Other" 
Deposits 


Total 


Acl 

Ba 

Dep 














of Canada 












As at Dec. 31 


























1948 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


4,3 


1949 


1,110 


74 


1,184 


2,426 


682 


338 


3,446 


335 


3,111 


127 


3,238 


4,4 


1950 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,< 


End of 


























1950— Jan. 
Feb. 


1,059 


72 


1,131 


2,406 


692 


318 


3,416 


307 


3,109 


146 


3,255 


4,2 


1,071 


72 


1,143 


2,391 


699 


330 


3,420 


326 


3,094 


176 


3,270 


*,< 


Mar. 


1,108 


73 


1,181 


2,399 


704 


372 


3,475 


361 


3,114 


151 


3,265 


4,4 


Apr. 


1,104 


74 


1,178 


2,330 


704 


351 


3,385 


280 


3,105 


200 


3,305 


4,4 


May 


1,065 


73 


1,138 


2,453 


702 


348 


3,503 


365 


3,138 


203 


3,341 


4,4 


June 


1,121 


75 


1,196 


2,538 


699 


351 


3,588 


475 


3,113 


216 


3,329 


4,! 


July 


1,094 


75 


1,169 


2,493 


695 


318 


3,506 


355 


3,151 


229 


3,380 


4,' 


Aug. 


1,084 


75 


1,159 


2,618 


696 


323 


3,637 


351 


3,286 


233 


3,519 


4,1 


Sept. 


1,139 


77 


1,216 


2,709 


699 


389 


3,797 


352 


3,445 


258 


3,703 


4,! 


Oct. 


1,110 


77 


1,187 


2,822 


695 


437 


3,954 


451 


3,503 


235 


3,738 


4,i 


Nov. 


1,119 


77 


1,196 


2,824 


694 


419 


3,937 


476 


3,461 


221 


3,682 


4,1 


Dec. 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,i 


1951— Jan. 


1,075 


76 


1,151 


2,638 


702 


395 


3,735 


402 


3,333 


204 


3,537 


4,1 


Feb. 


1,093 


76 


1,169 


2,612 


709 


415 


3,736 


448 


3,288 


205 


3,493 


4,1 



•jf The term General Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings see Table III. page 5 in the January Statistical Summary, 
f Chartered banks' Newfoundland branch statistics are included as from 
April 1st. 1949. 

y^-^The whole of the increase or decrease in Canada's foreign exchange reserves 
is embodied in the related factors in this table; to the extent that such 
changes do not appear in the column "Bank of Canada Gold and Exchange 
Holdings (net)" they affect changes in "Government of Canada Direct 
and Guaranteed Funded Debt." 

(1) Note Circulation of Bank of Canada and, prior to 1950, of the chartered 
banks; excluding notes held by chartered banks. 



(2) 

(3) 
(4) 



(5) 
(6) 
(7) 



Subsidiary coin issued by the Mint less coin held by Bank of Canada and 

chartered banks in Canada. 

Chartered banks' public demand deposits in Canada. 

Chartered banks' public notice deposits in Canada other than estimated 

aggregate quarterly minimum balances in personal savings accounts and 

non-personal notice deposits. 

Chartered banks' Canadian dollar deposits of provincial governments. 

and of Canadian, United Kingdom, and foreign banks. 

Cheques on other banks as shown in chartered bank month-end returns 

to the Minister of Finance. 

Other Deposits with the Bank of Canada as shown in published month-end 

statements — i.e. excluding Government of Canada, chartered bank and 

foreign currency deposits. 



RCH 1951 

unks 



TS 



Call 



262 
103 
76 
101 
133 
134 

100 
84 
83 
103 
105 
145 

94 
99 
101 
115 
164 
134 

118 
109 



Loans 



CANADA 



Current 
Public 



1,403 

964 

749 

2,077 

2,174 

2,651 

2,164 
2,182 
2,218 
2,226 
2,234 
2,293 

2,287 
2,294 
2,352 
2,449 
2,611 
2,651 

2,671 
2,736 



Current 
Other 



122 
140 
113 
71 
97 
125 

100 
117 
126 
123 
118 
115 

98 
98 
121 
116 
126 
125 

124 
136 



ABROAD 



Call 



245 
91 
60 
78 
70 

100 

76 
75 
76 
98 
87 
90 

95 

95 

110 

117 

96 

100 

113 

114 



Current 



251 
152 
166 
240 
211 
247 

210 
215 
209 
212 
214 
222 

223 
220 
233 
230 
234 
247 

252 
256 



Total 

Assets 



3,521 
2,852 
3,281 
8,580 
8,718 
9,496 

8,664 
8,717 
8,839 
8,770 
8,912 
8,950 

8,796 
9,102 
9,162 
9,323 
9,450 
9,496 

9,379 
9,354 



40 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in o) 
Canada 


Deposits 


Canadian 


Note cs) 




(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


711 


6,547 


10.9 


1,053 


1948 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


750 


7,247 


10.3 


1,064 


Jan.— 1950 


722 


7,190 


10.0 


1,060 


Feb. 


723 


7,304 


9.9 


1,070 


Mar. 


748 


7,417 


10.1 


1,078 


Apr. 


742 


7,394 


10.0 


1,070 


May 


724 


7,419 


9.8 


1,071 


June 


755 


7,433 


10.1 


1,084 


July 


781 


7,369 


10.6 


1,082 


Aug. 


734 


7,557 


9.7 


1,096 


Sept. 


812 


7,786 


10.4 


1,107 


Oct. 


779 


7,881 


9.9 


1,111 


Nov. 


792 


7,847 


10.1 


1,131 


Dec. 


802 


7,890 


10.2 


1,079 


Jan.— 1951 


728 


7,766 


9.4 


1,083 


Feb. 



id "Free" Central Gold Reserve Deposits: after that date: Bank of Canada Notes and Deposits. (4) Figures given are averages of estimated month- 

Hng, since September 1944, an approximate figure only. (6) Notes issued for circulation outside Canada only commencing in January: liability for out- 



J RTAIN LIQUID ASSETS*t 

tilENT OF CANADA SECURITIES 



Millions of Dollars 



1 

i Govt, of 
. Canada 
l Securities 


Total 


Related Factors** 




Govt, of Canada Direct and Guaranteed Funded Debt (9) 


Bank< 13 > 
Loans 


Bk.ofCan 


Deduct 




Held by Bk. of Can. < 


Si Ch. Bks. 


Held by Other Investors 






Deduct <"> 






Deduct 




& Non- 


Exchange 


All 
Other 
(Net) 

(M) 




| (9)(10)(1S) 




Total 

(10) 


Govt, of 
Canada 


Net 
Total 


Total 


Securities 
held by all 


Net 
Total 


Invest- 
ments 


Holdings 
(Net) 










Deps. 






Govt. A eels 
































As at Dec. 31 


10,249 


17,992 


4,972 


320 


4,652 


11,506 


1,257 


10,249 


3,341 


- 


250 


1948 


9,904 


18,077 


5,121 


181 


4,940 


10,700 


796 


9,904 


3,419 


- 


186 


1949 


10,069 


18,781 


5,021 


280 


4,741 


10,916 


847 


10,069 


3,950 


226 


205 


1950 
End of 


9,888 


18,076 


5,149 


163 


4,986 


10,693 


805 


9,888 


3,359 


- 


157 


Jan. — 1950 


9,835 


18,086 


5,142 


116 


5,026 


10,623 


788 


9,835 


3,381 


- 


156 


Feb. 


9,803 


18,118 


5,255 


217 


5,038 


10,593 


790 


9,803 


3,437 


- 


160 


Mar. 


9,772 


18,112 


5,224 


182 


5,042 


10,551 


779 


9,772 


3,455 


- 


157 


Apr. 


9,711 


18,045 


5,243 


215 


5,028 


10,495 


784 


9,711 


3,461 


- 


155 


May 


9,869 


18,233 


5,116 


160 


4,956 


10,665 


796 


9,869 


3,559 


- 


151 


June 


9,819 


18,202 


5,087 


68 


5,019 


10,631 


812 


9,819 


3,502 


- 


138 


July 


9,840 


18,366 


5,248 


204 


5,044 


10,646 


806 


9,840 


3,521 


116 


155 


Aug. 


10,020 


18,822 


5,039 


1 


5,038 


10.835J 


815 


10,020t 


3,618 


293 


147 


Sept. 


10,068 


18,857 


4,990 


108 


4,882 


10,906 


838 


10,068 


3,681 


370 


144 


Oct. 


10,184 


18,912 


4,913 


253 


4,660 


11,046 


862 


10,184 


3,921 


306 


159 


Nov. 


10,069 


18,781 


5,021 


280 


4,741 


10,916 


847 


10,069 


3,950 


226 


205 


Dec. 


10,099 


18,662 


4,956 


344 


4,612 


10,947 


848 


10,099 


3,943 


182 


174 


Jan. — 1951 


10,076 

i 


18,647 


4,809 


266 


4,543 


10,922 


846 


10,076 


4,022 


157 


151 


Feb. 



Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits in 
Canada. 

Direct and guaranteed securities (including refundable taxes). Direct 
debt includes both matured and unmatured issues outstanding, exclusive 
of sinking fund holdings; guaranteed debt is included on the basis of the 
total unmatured issues outstanding; Newfoundland debt assumed by 
the Government of Canada has been included since June 1949. Foreign 
pay securities have been valued at official mid-rates of exchange to 
September 30, 1950, and at market rates thereafter. 
Chartered banks' temporary advances to the general public in connection 
with the purchase of Victory Loan Bonds at time of issue, amounting to 
106, 261, 271, and 411 in the years 1942 to 194S inclusive, have been 



(11) 
(12) 
(13) 



(14) 

I 



included in bank holdings of Government securities and deducted from 

holdings of the general public. 

Canadian dollar deposits of the Government of Canada at chartered 

banks and Bank of Canada. 

Holdings of all investors other than Bank of Canada, chartered banks 

and Government of Canada accounts. 

All loans in Canada of the chartered banks other than temporary advances 

in connection with Victory Loan issues, plus chartered banks' holdings 

of provincial, municipal and "other" securities, and Bank of Canada 

holdings of Industrial Development Bank Capital stock. 

Net of all related asset and liability items not shown elsewhere in this table. 

Excludes $50 million (U.S. funds) borrowed in New York to redeem an 

issue falling due on October 1st. 



41 



IV— SECURITY PRICES 

Bank of Canada 





Government of Canada Bonds Payable in Canada Only 






Based on Middle of the Market quotations 






Average of Business Days 


15th of Each Month 






Theoretical 


Theoretical 


Theoretical 


Theoretical 




3% Perpetuals 


15 Year 


9 Year 


5 Year 


2 Year 






Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 














1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.92 


1.39 


1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


1947 


104.00 


2.73 


2.57 


2.25 


1.75 


1.43 


1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 


1949 


100.88 


2.93 


2.83 


2.64 


2.24 


1.66 


1950 


101.70 


2.87 


2.78 


2.67 


2.22 


1.81 


Monthly 














1949— Nov. 


103.00 


2.78 


2.69 


2.56 


2.13 


1.65 


Dec. 


102.40 


2.82 


2.75 


2.63 


2.17 


1.65 


1950— Jan. 


101.89 


2.86 


2.75 


2.62 


2.18 


1.73 


Feb. 


101.58 


2.88 


2.73 


2.60 


2.16 


1.73 


Mar. 


101.78 


2.86 


2.73 


2.60 


2.16 


1.72 


Apr. 


101.78 


2.86 


2.77 


2.63 


2.18 


1.73 


May 


102.14 


2.84 


2.75 


2.61 


2.17 


1.74 


June 


102.29 


2.82 


2.73 


2.59 


2.10 


1.74 


July 


101.86 


2.86 


2.77 


2.67 


2.14 


1.77 


Aug. 


102.05 


2.84 


2.75 


2.64 


2.15 


1.74 


Sept. 


102.41 


2.81 


2.71 


2.62 


2.17 


1.76 


Oct. 


101.82 


2.86 


2.75 


2.68 


2.22 


1.83 


Nov. 


100.95 


2.93 


2.88 


2.84 


2.42 


2.02 


Dec. 


99.89 


3.00 


2.99 


2.97 


2.55 


2.17 


1951— Jan. 
Feb. 


99.44 


3.02 


3.02 


3.00 


2.63 


2.26 


99.41 


3.02 


3.02 


3.00 


2.60 


2.27 


Mar. 


96.68 


3.10 


3.25 


3.21 


2.89 


2.70 



YIELDS OF GOVERNMENT OF CANADA BONDS 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15lh of each month 




1037 1936 (939 1940 1941 1942 1943 1944 1945 1946 1947 1946 1949 1950 1951 



(1) Prior to 1940 figures are for the 1st of month. (2) 1937 figures are for the 1st of the month; 1938-39 figures are for average of month. 
(3) April 1st. 



J.CH 1951 



42 









IV— SECURITY PRICES 
















Bank of Canada 








Government Bonds 


3 Month Treasury Bills 


Average of Business Days 


Tender Rate Nearest 15th of Month 


Canada (1) 


U. K.< J > 


U.S.A.<»> 




U K 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 








Annual Average 
1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


1947 


104.84 


2.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.592 


1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


All 


.509 


1.037 


1949 


101.54 


2.85 


100.00 


2.93 


103.21 


2.24 


.485 


.521 


1.096 


1950 


102.23 


2.77 


97.38 


3.19 


103.00 


2.24 


.552 


.516 


1.215 


Monthly 
1949— Aug. 


101.71 


2.83 


95.68 


3.30 


104.09 


2.17 


.512 


.525 


1.007 


Sept. 


101.96 


2.81 


96.72 


3.23 


104.45 


2.14 


.510 


.514 


1.058 


Oct. 


103.04 


2.70 


96.18 


3.27 


104.51 


2.13 


.512 


.524 


1.050 


Nov. 


103.08 


2.69 


95.11 


3.34 


104.76 


2.11 


.512 


.523 


1.056 


Dec. 


102.65 


2.73 


97.17 


3.20 


104.88 


2.10 


.512 


.519 


1.115 


L950— Jan. 


102.65 


2.73 


95.84 


3.29 


104.80 


2.10 


.512 


.524 


1.101 


Feb. 


102.71 


2.72 


96.47 


3.25 


104.25 


2.14 


.513 


.524 


1.131 


Mar. 


102.70 


2.72 


95.68 


3.31 


103.76 


2.18 


.512 


.525 


1.131 


Apr. 


102.39 


2.75 


96.72 


3.23 


103.37 


2.21 


.513 


.512 


1.160 


May 


102.68 


2.72 


97.01 


3.21 


103.15 


2.23 


.514 


.513 


1.165 


June 


102.55 


2.73 


98.08 


3.14 


102.91 


2.25 


.512 


.514 


1.177 


July 


102.20 


2.77 


96.72 


3.23 


102.73 


2.26 


.512 


.512 


1.168 


Aug. 


102.41 


2.75 


97.10 


3.21 


102.69 


2.26 


.546 


.513 


1.173 


Sept. 


102.88 


2.70 


98.11 


3.14 


102.41 


2.29 


.615 


.514 


1.311 


Oct. 


102.16 


2.77 


99.29 


3.05 


102.16 


2.31 


.623 


.514 


1.337 


Nov. 


101.21 


2.87 


99.26 


3.05 


101.98 


2.32 


.624 


.513 


1.380 


Dec. 


100.24 


2.97 


98.30 


3.12 


101.73 


2.35 


.626 


.519 


1.351 


1951— Jan. 


99.94 


3.01 


98.34 


3.12 


101.96 


2.32 


.626 


.511 


1.391 


Feb. 


99.94 


3.01 


96.44 


3.26 


101.87 


2.33 


.728 


.513 


1.391 


Mar. 


97.88 


3.17 


96.27 


3.28 


100.19 


2.48 


.755 


.512 


1.402 


overnment of Canada 3 
! J63-68 is not eligible for 


% due Sept. 1 
:ommercial ba 


, 1961-66. 
nks before Dec 


(2) United 
. 1, 1952. 


Kingdom 3% 


due Apr. 15, 1959-69. 


(3) U.S. Treasury 2M% due Dec. 15. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS : CANADA, U.K. AND U.S.A. 

Daily Opening Quotations 



2 0% 



2 0% 



22% 



2 4% 




* Security is not eligible for commercial banks before Dec. 1, 1952. 



43 



MARCH 1951 



GOVERNMENT BOND YIELDSt 

Bank of Canada 



1948 



June 30iSept.30 Dec. 31 



1949 



Mar.3l|june30JSept.30|Dec. 31 



1950 



Mar. 31 June 30 Sept. 29|Dec. 30 



Government of Canada 



Internal Issues 

1^% due Nov. 1, 1952"'. 

3% due Nov. 1, 1953/56 

3% due June 1, 1957/60 

3% due Sept. 1, 1961/66 

New York Issues 
3^4% due Jan. 15, 1956/61. 
2%% due Sept. 1, 1974">.. 
AY 2 % due July 1, 1957*... 



2.45 
2.81 
2.94 



2.69 
2.82 



2.42 
2.85 
2.98 



2.71 
2.87 



2.34 
2.78 
2.93 



2.51 
2.68 



2.37 
2.71 
2.93 



2.22 
2.46 



2.39 
2.70 
2.91 



2.22 
2.54 



2.36 
2.62 
2.74 



2.31 
2.73 
2.53 



1.72 
2.34 
2.59 
2.72 



1.97 
2.64 
2.24 



1.76 
2.35 
2.63 
2.77 



2.01 
2.61 
2.17 



1.79 
2.35 
2.62 
2.78 



2.24 
2.70 
2.50 



1.80 
2.47 
2.65 
2.74 



2.15 
2.72 
2.52 



2.17 
2.76 
3.02 
3.02 



2.35 
2.70 
2.59 



2.67 
3.16 
3.19 
3.22 



2.91 
2.96 
2.95 



United States Government 



l%% due Mar. 15,1954"'. 

2Y 2 % due Mar. 15, 1956/58 

2Y 2 % due Dec. 15, 1963/68 

2Yi% due Dec. 15, 1967/72 



1.98 
2.40 
2.48 



2.04 
2.41 
2.48 



1.93 
2.37 
2.47 



1.77 
2.33 
2.43 



1.59 
2.25 
2.38 



1.51 
2.13 
2.30 



1.31 
1.46 
2.08 
2.24 



1.40 
1.54 
2.19 
2.35 



1.46 
1.62 
2.27 
2.42 



1.57 
1.67 
2.30 
2.44 



1.62 
1.80 
2.35 
2.45 



2.01 
2.17 
2.53 
2.56 



United Kingdom Government 



2^4% due Feb. 15, 1955"). 

3% due Oct. 15, 1955/59 
2Y% due May 1, 1964/67 

3% due Aug. 15, 1965/75 



2.38 
2.81 
3.03 



2.34 
2.74 
2.96 



2.18 
2.61 
2.86 



2.15 
2.57 
2.86 



2.65 
2.86 
3.11 



2.55 
3.02 
3.37 



2.49 
3.07 
3.39 



2.23 
2.54 
3.10 
3.44 



2.05 
2.42 
3.03 
3.43 



1.88 
2.32 
2.88 
3.22 



1.84 
2.25 
2.95 
3.26 



1.79 
2.25 
3.15 
3.43 



t Based on approximate market bid side. 



(1) New issue. 



* Canadian National Railways (Guaranteed by Canada). 



Millions of U.S. Dollars 



VI— OFFICIAL HOLDINGS OF GOLD AND U.S. DOLLARS* 

Department of Finance 



Jan. 



Feb. 



Mi 



Apr. 



May 



June 



July 



Aug. 



Sept. 



Oct. 



Nov. 



Dec. 



1948 



Gold 

U.S. Dollars.... 


296.0 
215.0 


305.3 
222.2 


313.5 
294.0 


322.7 
345.7 


331.2 
362.9 


340.4 
401.5 


350.7 
418.0 


359.9 
454.3 


370.9 
484.0 


380.1 
512.1 


388.9 
579.3 

968.2 


401.3 
596.5 


Total 


511.0 


527.5 


607.5 


668.4 


694.1 


741.9 


768.7 


814.2 


854.9 


892.2 


997.8 



1949 



Gold 

U.S. Dollars.... 


407.2 
614.7 


406.6 
637.3 


408.1 
659.1 


397.7 
593.5 


409.7 
567.5 


419.3 
557.6 


427.2 
545.9 


439.7 
547.4 


450.2 
535.1 


461.7 
545.7 


475.4 
593.0 

1,068.4 


486.4 
630.7 


Total 


1,021.9 


1,043.9 


1,067.2 


991.2 


977.2 


976.9 


973.1 


987.1 


985.3 


1,007.4 


1,117.1 



1950 



Gold 


500.3 
649.1 


500.7 
675.2 


502.3 
689.9 


502.3 
674.9 


506.2 
676.2 

1,182.4 


509.5 
745.9 


521.8 

798.7 

1,320.5 


533.4 
970.8 

1,504.2 


542.8 
1,246.8 

1,789.6 


558.5 
1,268.3 

1,826.8 


570.1 
1,217.3 

1,787.4 


580.2 


U.S. Dollars.... 


1,161.5 


Total 


1,149.4 


1,175.9 


1,192.2 


1,177.2 


1,255.4 


1,741.7 













1951 














Gold 

U.S. Dollars.... 


596.2 
1,147.4 

1,743.6 


607.1 
1,134.8 


610.4 
1,043.0 




















Total 


1,741.9 


1,653.4 





* Gold and United States Dollars held by the Exchange Fund Account and Bank of Canada and United States Dollars held by Other Government of Canada 
Accounts; not including any part of an amount of $98.8 million in U.S. Funds borrowed in the United States in August 1949 by the Government of Canada and 
set aside for the purpose of retiring an equal amount of certain securities payable in U.S. dollars in following months. Also excludes, in September 1950 only. 
an amount of $50.0 million set aside from reserves, as well as $50.0 million obtained through a bond issue in New York, to redeem a Government of Canada 
issue of $100 million, payable in U.S. dollars and falling due on October 1st. 



MUCH 1951 



44 



'* 



r per unit 



VII— FOREIGN EXCHANGE RATES 

Bank of Canada 

OFFICIAL RATES* 



U. S. Dollar in Canada 



Buying 



Selling 



Mid-rate 



£ Sterling in Canada 



Buying 



Selling 



Mid-rate 



1939 - Sept. 16 (,) 

1945 - Oct. 15 (,) 

1946 - July 6 (1) 
1949 - Sept. 20 (I) 



110.00 
110.00 
100.00 
110.00 



111.00 
110.50 
100.50 
110.50 



110.50 
110.25 
100.25 
110.25 



443.00 
443.00 
402.00 
307.25 



447.00 
445.00 
404.00 
308.75 



445.00 
444.00 
403.00 
308.00 



MARKET RATESt 



U. S. Dollar in Canada 



High 



Low 



Noon aver. 



£ Sterling in Canada 



High 



Low 



Noon aver. 



Business Days 

1950— Oct. 
Nov. 
Dec. 

1951— Jan. 
Feb. 

Mar. 



107.00 
104.84 
106.00 

105.94 
105.38 
105.25 



104.56 
103.25 
104.59 

104.75 
104.41 
104.44 



105.34 
104.03 
105.31 

105.17 
104.92 
104.73 



299.60 
293.50 
296.75 

296.50 
295.00 

294.75 



292.78 
289.25 
293.00 

293.50 
292.44 
292.50 



294.96 
291.23 
294.86 

294.46 
293.86 
293.29 



Rates established by the Government commencing from the institution of exchange control on Sept. 16, 1939. 

Dates on which official rates were established or changed. 

Commencing Oct. 2, 19S0, official rates of exchange were discontinued; market rates are the quotations for transactions between banks in the exchange 

narket. 



UNITED STATES DOLLAR IN CANADIAN FUNDS* 

CANADIAN DOLLARS CANADIAN DOLLARS 



07 



06 



.05 



.04 



.03 







BUSINE! 


>S DAYS 




























At 


v\ 


iv 


NOON - 
LOW- 


V«— HIGH j 

*l A 1 






yf T 


V 


r 



























.07 



1.06 



.05 



.04 



1.03 



NOV. 
1950 



DEC 



* Market rates; see footnote to table above. 



FEB. 
1951 



45 



MARCH 1951 



VIII— STOCK EXCHANGE STATISTICS 

Montreal and Toronto Stock Exchange Bulletins 





Market Value of all 


Value ofd) 


TORONTO STOCK EXCHANGE "QUOTED VALUE INDEX"U) 




Listed StockUJU) 


shares traded 

during 

month 

Toronto & 

Montreal 




OF LISTED 


STOCK BY 


INDUSTRIAL GROUPS 






Montreal 


Toronto 


Paper 


Senior 
Gold 


Base 

Metal 


Oil 


Construction 
and Steel 


Textile 




Millions of Dollars 


Index, December 31, 1940 = 100 


Monthly Average* 




















1940 


4,303 


4,060 


19 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1941 


3,911 


3,654 


11 


93.9 


70.3 


101.2 


99.1 


93.0 


92.2 


1942 


3,633 


3,356 


9 


85.7 


68.2 


95.8 


120.0 


93.5 


92.2 


1943, 


4,657 


4,462 


24 


132.6 


96.7 


94.3 


149.1 


99.8 


104.1 


1944 


4,936 


5,005 


33 


212.7 


100.1 


102.6 


146.3 


127.0 


117.7 


1945 


5,958 


6,358 


75 ■ 


345.8 


140.8 


139.5 


164.3 


159.3 


148.5 


1946 


7,464 


7,521 


102 


364.2 


92.2 


135.4 


129.1 


164.8 


165.2 


1947 


7,287 


7,136 


63 


371.6 


96.0 


130.3 


136.9 


160.9 


162.6 


1948 


7,385 


7,308 


64 


349.8 


86.7 


146.5 


160.5 


168.0 


174.6 


1949 


7,210 


7,242 


63 


404.3 


99.1 


140.2 


171.3 


182.7 


180.1 


1950 


8,675 


8,884 


131 


601.1 


81.1 


178.0 


203.5 


241.1 


220.1 


Monthly 




















1950— Jan. 


7,752 


7,911 


89 


398.5 


95.1 


137.2 


164.9 


183.0 


178.9 


Feb. 


7,796 


7,918 


73 


413.7 


93.7 


135.1 


160.5 


184.4 


184.9 


Mar. 


7,889 


8,097 


93 


432.4 


95.6 


137.1 


167.4 


188.3 


178.9 


Apr. 


8,396 


8,585 


135 


472.2 


98.6 


138.9 


182.9 


193.9 


181.3 


May 


8,609 


8,900 


153 


512.6 


96.1 


145.9 


184.1 


195.6 


194.4 


June 


8.254 


8,485 


182 


473.3 


87.2 


138.3 


176.5 


192.0 


182.5 


July 


8,380 


8,630 


111 


494.5 


78.3 


146.4 


189.2 


192.9 


181.3 


Aug. 


8,966 


9,258 


104 


512.7 


82.3 


160.8 


202.7 


212.7 


195.6 


Sept. 


9,341 


9,537 


146 


533.2 


86.9 


164.6 


206.7 


218.9 


200.3 


Oct. 


9,406 


9,592 


195 


538.3 


83.9 


167.1 


201.3 


226.4 


207.2 


Nov. 


9,358 


9,501 


164 


555.2 


79.0 


164.0 


188.3 


230.0 


211.9 


Dec. 


9,948 


10,193 


121 


601.1 


81.1 


178.0 


203.5 


241.1 


220.1 


1951— Jan. 


11,990 


11,232 


254 


641.2 


95.5 


196.8 


237.6 


262.6 


253.1 


Feb. 


11,018 


11,216 


256 


627.8 


97.8 


191.3 


246.1 


259.7 


266.0 



(1) Including Curb market. (2) Month-end figures. 

(3) Obtained by multiplying the last monthly price of each stock by its outstanding shares. The index is made up of these figures with Dec. 31. 1940 arbitrarily 
chosen as its base. A new listing is taken into account in the second month when a percentage increase or decrease can be calculated against its group. 
* Quoted value indexes are for December only. 

IX— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





Production 


Res- 
idential 
Con- 


Car 


Value 
of 


Employ- 
ment 
Index 


Aggregate 
Payrolls 














Index 










News- 


Central 


struction 


Loadings 


Department 


(3) 


(3) 




Gold 


Nickel 


Steel 


print 

(i) 


Electric 

Stations' 2 ' 


Contracts 
Awarded 




Store Sales 


Unadjusted 


Unadjusted 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 




Millions 








Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 


Thousands 


of Dollars 


1939 = 100 


1939 = 100 


AnnualTotalsM' 






















1932 


3,044 


15 


380 


2,186 


12,296 


29 


2,180 


254 


(5) 


(5) 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


289 


(S) 


(S) 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


158.3 


245.2 


1948 


3,530 


132 


3,202 


4,983 


40,607 


373 


4,060 


805 


165.0 


282.9 


1949 


4,124 


129 


3,187 


5,176 


42,103 


464 


3,907 


856 


165.5 


303.7 


1950 


4,448 


123 


3,384 


5,279 


46,083 


542 


3,906 


873 


168.0 


321.8 


12-mths. ending 






















Feb. 1951 


4,469* 


124* 


3,427 


5,340 


47,219 


538 


3,976 


890 


170.2 


329.8 


Monthly 
1949— Nov. 


362.8 


9.8 


259.7 


436.8 


3,629 


31.3 


352 


93.0 


170.3 


317.6 


Dec. 


373.2 


10.8 


263.9 


414.9 


3,747 


28.5 


301 


114.3 


170.1 


317.4 


1950— Jan. 


354.3 


10.2 


289.9 


417.0 


3,783 


24.0 


271 


49.7 


163.8 


295.9 


Feb. 


349.9 


9.6 


258.1 


399.2 


3,434 


20.3 


282 


50.2 


158.3 


296.4 


Mar. 


383.3 


9.3 


294.3 


451.6 


3,801 


30.2 


330 


67.3 


157.9 


300.5 


Apr. 


369.7 


11.2 


279.3 


422.8 


3,656 


43.0 


292 


67.4 


159.0 


303.8 


May 


373.8 


11.0 


290.9 


459.9 


3,804 


54.2 


338 


73.7 


159.7 


305.8 


June 


368.9 


10.8 


276.4 


441.0 


3,706 


63.7 


354 


69.3 


166.0 


315.3 


July 


368.4 


9.3 


264.2 


439.3 


3,715 


74.2 


332 


55.3 


170.8 


328.3 


Aug. 


376.5 


7.7 


281.3 


466.4 


3,849 


48.5 


275 


60.8 


172.5 


332.5 


Sept. 


364.9 


11.7 


274.9 


437.6 


3,852 


56.3 


363 


78.3 


174.1 


328.0 


Oct. 


376.8 


10.3 


293.9 


450.4 


4,102 


54.8 


385 


83.8 


177.1 


346.6 


Nov. 


378.8 


11.9 


289.5 


456.7 


4,143 


44.0 


369 


98.2 


178.1 


351.7 


Dec. 


383.1 


10.3 


291.2 


430.6 


4,241 


28.5 


314 


118.9 


179.2 


356.3 


1951— Jan. 


374.5 


10.9 


309.7 


453.0 


4,367 


16.0 


331 


58.3 


175.3 


338.2 


Feb. 






281.4 


425.1 


3,983 


25.0 


294 


58.4 


172.4 


351.0 



(1) Source; Newsprint Association of Canada. Includes Newfoundland. (2) Total output less exports and secondary power. Includes Newfoundland 

commencing January 1950 (3) 9 Leading industries. First of month figures. (4) Average of months in case of Employment and Payrolls Indexes. 

*12-months ending Jan. 1951. (5) Not available. 



■ RCH 1951 






















X— WHOLESALE PRI 










Index 1935-39 = 100 








CANADA 












Dominion Bureau 












of Statistics 








Farm Products* 


Raw & 


Fully & 












Partly 


Chiefly 


Total 










Manu- 


Manu- 




Field 


Animal 


Total 


factured 


factured 




A rage of Months 














1926 


158.5 


130.2 


144.4 


129.1 


133.0 


130.3 


1927 


149.4 


127.8 


138.6 


129.0 


128.3 


127.3 


1928 


134.3 


138.2 


136.3 


125.9 


126.3 


125.6 


1929 


137.2 


144.4 


140.8 


126.1 


123.7 


124.6 


1930 


105.8 


133.3 


119.5 


107.5 


116.1 


112.9 


1931 


65.0 


92.7 


78.9 


83.2 


99.5 


94.0 


1932 


60.4 


70.5 


65.5 


75.5 


92.8 


86.9 


1933 


69.3 


69.2 


69.3 


79.3 


93.3 


87.4 


1934 


80.5 


86.5 


83.5 


89.9 


97.7 


93.4 


1935 


84.4 


94.1 


89.2 


93.8 


94.7 


94.4 


1936 


102.2 


93.7 


97.9 


97.9 


96.1 


96.7 


1937 


128.9 


106.0 


107.4 


114.1 


104.4 


107.8 


1938 


100.9 


104.8 


102.9 


99.2 


103.5 


101.9 


1939 


83.7 


101.5 


92.6 


95.1 


101.9 


99.3 


1940 


85.4 


106.7 


96.1 


103.5 


109.9 


108.2 


1941 


88.9 


124.4 


106.6 


115.0 


118.8 


116.6 


1942 


109.7 


144.6 


127.1 


123.7 


123.7 


123.3 


1943 


129.0 


161.8 


145.4 


132.1 


126.9 


128.3 


1944 


144.5 


166.1 


155.3 


135.3 


129.1 


130.9 


1945 


160.4 


170.2 


165.3 


137.2 


129.8 


132.4 


1946 


172.9 


181.2 


177.0 


141.0 


138.0 


139.2 


1947 


179.1 


200.2 


189.7 


165.2 


162.4 


163.6 


1948 


195.6 


263.7 


229.6 


197.7 


192.4 


193.9 


1949 


186.9 


265.4 


226.2 


198.9 


199.2 


198.8 


1950 


181.7 


281.4 


231.5 


216.4 


211.0 


212.4 


Monthly 














1 8— Jan. 


198.6 


238.8 


218.7 


187.2 


184.7 


185.1 


Feb. 


194.7 


238.5 


216.6 


186.5 


185.9 


185.8 


Mar. 


194.0 


241.0 


217.4 


186.2 


185.8 


185.7 


Apr. 


198.8 


245.5 


222.1 


189.4 


187.3 


187.7 


May 


205.8 


251.2 


228.4 


192.0 


188.4 


189.4 


June 


213.3 


265.1 


239.1 


197.0 


190.0 


192.1 


July 


209.9 


270.3 


240.0 


197.0 


190.9 


192.7 


Aug. 


190.7 


285.8 


238.2 


208.0 


197.6 


200.2 


Sept. 


184.6 


287.9 


236.2 


207.5 


199.1 


201.1 


Oct. 


184.4 


280.9 


232.7 


206.4 


199.1 


201.5 


Nov. 


186.2 


278.6 


232.4 


207.5 


200.0 


202.2 


Dec. 


186.7 


280.4 


233.6 


208.1 


200.3 


202.7 


\\9— Jan. 


187.7 


276.7 


232.2 


206.5 


200.7 


202.4 


Feb. 


185.5 


266.3 


225.9 


203.0 


199.4 


200.4 


Mar. 


183.7 


264.7 


224.2 


202.7 


199.5 


200.4 


Apr. 


184.9 


264.1 


224.5 


199.7 


200.2 


199.8 


May 


186.0 


264.3 


225.2 


196.5 


200.1 


198.6 


June 


190.4 


269.9 


230.1 


195.6 


199.8 


198.1 


July 


193.3 


269.3 


231.3 


195.1 


199.2 


195.5 


Aug. 


187.1 


269.3 


228.2 


194.3 


197.8 


196.4 


Sept. 


186.9 


263.3 


225.1 


195.1 


197.0 


196.1 


Oct. 


186.8 


257.6 


222.2 


198.2 


199.2 


198.5 


Nov. 


185.6 


259.3 


222.5 


200.1 


199.2 


199.2 


Dec. 


184.8 


259.9 


222.4 


199.9 


198.6 


198.7 


50— Jan. 


184.9 


253.5 


219.2 


200.1 


200.3 


199.9 


Feb. 


184.3 


259.6 


222.0 


201.9 


201.0 


200.9 


Mar. 


187.8 


266.0 


226.9 


203.5 


202.4 


202.4 


Apr. 


189.7 


268.0 


228.8 


205.9 


203.0 


203.6 


May 


190.4 


272.8 


231.6 


210.4 


204.1 


205.8 


June 


192.7 


289.1 


240.9 


218.2 


207.1 


210.3 


July 


192.2 


296.4 


244.3 


222.8 


209.2 


213.2 


Aug. 


174.2 


298.5 


236.3 


225.0 


213.6 


216.9 


Sept. 


172.6 


297.1 


234.9 


230.2 


221.5 


223.8 


Oct. 


170.2 


286.8 


228.5 


224.0 


220.8 


221.3 


Nov. 


170.3 


290.5 


230.4 


225.8 


223.2 


223.7 


Dec. 


170.6 


298.4 


234.5 


229.2 


225.5 


226.4 


51— Jan. 


173.5 


310.9 


242.2 


235.6 


233.6 


233.8 


Feb. 


177.9 


329.6 


253.7 


241.7 


240.0 


240.0 



U.S.A. 

Bureau 
of Labor Statistics™ 



Farm 
Products 


Raw 
Materials 


Manu- 
factured 
Products 


Total 


131.6 


130.2 


120.8 


124.1 


130.8 


125.7 


114.7 


118.4 


139.3 


129.0 


115.8 


120.0 


138.0 


127.0 


114.1 


118.2 


116.2 


109.8 


106.3 


107.2 


85.3 


85.4 


93.0 


90.6 


63.4 


71.7 


84.9 


80.4 


67.6 


73.6 


85.1 


81.8 


85.9 


89.3 


94.4 


92.9 


103.7 


100.4 


99.3 


99.3 


106.4 


104.0 


99.0 


100.2 


113.7 


110.4 


105.3 


107.1 


90.1 


93.8 


99.3 


97.5 


85.9 


91.4 


97.1 


95.7 


89.1 


93.6 


98.6 


97.5 


108.4 


108.7 


107.6 


108.3 


139.3 


131.0 


119.1 


122.6 


161.3 


146.0 


120.9 


127.9 


162.2 


147.4 


121.7 


129.0 


168.8 


152.2 


122.9 


131.3 


195.5 


175.1 


139.9 


149.9 


238.1 


215.4 


176.1 


188.5 


247.9 


232.4 


192.5 


204.9 


217.7 


213.2 


182.6 


192.2 


224.3 


224.6 


189.4 


200.4 


262.1 


239.5 


190.8 


205.8 


243.8 


227.7 


186.8 


199.8 


244.7 


227.5 


188.4 


200.5 


245.7 


228.5 


190.5 


202.2 


248.8 


231.3 


191.5 


203.7 


257.9 


237.8 


192.9 


206.5 


256.8 


240.0 


196.5 


209.4 


252.0 


237.4 


198.8 


210.7 


249.9 


235.7 


198.1 


209.6 


241.4 


230.5 


193.6 


205.2 


237.9 


228.1 


191.8 


203.5 


233.3 


224.2 


190.3 


201.5 


227.0 


220.4 


188.6 


199.3 


221.4 


215.9 


186.0 


196.2 


225.7 


217.8 


186.1 


196.5 


224.3 


215.9 


184.8 


194.7 


225.3 


216.0 


183.0 


193.2 


222.1 


214.2 


182.0 


191.7 


218.7 


212.5 


180.8 


190.4 


213.6 


210.0 


180.4 


189.7 


214.6 


210.9 


181.3 


190.6 


210.0 


208.7 


180.1 


188.8 


206.3 


208.9 


178.9 


188.1 


203.8 


207.7 


178.7 


187.6 


203.6 


208.1 


179.0 


188.0 


209.3 


211.5 


180.1 


189.5 


209.7 


212.0 


179.8 


189.5 


209.6 


211.6 


180.4 


189.7 


216.7 


216.5 


183.8 


193.4 


218.3 


218.4 


185.4 


195.2 


231.6 


228.9 


190.8 


202.1 


233.7 


233.2 


194.7 


206.5 


237.4 


236.7 


198.1 


210.3 


233.9 


234.6 


197.5 


209.8 


241.7 


240.2 


199.4 


213.0 


246.6 


243.6 


204.0 


217.5 


255.5 


250.8 


209.1 


223.4 


266.6 


259.1 


212.0 


227.8 



46 



U.K. 

Board of 
Trade™ 



Vdjusted to 1935-39 = 100 from base 1926 = 100. 

Adjusted to 1935-39 = 100 from base 1913 = 100 in the years 1926 to 1929 inclusive and from base 1930 = 100 thereafter. 

in independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. 

nents are included and the series revised whenever such payments are announced. 



Participation pay- 



47 



Index 1935-39=100 



MARCH 1951 



XI— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 














1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


1949 


203.0 


131.1 


183.1 


123.0 


167.6 


128.8 


160.8 


1950 


210.9 


138.3 


182.3 


132.9 


169.2 


132.6 


166.5 


First of Month 
















1949— July 


207.2 


129.1 


183.3 


123.4 


167.5 


128.5 


162.1 


Aug. 


209.2 


129.5 


183.2 


123.4 


167.4 


128.9 


162.8 


Sept. 


207.0 


130.1 


183.5 


123.9 


167.4 


128.9 


162.3 


Oct. 


205.0 


134.1 


184.1 


123.9 


167.2 


130.2 


162.2 


Nov. 


203.3 


135.1 


183.7 


123.9 


167.4 


130.2 


161.7 


Dec. 


201.9 


135.2 


183.7 


125.0 


167.1 


130.5 


161.5 


1950— Jan. 


199.4 


135.6 


183.3 


125.0 


167.0 


131.6 


161.0 


Feb. 


201.3 


135.9 


183.0 


125.0 


166.4 


132.1 


161.6 


Mar. 


204.0 


136.3 


181.4 


132.7 


166.3 


132.1 


163.7 


Apr. 


204.5 


138.0 


181.2 


132.7 


166.4 


132.3 


164.0 


May 


204.6 


137.5 


180.8 


132.7 


166.4 


132.3 


164.0 


June 


209.0 


137.1 


180.7 


132.7 


166.9 


132.4 


165.4 


July 


214.3 


137.7 


180.7 


134.9 


166.9 


132.5 


167.5 


Aug. 


216.7 


138.4 


180.9 


134.9 


168.9 


132.5 


168.5 


Sept. 


218.8 


140.8 


182.3 


135.5 


171.1 


132.8 


169.8 


Oct. 


220.1 


141.0 


183.5 


135.5 


172.7 


133.3 


170.7 


Nov. 


218.6 


140.6 


184.5 


136.4 


174.8 


133.4 


170.7 


Dec. 


218.8 


140.7 


184.9 


136.4 


176.4 


134.1 


171.1 


1951— Jan. 


220.2 


141.5 


187.1 


136.4 


179.8 


135.8 


172.5 


Feb. 


224.4 


141.7 


192.4 


136.4 


185.1 


137.0 


175.2 


Mar. 


233.9 


146.5 


196.3 


137.6 


188.6 


137.8 


179.7 



Components were selected and weighted on the basis of 1938 family incomes ranging from $4S0-$2,500, with incomes between $l,00O-$l,600 most common. 



INDEX 1935-39 = 100 



COST OF LIVING INDEXES 

FIRST OF MONTH FIGURES 



INDEX 1935-39=100 





DJFMAMJJASOND 



DJ FMAMJJASOND 



140 



130 



120 



1951 



0^ 



X 



RENT 



^e 



-\ 



1950 



• 


CLOTHING 




f^— 1951 


1949—, 




fc "*«- 


I 


=====2^*^== 




1— l£50 


-*«^ 




| | 


1 T 



195 



an- 185 



175 



DJFMAMJJA SONO 



DJFMAMJJASOND 



fRCH 1951 



48 









XII— EMPLOYMENT AND PAYROLLS* 














INDEX NUMBERS OF EMPLOYMENT 








ruK 1939 = 


WO 






Dominion Bureau of Statistics 












Forestry 
(chiefly 
logging) 








Trans- 






Finance, 








Mining 


Manu- 
facturing 


Con- 
struction 


portation & 
Communi- 
cations 


Public 
Utilities 


Trade 


Insurance, 

Real 

Estate 


Services 


Total 


v of Months 






















1947 


237.7 


94.2 


171.0 


138.1 


159.6 


139.1 


146.2 


134.9 


166.4 


158.3 


1948 


220.0 


103.4 


176.0 


153.8 


165.7 


161.3 


156.0 


141.4 


174.4 


165.0 


1949 


158.9 


106.4 


175.9 


161.2 


167.3 


181.3 


162.0 


147.4 


175.9 


165.5 


1950 (1) 


160.1 


112.2 


177.5 


165.0 


167.2 


183.6 


167.2 


155.3 


177.7 


168.0 


~\ of Month 






















ft— Mar. 


197.5 


101.5 


174.2 


124.3 


159.0 


170.7 


155.2 


146.1 


167.9 


159.6 


Apr. 


138.7 


101.8 


174.2 


126.9 


161.4 


170.9 


156.2 


146.0 


169.0 


158.5 


May 


94.7 


102.1 


174.4 


145.5 


163.1 


173.7 


158.3 


146.0 


171.3 


159.7 


June 


133.0 


104.7 


175.8 


159.6 


167.7 


181.4 


159.6 


146.3 


175.8 


164.0 


July 


145.5 


106.0 


177.7 


171.9 


171.9 


187.6 


160.6 


147.3 


183.4 


168.1 


Aug. 


125.7 


109.2 


176.7 


188.4 


174.9 


192.0 


160.5 


147.4 


188.0 


168.9 


Sept. 


121.3 


110.6 


179.1 


191.1 


174.6 


193.7 


160.7 


147.7 


186.5 


170.2 


Oct. 


134.7 


109.7 


178.7 


190.3 


172.6 


189.2 


165.3 


150.2 


178.4 


170.5 


Nov. 


172.6 


110.1 


177.0 


186.0 


169.5 


186.8 


168.3 


150.3 


175.7 


170.3 


Dec. 


185.7 


109.8 


175.2 


179.4 


168.6 


186.1 


175.2 


150.6 


174.9 


170.1 


9 I— Jan. 


179.9 


107.4 


171.0 


143.2 


163.1 


182.3 


176.1 


151.0 


172.7 


163.8 


Feb. 


144.3 


107.8 


170.4 


131.4 


157.2 


178.8 


160.6 


151.5 


171.4 


158.3 


Mar. 


135.3 


108.2 


171.5 


127.7 


156.3 


175.8 


160.2 


152.4 


168.4 


157.9 


Apr. 


119.7 


109.0 


172.0 


134.1 


159.5 


175.6 


161.0 


154.0 


171.3 


159.0 


May 


80.1 


109.2 


172.5 


145.5 ' 


161.8 


177.2 


162.4 


154.1 


174.3 


159.7 


June 


116.3 


111.7 


175.3 


172.7 


167.9 


183.7 


163.6 


154.5 


178.9 


166.0 


July 


147.2 


114.8 


178.6 


184.7 


171.5 


188.9 


165.3 


155.6 


186.3 


170.8 


Aug. 


149.4 


115.1 


179.6 


190.8 


175.6 


193.4 


164.6 


156.1 


188.2 


172.5 


Sept. 


161:9 


115.0 


182.5 


194.4 


171.4 


191.7 


165.7 


155.7 


187.9 


174.1 


Oct. 


193.4 


115.6 


185.6 


189.2 


175.1 


186.7 


170.5 


159.5 


182.5 


177.1 


Nov. 


233.7 


116.0 


185.4 


185.8 


173.9 


185.5 


174.2 


159.9 


176.7 


178.1 


Dec. 


260.5 


116.8 


185.3 


180.4 


173.1 


183.3 


181.8 


159.6 


173.4 


179.2 


{j.— Jan. 


258.3 


115.2 


182.4 


158.8 


168.0 


180.4 


184.3 


159.6 


172.0 


175.3 































INDEX NUMBERS OF PAYROLLSt 








» ix 1939 = 


wo 






Dominion Bureau of Statistics 












Forestry 
(chiefly 
logging) 








Trans- 






Finance 








Mining 


Manu- 
facturing 


Con- 
struction 


portation & 
Communi- 
cations 


Public 

Utilities 


Trade 


Insurance, 

Real 

Estate 


Services 


Total 


^ -.of Months 






















! 1947 


486.4 


141.5 


272.7 


259.6 


229.7 


192.9 


211.0 


178.6 


258.7 


245.2 


' 1948 


495.8 


175.9 


314.1 


315.1 


263.6 


247.5 


247.0 


195.8 


292.7 


282.9 


1949 


368.5 


191.0 


339.2 


354.0 


282.0 


295.9 


275.0 


214.5 


308.8 


303.7 


1 1950 (U 


388.2 


211.2 


360.2 


379.9 


286.5 


317.9 


301.9 


233.7 


320.1 


321.8 


It of Month 






















M9— Mar. 


467.9 


182.5 


337.2 


279.5 


269.7 


276.4 


261.3 


211.1 


297.6 


294.3 


Apr. 


341.6 


182.4 


338.4 


283.9 


271.1 


277.1 


263.6 


214.0 


298.7 


293.0 


May 


245.5 


179.3 


338.0 


313.9 


273.3 


282.7 


269.3 


214.7 


306.4 


294.0 


June 


307.4 


182.6 


331.8 


338.5 


279.2 


293.5 


270.6 


216.0 


310.4 


296.3 


July 


349.4 


189.8 


341.6 


380.9 


288.1 


306.5 


275.3 


217.8 


323.4 


308.0 


Aug. 


297.6 


195.7 


339.2 


412.3 


293.1 


311.7 


276.5 


217.2 


327.4 


309.8 


Sept. 


301.8 


197.7 


345.0 


424.5 


296.0 


316.6 


275.3 


217.2 


325.5 


313.8 


Oct. 


309.1 


200.5 


349.5 


424.5 


292.7 


308.8 


282.9 


219.2 


312.0 


316.3 


Nov. 


381.2 


207.3 


348.1 


417.1 


290.5 


310.9 


289.0 


219.3 


309.4 


317.6 


Dec. 


419.3 


207.4 


346.7 


400.9 


287.9 


312.7 


297.3 


219.9 


311.0 


317.4 


0— Jan. 


394.3 


188.1 


324.3 


296.7 


277.2 


303.1 


299.3 


220.0 


301.3 


295.9 


Feb. 


322.4 


199.6 


337.4 


295.1 


264.2 


306.7 


282.1 


221.4 


304.6 


296.4 


Mar. 


327.9 


204.0 


342.8 


301.5 


269.9 


301.4 


281.6 


225.3 


305.4 


300.5 


Apr. 


288.9 


206.1 


346.6 


313.0 


274.4 


301.8 


283.9 


231.8 


309.8 


303.8 


May 


213.5 


206.1 


348.4 


334.5 


277.5 


307.5 


287.6 


232.4 


318.2 


305.8 


June 


270.7 


205.0 


352.3 


387.5 


288.4 


317.6 


290.6 


233.2 


321.5 


315.3 


July 


350.2 


216.2 


364.1 


423.0 


296.5 


326.7 


296.7 


235.5 


332.4 


328.3 


Aug. 


366.3 


219.8 


366.7 


437.6 


303.7 


333.6 


296.9 


235.2 


333.5 


332.5 


Sept. 


407.7 


211.7 


369.9 


449.7 


261.8 


332.2 


297.5 


234.3 


329.7 


328.0 


Oct. 


481.1 


220.9 


385.1 


447.8 


309.1 


329.3 


307.6 


243.7 


334.2 


346.6 


Nov. 


587.5 


226.0 


389.7 


444.8 


305.9 


324.9 


371.1 


245.3 


326.8 


351.7 


Dec. 


647.5 


230.5 


394.6 


427.0 


309.8 


329.6 


328.1 


245.9 


324.1 


356.3 


il — Jan. 


635.4 


217.1 


373.5 


344.9 


299.5 


322.6 


333.9 


246.2 


318.0 


338.2 


As reported 


by establislim 


ents with not 


ess than 15 em 


ployees. Inch 


ides casual am 


i part-time em 


ployees. 








Gross payrc 


lis before dedu 


ctions made fo 


r income tax, e 


tc. Includes c 


vertime and ci 


>st of living pa 


yments. 








As reported 


first of month 


, for the last p 


ay period in th 


e previous mor 


ith. 













49 



Millions of Dollars 



MARCH 1951 



XIII— CASH INCOME FROM THE SALE OF FARM PRODUCTS* 

Dominion Bureau of Statistics 









BY PRODUCTS 








BY REGIONS 




- 
























Total 




Field 


(i) 
Participa- 
tion & 


Livestock 


Dairy 

Products 


All 


Total 


Maritimes 


Ontario 
and 


Western 


Total 


(lncl. 

Certain 

Govt 




Crops 


Equaliza- 
tion Payts. 




Poultry & 
Eggs 


Other 






Quebec 


Provinces 




Payment*) 


Calendar Years 
























1926 


561 


- 


193 


165 


44 


963 


40 


354 


570 


963 


963 


1927 


525 


- 


195 


176 


46 


941 


39 


352 


550 


941 


941 


1928 


618 


- 


210 


193 


51 


1,072 


40 


381 


651 


1,072 


1,072 


1929 


482 


- 


215 


189 


50 


936 


40 


373 


524 


936 


936 


1930 


274 


- 


158 


167 


41 


641 


38 


305 


298 


641 


641 


1931 


178 


_ 


112 


130 


31 


450 


27 


229 


194 


450 


450 


1932 


186 


- 


80 


97 


25 


389 


21 


174 


193 


389 


389 


1933 


191 


- 


84 


101 


27 


402 


24 


181 


197 


402 


402 


1934 


232 


- 


112 


118 


31 


492 


28 


210 


254 


492 


492 


1935 


231 


- 


131 


124 


33 


519 


32 


223 


265 


519 


519 


1936 


254 


_ 


149 


140 


37 


580 


35 


253 


293 


580 


580 


1937 


263 


- 


186 


152 


39 


640 


38 


293 


310 


640 


640 


1938 


296 


- 


157 


169 


39 


661 


36 


300 


324 


661 


661 


1939 


333 


- 


179 


166 


39 


717 


35 


309 


373 


717 


719 


1940 


291 


- 


226 


184 


47 


748 


38 


338 


372 


748 


758 


1941 


314 


_ 


302 


230 


51 


896 


45 


421 


431 


896 


926 


1942 


347 


- 


374 


314 


63 


1,099 


58 


530 


512 


1,099 


1,154 


1943 


516 


- 


445 


367 


79 


1,407 


71 


585 


752 


1,407 


1,438 


1944 


778 


47 


514 


400 


90 


1,829 


75 


628 


1,126 


1,829 


1,847 


1945 


644 


10 


526 


422 


93 


1,696 


79 


691 


926 


1,696 


1,702 


1946 


668 


39 


503 


431 


101 


1,742 


87 


738 


917 


1,742 


1,759 


1947 


768 


79 


496 


497 


127 


1,967 


90 


832 


1,045 


1,967 


1,979 


1948 


841 


180 


726 


578 


138 


2,463 


105 


1,021 


1,338 


2,463 


2,484 


1949 


845 


220 


754 


537 


139 


2,495 


102 


1,027 


1,365 


2,495 


2,512 


1950t 


709 


50 


821 


506 


138 


2,224 


108 


1,041 


1,074 


2,224 


2,237 



* Excludes Newfoundland. 

(1) Wheat participation and adjustment payments, oats and barley equalization payments and flax-seed adjustment payments. The wheat participation and 
adjustment payments for the years 1944 to 1950 inclusive amounted to 47, 10. 39, 74, 158. 211 and 8 million dollars respectively. 

(2) Payments under the Wheat Acreage Reduction Act, the Prairie Farm Assistance Act and the Prairie Farm Income Act. t Preliminary. 



.(» 



MILLIONS OF DOLLARS 

3000 



2000 



CASH INCOME FROM THE SALE OF FARM PRODUCTS' 

TOTAL CALENDAR YEARS FIELD CROPS MILLIONS OF DOLLARS 

1200 



1000 



(1) 
PARTICIPATION £ 

EQUALIZATION . 

PAYMENTS 



























1938 39 40 41 42 43 44 45 46 47 48 49 50 

LIVESTOCK 




1938 39 40 41 42 43 44 45 46 47 48 49 50 

DAIRY PRODUCTS 2 ' 




1200 



1938 39 40 41 42 43 44 45 46 47 48 49 




1938 39 



42 43 44 45 



(1) Includes wheat and coarse grain at the initial price, plus retroactive participation and equalization payments in the year in which payment 
takes place. 

(2) Includes poultry and eggs. 



J 



ACH 1951 



50 



XIV— CONSTRUCTION OF DWELLING UNITS IN CANADA (1) 

Dominion Bureau of Statistics 



lendar 
'ears 



Under 

Con- 
struction 
January 1 



Started 

during 

year 



Completed During Year 



One Family 
Detached 



Two Family 
Detached 



Apartment 
or Flat 



Other 



Total 



Adjust- «> 
ments 



Under 
Con- 
struction 
December31 



1949 



Scotia 
trunswick 



a i :oba 
sltchewan 

, ta 

ih 
C umbia 



it da 



203 
2,748 
1,069 
13,848 
21,112 
2,632 
1 ,853 
5,262 

7,729 
56,456 



375 
2,636 
2,012 
24,196 
34,023 
5,039 
3,061 
8,465 

9,702 
89,509 



252 
3,023 
1,560 
8,301 
29,146 
4,203 
3,201 
8,999 

9,737 
68,422 



14 

6,542 

462 

84 

8 

56 

70 
7,250 



25 
199 
7,404 
1,804 
520 
364 
186 

460 
10,962 



28 

665 

28 

3 

170 



899 



258 
3,056 
1,801 
22,912 
31,440 
4,807 
3,576 
9,411 

10,272 
87,533 



263 



28 


292 


2 


2,326 


6 


1,274 


148 


14,984 


110 


23,585 


83 


2,781 


114 


1,452 


7 


4,309 



7,166 
58,169 



1950 



rt jundland 

E 

j» Scotia 

•jjirunswick 

:c 

io 

toba 

tchewan 

ta 

h 

umbia 



i«da (3) 



1,334 

292 

2,326 

1,274 

14,984 

23,585 

2,781 

1,452 

4,309 

7,166 

59,503 



2,090 

333 

2,705 

2,323 

28,515 

33,430 

4,072 

2,904 

8,623 

7,536 

92,531 



1,714 

361 

2,452 

2,044 

12,589 

27,942 

4,290 

2,813 

6,804 

7,676 

68,685 



2 

4 

52 

126 

6,668 

188 

40 

126 

170 

7,376 



10 

69 

266 

7,852 

3,064 

258 

318 

703 

12,540 



11 



414 



- 


1,716 


- 


375 


- 


2,573 


109 


2,545 


128 


27,237 


124 


31,318 


24 


4,612 


- 


2,813 


18 


7,266 



8,560 
89,015 



20 
13 
26 
23 
841 
1,366 
43 
41 
60 

74 

2,481 



1,688 

263 

2,432 

1,029 

15,421 

24,331 

2,198 

1,502 

5,606 

6,068 

60,538 



xluding dwelling units added by conversion of existing structures, which amounted to 3,422 and 2,739 on the years 1949 and 1950 respectively, 
ljustments for dwellings on which construction has ceased or when completed contain more or less dwelling units than were reported when construction 
mmenced. (3) Newfoundland included for 1950 only. 



CONSTRUCTION OF DWELLING UNITS 



THOUSANDS OF UNITS 

2001 



CANADA* 



INDEX 1948 = 100 

130 



INDEX OF RESIDENTIAL 
BUILDING COSTS 




THOUSANDS OF UNITS 

60 



120 40 



110 



100 



90 



20 



20 



PROVINCIAL DISTRIBUT I ON 
■STARTED DURING YEAR 

-COMPLETED DURING YEAR 

QUE. 



-UNDER CONST JAN I 



THOUSANDS OF UNITS 

60 



1950 




1949 50 51 



1949 50 51 



1949 50 51 



* Includes Newfoundland for 1950 and 51. 
(1) Composite index of wage rates in the construction industry with wholesale prices of residential building materials. 



51 MARCH 195 

XV— MERCHANDISE EXPORTS : COMMODITY CLASSIFICATION BY VOLUME' 1 ' 

Compiled from "Trade of Canada", Dominion Bureau of Statistics. 



Calendar 
Years 


Wheat' 2 ' 


Wheat 
Flour 


Oats, 

Barley, 

Rye 


Live 
Cattle 


Beef 


Bacon 

and 

Hams 


Cheese 


Milk 
(powdered 
condensed 
evapo- 
rated) 


Fish 
(fresh 

and 
frozen) 


Fish 

(canned 

and salted 

etc.) 


Planks 

and 
Boards 


Pulpwo 




mm. bus. 


mm. bbls. 


mm. bus. 


.000 


.000 cwt. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. ft. 


.000 cor 


1926 


250 


10 


59 


242 


241 


93 


135 


41 


121 


314 


2,132 


1,392 


1927 


255 


9 


48 


295 


519 


58 


111 


40 


116 


294 


2,066 


1,542 


1928 


365 


11 


63 


245 


460 


41 


114 


32 


131 


326 


1,724 


1,532 


1929 


211 


10 


27 


254 


301 


29 


93 


32 


122 


295 


1,755 


l,29, r 


1930 


208 


8 


7 


63 


78 


15 


80 


25 


105 


262 


1,489 


1,331 


1931 


195 


6 


39 


56 


37 


13 


85 


20 


97 


260 


938 


957 


1932 


228 


5 


34 


33 


41 


36 


87 


25 


84 


174 


674 


52i, 


1933 


192 


6 


11 


65 


95 


73 


74 


28 


100 


203 


1,018 




1934 


168 


5 


24 


60 


149 


120 


61 


26 


110 


178 


1,368 


923 


1935 


166 


5 


23 


135 


127 


125 


56 


24 


128 


195 


1,337 


99? 


1936 


203 


5 


32 


285 


115 


158 


82 


20 


143 


178 


1,750 


1,111. 


1937 


106 


4 


17 


322 


161 


196 


89 


33 


140 


184 


1,858 


1,54.) 


1938 


107 


4 


25 


179 


54 


171 


81 


35 


126 


160 


1,667 


1,58* 


1939 


126 


5 


33 


293 


38 


188 


91 


34 


154 


176 


2,113 


1,392 


1940 


144 


7 


19 


234 


31 


346 


107 


47 


162 


162 


2,452 


1,404 


1941 


213 


11 


16 


254 


62 


465 


92 


75 


197 


215 


2,282 


1,662 


1942 


153 


11 


22 


216 


139 


528 


142 


67 


181 


218 


2,166 


1,80* 


1943 


218 


13 


125 


63 


97 


563 


130 


46 


210 


189 


1,726 


1,408 


1944 


277 


14 


132 


59 


1,032 


696 


131 


46 


225 


192 


1,862 


1,391 


1945 


342 


14 


97 


80 


1,899 


450 


135 


102 


252 


222 


1,977 


1,577 


1946 


183 


15 


40 


105 


1,306 


289 


106 


77 


256 


259 


2,069 


1,759 


1947 


150 


18 


23 


83 


426 


236 


56 


80 


203 


271 


2,726 


1,883 


1948 


145 


12 


54 


371 


1,228 


205 


40 


90 


212 


221 


2,460 


2,188 


1949 


211 


10 


52 


421 


1,002 


67 


53 


72 


205 


251 


2,181 


1,503 


1950 


162 


10 


41 


459 


840 


79 


63 


56 


133 


142 


3,575 


1,612 





Wood 
Pulp 


News- 


Autos 
and 


Aluminum 
(unmanu- 


Copper 

(unmanu- 


Lead 
(unmanu- 


Zinc 
(unmanu- 


Nickel 

(unmanu- 


Silver 

(unmanu- 


Asbestos 
(unmanu- 


Fertilizer 


Non- 
Monet; 


Calendar 
Years 


print 


Trucks 


factured) 


factured) 


factured) 


factured) 


factured) 


factured) 


factured) 




Gold 




.000 tons 


.000 tons 


.000 


.000 tons 


.000 tons 


.000 tons 


.000 tons 


.000 tons 


.000 fine oz 


.000 tons 


.000 tons 


.OOOfin 


1926 


1,006 


1,732 


74 


13 


59 


108 


92 


32 


21,132 


278 


100 


1,66,' 


1927 


879 


1,882 


57 


26 


67 


126 


102 


35 


21,416 


263 


129 


1,79- 


1928 


864 


2,207 


79 


21 


95 


135 


139 


49 


21,408 


265 


151 


1,771 


1929 


831 


2,515 


102 


38 


123 


122 


84 


55 


21,938 


292 


222 


1,871 


1930 


760 


2,331 


45 


23 


115 


116 


101 


46 


24,252 


236 


172 


1,76' 


1931 


623 


2,008 


14 


13 


98 


110 


120 


32 


18,666 


159 


74 


2,35- 


1932 


452 


1,777 


13 


10 


133 


109 


88 


16 


16,992 


112 


124 


3,0K 


1933 


609 


1,838 


20 


18 


124 


146 


94 


44 


14,101 


149 


141 


2,64 


1934 


606 


2,400 


43 


22 


156 


153 


141 


59 


12,409 


158 


175 


3,13. 


1935 


662 


2,575 


64 


31 


199 


147 


148 


71 


18,327 


200 


192 


3,28* 


1936 


755 


2,993 


56 


30 


206 


165 


162 


87 


16,131 


294 


254 


3.7K 


1937 


871 


3,455 


66 


50 


219 


185 


170 


111 


20,389 


391 


273 


4,12* 


1938 


554 


2,425 


58 


66 


280 


159 


156 


99 


28,552 


289 


282 


4,49; 


1939 


706 


2,659 


59 


72 


275 


185 


179 


117 


21,031 


346 


364 


5,09t 


1940 


1,069 


3,243 


84 


87 


266 


162 


203 


125 


19,246 


337 


317 


5.29C 


1941 


1,412 


3,262 


143 


193 


215 


191 


200 


138 


17,235 


454 


352 


5.3K 


1942 


1,511 


3,005 


164 


314 


167 


217 


232 


139 


14,180 


427 


286 


4,801 


1943 


1,556 


2,810 


167 


325 


130 


160 


243 


136 


11,452 


443 


469 


3,70; 


1944 


1,408 


2,806 


145 


300 


182 


112 


214 


133 


5,967 


396 


618 


2,861 


1945 


1,435 


3,059 


123 


391 


157 


115 


221 


108 


4,956 


441 


754 


2,50: 


1946 


1,419 


3,858 


68 


196 


136 


110 


207 


112 


4,180 


520 


780 


2,60( 


1947 


1,699 


4,221 


84 


228 


142 


132 


183 


117 


10,237 


637 


791 


2,85 


1948 


1,798 


4,328 


48 


356 


178 


109 


206 


132 


8,729 


690 


692 


3,42; 


1949 


1,549 


4,705 


30 


401 


199 


135 


281 


127 


10,267 


535 


706 


3,861 


1950 


1,846 


4,938 


34 


423 


188 


136 


282 


122 


11,849 


830 


742 


4,281 



(1) Includes foreign trade of Newfoundland as from April 1, 1949. Where quantity is shown in tons, a short ton of 2000 lbs. has been used. 

(2) After July 1936, export clearance figures are based on Board of Grain Commissioners rather than Customs data. 



B . 



iJlCH 1951 



52 



XVI— MERCHANDISE IMPORTS : COMMODITY CLASSIFICATION BY VOLUME 1 ' 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 





















Cotton 


Cotton 


Wool 


Wool 

(yarns, 

fabrics 

and 

worsteds) 


al dar 


Bananas 


Oranges 


Fresh 
Vegetables 


Sugar 


Coffee 


Tea 


Cocoa 


Distilled 
Beverages 


(raw and 
unmanu- 


(thread, 
yarns and 


(raw and 
unmanu- 


Yrs 


















factured) 


fabrics) 


factured) 


.000 Stem 


.000cu.ft 


mm. lbs. 


.000 cwt. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


.000 gals. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


|!6 


2,927 


* 


* 


11,605 


24 


38 


21 


1,601 


145 


* 


23 


* 


|!7 


3,304 


* 


* 


9,888 


26 


38 


20 


2,187 


151 


* 


23 


* 


1!8 


3,590 


* 


* 


9,554 


28 


40 


22 


2,535 


147 


* 


23 


* 


]|J9 


3,944 


* 


* 


9,510 


28 


39 


25 


2,526 


151 


* 


19 


* 


ISO 


3,931 


* 


* 


9,454 


31 


51 


23 


2,097 


110 


* 


15 


* 


111 


4,000 


* 


* 


9,515 


33 


33 


20 


1,516 


105 


* 


18 


* 


1 52 


3,098 


4,341 


131 


8,684 


31 


40 


20 


929 


107 


18 


18 


9 


S3 


2,373 


4,095 


134 


7,900 


34 


39 


26 


677 


129 


19 


25 


10 


'54 


3,144 


4,323 


165 


8,604 


34 


39 


23 


749 


151 


21 


25 


12 


55 


2,997 


4,711 


177 


9,008 


35 


35 


26 


908 


130 


22 


28 


12 


56 


3,325 


5,147 


204 


10,410 


40 


40 


39 


1,082 


160 


24 


36 


13 


57 


3,528 


5,023 


213 


9,297 


38 


40 


27 


1,309 


171 


28 


37 


14 


:58 


3,463 


6,449 


237 


9,675 


43 


38 


28 


1,285 


149 


22 


26 


11 


39 


2,886 


6,935 


282 


10,424 


47 


43 


33 


1,568 


176 


29 


32 


12 


to 


2,658 


6,434 


265 


10,728 


42 


43 


39 


1,417 


232 


33 


54 


13 


11 


3,302 


7,013 


230 


10,958 


56 


39 


57 


1,434 


290 


38 


64 


12 


42 


935 


8,152 


277 


6,252 


45 


31 


43 


1,410 


285 


60 


87 


13 


43 


1,116 


10,544 


266 


8,408 


59 


39 


32 


774 


153 


70 


88 


13 


44 


2,973 


11,936 


306 


9,058 


96 


41 


47 


940 


183 


60 


35 


10 


45 


4,302 


11,848 


504 


8,491 


55 


53 


51 


1,541 


203 


48 


38 


11 


46 


5,322 


11,499 


698 


8,773 


85 


30 


61 


2,153 


193 


55 


65 


13 


47 


3,649 


10,654 


388 


10,143 


51 


47 


34 


2,527 


205 


84 


52 


16 


48 


3,332 


9,589 


187 


12,439 


88 


36 


41 


2,378 


184 


49 


61 


17 


49 


2,997 


8,336 


366 


12,446 


98 


43 


46 


2,632 


221 


52 


45 


15 


50 


2,843 


8,467 


562 


12,781 


83 


55 


46 


2,257 


246 


40 


51 


13 


i ndar 
' ars 


Crude 
Rubber 


Iron 
Ore 


Pigs, 

Ingots, 

Blooms 

& Billets 


Bars, 

Rods 

and Rails 


Sheets, 

and 

Plates 


Structural 
Iron 


Autos 

and 

Trucks 


Bauxite 
Ore 


Tin 


Coal 


Crude 
Petroleum 


Gasoline, 
Kerosene 

and 
Fuel Oils 


mm. lbs. 


.000 tons 


.000 tons 


.000 tons 


.000 tons 


.000 tons 


.000 


.000 tons 


.000 cwts. 


mm. tons 


mm. gals. 


mm. gals. 


126 


45 


1,466 


50 


213 


465 


203 


29 


76 


51 


17 


571 


193 


127 


59 


1,487 


70 


194 


445 


204 


37 


128 


48 


19 


685 


231 


)28 


69 


2,223 


94 


255 


575 


270 


47 


164 


54 


17 


857 


240 


•29 


80 


2,448 


86 


257 


653 


381 


45 


145 


57 


18 


1,067 


275 


130 


65 


1,485 


32 


135 


559 


193 


23 


109 


53 


19 


1,021 


266 


)31 


57 


808 


23 


77 


308 


120 


9 


98 


41 


13 


1,021 


209 


)32 


47 


68 


11 


28 


255 


31 


1 


52 


31 


12 


910 


193 


)33 


43 


206 


8 


23 


209 


19 


2 


55 


28 


11 


980 


132 


84 


64 


977 


25 


37 


274 


32 


3 


82 


40 


13 


1,074 


120 


)35 


60 


1,510 


21 


40 


335 


43 


4 


128 


47 


12 


1,157 


119 


)36 


62 


1,317 


13 


49 


363 


53 


10 


174 


48 


13 


1,254 


93 


m 


81 


2,125 


20 


60 


491 


76 


20 


304 


59 


15 


1,362 


126 


338 


58 


1,302 


14 


32 


277 


43 


15 


368 


53 


13 


1,229 


176 


?39 


73 


1,765 


13 


40 


364 


64 


18 


507 


58 


15 


1,298 


177 


340 


118 


2,418 


60 


93 


574 


136 


17 


676 


118 


17 


1,492 


214 


941 


149 


3,255 


132 


85 


577 


165 


4 


1,152 


174 


20 


1,638 


154 


942 


74 


2,702 


204 


127 


765 


295 


1 


1,308 


72 


25 


1,544 


188 


943 


46 


3,906 


196 


126 


503 


347 


1 


3,011 


26 


28 


1,741 


190 


944 


16 


3,127 


43 


66 


577 


102 


2 


1,328 


27 


29 


1,997 


187 


945 


19 


3,740 


50 


47 


624 


94 


1 


940 


72 


25 


1,988 


181 


946 


30 


2,282 


20 


91 


487 


129 


22 


1,286 


84 


26 


2,219 


337 


947 


77 


3,945 


21 


120 


483 


235 


43 


1,400 


89 


29 


2,418 


764 


948 


96 


4,300 


62 


110 


460 


218 


21 


2,015 


81 


31 


2,717 


748 


949 


90 


2,517 


84 


118 


601 


221 


39 


1,794 


82 


22 


2,649 


584 


950 


104 


3,071 


60 


98 


551 


189 


89 


1,862 


108 


27 


2,805 


833 


Includes 
short toi 


imports fro 
l of 2000 lbs 


m Newfounc 
has been us< 


land until ^ 
!d. * Not 


larch 31 anc 
available. 


imports int 


o Newfound 


and from ot 


her countrie. 


. thereafter. 


Where qua 


ntity is shov 


m in tons, a 



53 



MARCH 1951 



Millions of Dollars 



XVII— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTS (1> * 









TOTAL EXPORTS (EXCLUDING GOLD) 


TO 






Net 
Non- 
monetary 








U.K. 


Union 


Other 


Western 


Central 




Total 




U.S.A. 


U.K. 


Dependen- 


of 


Sterling 


Europe & 


AND 


Other 


All 


Gold 








cies 


South 
Africa 


Area 

(3) 


Colonies 

(4) 


South 
America 


(5) 


Countries 


Exports 


Calendar Years 






















1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


96 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


99 


1948 


1,516 


719 


95 


83 


115 


307 


127 


164 


3,125 


119 


1949 


1,529 


710 


72 


76 


151 


254 


132 


99 


3,022 


139 


1950 


2,050 


472 


52 


44 


108 


201 


154 


75 


3,156 


162 


12 Mths. end'g 






















Feb. 1951 <«> 


2,132 


467 


52 


42 


116 


209 


164 


77 


3,259 


164 


Monthly 






















1949-Sept. 


116.7 


58.3 


6.2 


3.7 


10.6 


19.3 


9.5 


9.3 


233.8 


11.2 


Oct. 


150.6 


73.0 


4.7 


4.3 


8.2 


15.3 


10.4 


8.2 


274.8 


13.2 


Nov. 


171.5 


58.5 


5.3 


3.7 


13.9 


22.0 


10.0 


8.3 


293.2 


15.4 


Dec. 


159.0 


43.1 


5.2 


6.3 


14.9 


20.3 


14.7 


10.2 


273.7 


12.5 


1950-Jan. 


133.8 


48.8 


5.3 


3.7 


5.2 


11.8 


7.4 


7.9 


224.0 


15.8 


Feb. 


131.2 


29.1 


3.8 


3.2 


7.4 


10.4 


7.7 


8.8 


201.6 


11.7 


Mar. 


158.6 


32.8 


4.2 


2.5 


8.3 


11.9 


8.4 


7.6 


234.3 


13.5 


Apr. 


139.3 


25.1 


4.3 


4.1 


7.3 


8.2 


15.8 


4.9 


209.0 


11.4 


May 


178.6 


53.3 


4.6 


4.8 


16.5 


17.8 


14.0 


7.2 


296.8 


15.8 


June 


178.9 


52.9 


3.7 


5.5 


9.1 


17.6 


15.0 


6.8 


289.4 


15.0 


July 


170.1 


31.9 


4.9 


4.3 


9.7 


19.4 


11.2 


4.1 


255.5 


14.8 


Aug. 


170.9 


41.4 


3.8 


2.0 


6.1 


18.2 


14.6 


6.1 


263.2 


13.8 


Sept. 


195.5 


34.6 


5.3 


3.6 


8.2 


15.8 


17.0 


4.9 


285.0 


10.8 


Oct. 


207.2 


45.9 


4.3 


4.9 


7.0 


23.5 


15.4 


5.9 


314.0 


16.4 


Nov. 


196.0 


39.7 


4.7 


2.9 


11.9 


25.4 


13.9 


6.6 


301.0 


12.3 


Dec. 


190.5 


36.2 


3.2 


2.6 


11.4 


20.7 


13.1 


4.4 


282.0 


11.3 


1951-Jan. 


191.2 


40.0 


4.8 


3.9 


10.4 


16.2 


14.1 


10.8 


291.4 


17.3 


Feb.< 6 > 


155.4 


33.0 


3.8 


1.2 


10.1 


14.6 


11.4 


7.8 


237.4 


11.7 



Millions of Dollars 




MERCHANDISE IMPORTS <2) * 
























Excess of 








TOTAL IMPORTS (EXCLUDING GOLD) FROM 






Merch- 
















andise 








U.K. 


Union 


Other 


Western 


Central 


All 


Total 


Exports 
over 




U.S.A. 


U. K. 


Dependen- 


OF 


Sterling 


Europe & 


and 


Other 


All 


Merch- 






(2) 


cies 


South 
Africa 


Area 

(3) 


Colonies 

(4) 


South 
America 


(5) 


Countries 


andise 
Imports 


Calendar Years 






















1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


514 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


225 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


489 


1949 


1,952 


306 


107 


4 


77 


83 


193 


39 


2,760 


263 


1950 


2,130 


403 


135 


5 


103 


114 


215 


68 


3,173 


17 


12 Mths. end'g 






















Jan. 1951< 6) 


2,209 


411 


143 


5 


107 


119 


224 


70 


3,289 


65 


Monthly 






















1949-Sept. 


158.0 


21.7 


9.5 


.2 


5.6 


6.4 


16.7 


3.3 


221.4 


12.4 


Oct. 


167.6 


19.3 


11.1 


.2 


8.0 


6.8 


17.8 


3.4 


234.2 


40.7 


Nov. 


162.7 


26.4 


10.1 


.4 


8.5 


8.4 


18.8 


4.2 


239.5 


53.8 


Dec. 


151.0 


20.6 


5.2 


.2 


4.6 


6.7 


20.3 


4.6 


213.3 


60.5 


1950-Jan. 


154.5 


26.1 


4.4 


.2 


6.2 


5.0 


12.4 


3.2 


211.9 


12.1 


Feb. 


143.1 


25.3 


4.2 


.2 


6.9 


5.9 


10.6 


3.9 


200.1 


1.5 


Mar. 


160.9 


32.7 


7.4 


.8 


6.1 


6.7 


18.3 


4.5 


237.3 


3.1 


Apr. 


162.2 


29.5 


5.7 


.2 


7.2 


6.4 


14.9 


4.7 


230.9 


21.9 


May 


195.5 


36.3 


16.0 


.6 


7.6 


8.8 


18.8 


6.5 


290.2 


6.6 


June 


188.3 


37.1 


13.4 


.4 


9.7 


10.1 


15.2 


8.3 


282.4 


6.9 


July 


170.6 


32.7 


12.6 


.3 


9.1 


9.8 


18.2 


6.1 


259.5 


3.9 


Aug. 


172.6 


34.3 


14.1 


.2 


7.3 


10.9 


21.9 


6.0 


267.3 


4.0 


Sept. 


177.4 


36.2 


14.7 


.6 


8.4 


11.0 


25.4 


6.0 


279.7 


5.3 


Oct. 


208.3 


41.6 


14.8 


.5 


12.2 


13.8 


22.0 


7.3 


320.5 


6.5 


Nov. 


214.8 


39.5 


16.0 


.8 


13.8 


15.3 


20.6 


6.5 


327.3 


26.3 


Dec. 


182.3 


32.0 


11.7 


.2 


8.3 


10.4 


16.2 


5.1 


266.3 


15.7 


1951-Jan.") 


233.3 


33.9 


12.5 


.2 


10.2 


9.5 


22.1 


5.4 


327.1 


35.7 


Feb.< 7 > 


198.5 


27.7 














274.3 





* Commencing April 1, 1949. external trade of Newfoundland included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

(1) Includes exports of foreign produce. In the case of wheat, export figures 
are based on Board of Grain Commissioners rather than Customs data. 

(2) Imports from the United Kingdom do not include articles imported for 
the use of the armed forces of the United Kingdom. In the years 1946 and 



1947 articles admitted free under Order in Council (9213) and the item 
"Canadian Goods Returned" (9195) are excluded. 

(3) Consists of Eire, India, Pakistan. Burma. Australia. New Zealand, Iceland. 
Ceylon and Iraq. Egypt is included in All Other. 

(4) Excludes Spain, but includes Greece, Turkey, and British Sudan. 

(5) Includes Egypt, Spain, Palestine, and also Newfoundland until March 31, 
1949. 

(6) Preliminary. (7) Estimates. 



.RCH 1951 



54 



MILLIONS OF PERSONS 



XVIII— U.S.A. STATISTICS 



Federal Reserve Board or Dept. of Commerce Statistics unless otherwise stated. 

MILLIONS Of PCRSONS POINTS IN TOTAL INDEX 



POINTS IN TOTAL INDCX 




MILLIONS Of DOLLARS 



MILLIONS OF DOLLARS 



BILLIONS OF DOLLARS 



BILLIONS OF DOLLARS 



3000 



2000 



1000 




3000 



2000 



1000 20 




BILLIONS OF DOLLARS 



Billions of dollars 




TATISTICAL SUMMARY 

BANK OF CANADA 



Tables 



Charts 



II 
III 

IV 



V 

VI 

VII 

VIII 



IX 

X 

XI 

XII 

XIII 



Bank of Canada : 

Liabilities and Assets 

General Public Holdings of Certain Liquid Assets .... 
Factors Affecting General Public Holdings of Certain Liquid Assets 

Chartered Banks: 

Liabilities and Assets 



Money Supply and Related Bank Assets: 

Currency, Bank Deposits and Government of Canada Securities 
Resident and Non-Resident Holdings: Approximate Divisions . 

Security Prices: 

Government Securities Payable in Canada only .... 
Government Securities: Canada, U.K. and U.S.A. 

Yields of Government Bonds: Canada, U.K. and U.S.A. 

Bond Issues and Retirements 

Business Activity 

Canadian Gold Statistics .... 

Public Finance: Government of Canada: 
Financial Requirements .... 

Sources of Financing 

Budgetary Revenue and Expenditure .... 
Budget Surplus, Other Net Receipts and Disbursements and 
Net Debt Retirement 

Wholesale Prices 

Cost of Living 

Canadian Balance of International Payments .... 

Merchandise Imports: Commodity Classification 

Merchandise Trade: Exports and Imports By Countries 
Merchandise Trade: Exports, Imports and Balance 



Pages 

55-56 
55 

56 

57-58 

57-58 
59 

59 
60 
60 

61 

62 

62 

63 

64 
65 

65 

66 

66 
67 -68 
69-70 

71 

72 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 



Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



APRIL 1951 



55 

Millions of Dollars 



APRIL 1951 

I— B.J 













LIABILITIES 










Chartered Bank Cash 








Active 
B. of C. 

^ Note 
Circulation 




To 










Govt, of 
Canada 
Deposits 


Other 
Deposits 


Foreign 
Currency 
Deposits'" 


All 

Other 

Accounts 




Notes 
in Tills 


Deposits 

at 
B.ofC. 


Total 


Liabi 



Ass 


Average of 




















Month-end Figures 




















1935—10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


?< 


1937—12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


n 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


44 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,84 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


l,8f 


1947 


152.8 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,91 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,9' 


1949 


180.8 


567.7 


748.4 


98.4 


79.9 


57.4 


1,086.8 


38.7 


2,K 


1950 


192.3 


561.6 


753.9 


41.9 


206.2 


101.4 


1,100.9 


37.8 


2,24 


End of 




















1950— Jan. 


200.2 


530.7 


730.9 


94.3 


145.8 


78.6 


1,059.0 


42.1 


2,1! 


Feb. 


179.5 


554.8 


734.4 


24.3 


176.4 


82.2 


1,071.1 


21.9 


2,11 


Mar. 


150.5 


567.3 


717.8 


71.2 


150.7 


79.2 


1,108.0 


36.9 


2,1 


Apr. 


165.5 


551.6 


717.1 


41.3 


199.8 


91.5 


1,104.3 


27.8 


2,11 


May 


210.6 


534.3 


745.0 


68.9 


202.7 


78.8 


1,065.3 


31.1 


2,1! 


June 


154.7 


544.5 


699.2 


35.3 


215.8 


89.6 


1,121.1 


40.5 


2,2( 


July 


200.3 


552.7 


753.0 


19.6 


228.9 


94.6 


1,093.9 


34.4 


2,2; 


Aug. 


220.2 


568.2 


788.3 


16.7 


233.1 


106.2 


1,083.6 


36.9 


2,2 


Sept. 


179.3 


555.8 


735.1 


22.0 


258.2 


89.6 


1,139.1 


38.6 


2,2 


Oct. 


211.8 


621.7 


833.5 


39.0 


235.2 


143.3 


1,110.0 


48.3 


2,41 


Nov. 


204.1 


578.8 


782.9 


45.3 


221.0 


149.7 


1,119.4 


56.3 


2,3 


Dec. 


231.3 


578.6 


809.9 


24.7 


207.1 


133.6 


1,136.1 


39.0 


2,3 


1951— Jan. 


219.6 


537.6 


757.3 


68.3 


204.4 


136.0 


1,074.8 


53.3 


2,2< 


Feb. 


202.8 


550.5 


753.3 


69.5 


204.6 


128.9 


1,092.6 


39.8 


2,2 


Mar. 


185.1 


552.9 


738.0 


70.5 


206.7 


88.5 


1,134.4 


28.7 


2,2 



(1) Includes foreign exchange items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March .11. 194°. -k May 1940 and a 
gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to the Foreign Exchange Control 



GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETS 

BILLIONS OF DOLLARS BILLIONS OF DOLLARS 




* Total Currency and Active Hank Deposits plus Inactive Notice Deposits and Government of Canada Securities; See table and footnotes on pages 57-58. 



A] 


.IL 1951 














56 


a 


*ADA 














Millions of Dollars 




ASSETS 










Securities 




All 

Other 

Accounts 




i 


Silver 


Foreign (I) 
Exchange 


Govt, op Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 


Advances 






Under 2 yrs. 


Over 2 yrs. 
























Average of 
Month-end Figures 


2 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935—10 Mths. 





2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937—12 Mths. 


8 


- 


41.7 

• 


142.8 
• 


46.2 
• 


- 


— 


189.1 
• 


.2 


6.7 


1939 




- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 




- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 




- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 




- 


.4 


1,133.3 


787.7 


25.0 


- 


1,946.0 


- 


26.7 


1948 




- 


53.1 


1,421.8 


571.9 


25.0 


4.3 


2,023.0 


- 


33.4 


1949 




— 


110.2 


1,503.3 


467.8 


25.0 


100.5 


2,096.6 


- 


35.4 


1950 

End of 




- 


73.2 


1,769.1 


235.4 


25.0 


5.5 


2,035.0 


- 


42.6 


Jan. — 1950 




- 


76.8 


1,786.2 


191.1 


25.0 


5.5 


2,007.8 


- 


25.7 


Feb. 




- 


73.8 


1,655.9 


358.9 


25.0 


5.5 


2,045.4 


- 


44.6 


Mar. 




- 


86.2 


1,668.3 


371.0 


25.0 


5.5 


2,069.8 


- 


25.9 


Apr. 




- 


73.4 


1,685.7 


372.6 


25.0 


5.5 


2,088.8 


- 


29.5 


May 




- 


84.2 


1,436.7 


622.0 


25.0 


5.5 


2,089.2 


- 


28.2 


June 




_ 


89.2 


1,431.0 


638.7 


25.0 


5.5 


2,100.2 


_ 


35.1 


July 




- 


161.5 


1,420.4 


569.2 


25.0 


60.3 


2,074.9 


- 


28.5 


Aug. 




- 


212.3 


1,406.1 


444.6 


25.0 


170.0 


2,045.6 


- 


24.7 


Sept. 




- 


152.5 


1,381.4 


435.7 


25.0 


360.7 


2,202.9 


- 


54.0 


Oct. 




- 


127.4 


1,170.0 


662.0 


25.0 


328.1 


2,185.1 


- 


62.1 


Nov. 




- 


111.7 


1,229.3 


712.5 


25.0 


247.9 


2,214.7 


- 


24.0 


Dec. 




_ 


118.1 


1,171.0 


731.5 


25.0 


200.3 


2,127.7 


_ 


48.2 


Jan. — 1951 




- 


117.5 


1,165.4 


757.0 


25.0 


168.7 


2,116.1 


- 


55.1 


Feb. 




" 


80.2 


1,341.9 


673.7 


25.0 


114.4 


2,155.1 




31.6 


Mar. 



| e effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. 
I late the Bank's minimum gold reserve requirement has been suspended. 



Under these orders the Bank's 



FACTORS AFFECTING GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETS 

BILLIONS OF DOLLARS BILLIONS OF DOLLARS 




M J S 

1947 
* See table and footnotes on page 58. 



57 






















APRIL 1951 






















ii-chai 


Millions of Dollars 




















Bo 




LIABILITIES 












Notes 


Deposits 


Cash 
in (j) 
Canada 


Securities 




Demand 


Notice 


Govt, of 

Canada 

and Prov. 


Canadian 
Deposits 

(i) 


Foreign 


Total 
Deposits 

{2) 


Govt, of 
Canada 


Prov- 
incial 


Foreign 
Govt. 


Otl 


As at Dec. 31 


























1929 


175 


729 


1,434 


92 


2,270 


442 


2,820 


228 


297 


151 


1932 


127 


466 


1,378 


72 


1,928 


329 


2,306 


211 


562 


216 


1937 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


1,111 


59 


* 


1948 


16 


2,544 


4,057 


426 


7,099 


811 


8,002 


738 


2,959 


476 


242 


N 


1949 


14 


2,426 


4,433 


367 


7,348 


730 


8,177 


753 


3,112 


445 


242 


,v 


1950 


- 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 




End of 


























1950— Jan. 


1(6) 


2,406 


4,494 


296 


7,287 


744 


8,125 


731 


3,144 


423 


251 




Feb. 


- 


2,391 


4,537 


349 


7,350 


728 


8,191 


734 


3,165 


424 


252 


I 


Mar. 


- 


2,399 


4,572 


429 


7,490 


719 


8,307 


718 


3,240 


416 


229 


h 


Apr. 


- 


2,330 


4,560 


411 


7,382 


737 


8,226 


717 


3,185 


410 


235 


a 


May 


- 


2,453 


4,557 


407 


7,504 


758 


8,372 


745 


3,185 


410 


243 


f> 


June 


- 


2,538 


4,538 


371 


7,552 


745 


8,409 


699 


3,057 


407 


238 


?/ 


July 


- 


2,493 


4,529 


265 


7,389 


742 


8,233 


753 


3,017 


419 


225 


a 


Aug. 


- 


2,618 


4,543 


412 


7,672 


728 


8,522 


788 


3,258 


416 


215 


B 


Sept. 


- 


2,709 


4,582 


306 


7,659 


709 


8,569 


735 


3,188 


424 


230 


G 


Oct. 


- 


2,822 


4,559 


358 


7,887 


706 


8,724 


834 


3,173 


404 


201 





Nov. 


- 


2,824 


4,543 


452 


7,995 


716 


8,845 


783 


3,081 


416 


205 


5 


Dec. 


- 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 


8 


1951— Jan. 


- 


2,638 


4,577 


533 


7,884 


724 


8,739 


757 


3,054 


401 


188 


6 


Feb. 


- 


2,612 


4,618 


445 


7,841 


734 


8,702 


753 


2,887 


398 


190 


6 


Mar. 




2,487 


4,614 


523 


7,753 


719 


8,625 


738 


2,801 


373 


210 


e 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. (3) Until March 1935: Gold and Coin in Canada, 

end Canadian deposits in 1926-35 and monthly average deposits in 1936 and after. (5) Bank of Canada notes in public circulation and chartered bank notecirci 
standing notes issued for circulation in Canada transferred to Bank of Canada during January 1950. 



Millions of Dollars 



III— GENERAL PUBLIC HOLDI 

Currency, Bank Deposits 

8 





Currency and active Bank Deposits 






Currency 
Outside Ban 


iks 






Active Bank Deposit 


s 






Ti 
Cut 

a 








Chartered Banks 




(7) 


















Bank of 




















H 

B 
Dei 










(J) 




Other< 6 > 








Canada 


Total 




Notes <" 


Coin' 2 ) 


Total 


Demand 


Active< 4) 
Notice 


excl. 
Govt. 


Total 


Deduct^ 
Float 


Net 
Total 


"Other" 
Deposits 














of Canada 












i 


As at Dec. 31 


























1948 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


«i 


1949 


1,110 


74 


1,184 


2,426 


682 


338 


3,446 


335 


3,111 


127 


3,238 


4 


1950 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


< 


End of 


























1950— Jan. 


1,059 


72 


1,131 


2,406 


692 


318 


3,416 


307 


3,109 


146 


3,255 


4 


Feb. 


1 071 


72 


1,143 


2,391 


699 


330 


3,420 


326 


3,094 


176 


3,270 


4 


Mar. 


1,108 


73 


1,181 


2,399 


704 


372 


3,475 


361 


3,114 


151 


3,265 


4 


Apr. 


1,104 


74 


1,178 


2,330 


704 


351 


3,385 


280 


3,105 


200 


3,305 


4 


May 


1,065 


73 


1,138 


2,453 


702 


348 


3,503 


365 


3,138 


203 


3,341 


4 


June 


1,121 


75 


1,196 


2,538 


699 


351 


3,588 


475 


3,113 


216 


3,329 


4 


July 


1,094 


75 


1,169 


2,493 


695 


318 


3,506 


355 


3,151 


229 


3,380 


4 


Aug. 


1.084 


75 


1,159 


2,618 


696 


323 


3,637 


351 


3,286 


233 


3,519 


4 


Sept. 


1,139 


77 


1,216 


2,709 


699 


389 


3,797 


352 


3,445 


258 


3,703 


4 


Oct. 


1,110 


77 


1,187 


2,822 


695 


437 


3,954 


451 


3,503 


235 


3,738 


4 


Nov. 


1,119 


77 


1,196 


2,824 


694 


419 


3,937 


476 


3,461 


221 


3,682 


4 


Dec. 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4 


1951— Jan. 


1,075 


76 


1,151 


2,638 


702 


395 


3,735 


402 


3,333 


204 


3,537 


4 


Feb. 


1,093 


76 


1,169 


2,612 


709 


415 


3,736 


448 


3,288 


205 


3,493 


4 


Mar. 


1,134 


78 


1,212 


2,487 


711 


428 


3,626 


376 


3,250 


207 


3,457 


4 


■fa The term G 
residents; fo 


eneral Public refers to i 


oldings of n 


on-residents 


as well as 


(2) Subsidiary coin issued by the ft 


lint less coin 


held by Bar 


k of Canada 


ant 


- an approximate divisioi 


l between re 


sident and n 


on-resident 


chartered banks in Canada. 










holdings see 


Table III. page 59. 








(3) Chartered banks' public deman 


d deposits in 


Canada. 






+ Chartered b 
' April 1st. 19 


anks' Newfoundland bra 


nch statistic 


s are includ( 


■d as from 


(4) Chartered banks' public notice 


deposits in 


Canada othe 


r than estim 


at' 


49. 










aggreg 


ate quarterl 


/ minimum 


balances in j 


ersonal savii 


lgs accounts 


an 



*+The whole of the increase or decrease in Canada's foreign exchange reserves 
is embodied in the related factors in this table; to the extent that such 
changes do not appear in the column "Bank of Canada Gold and Exchange 
Holdings (net)" they affect changes in "Government of Canada Direct 
and Guaranteed Funded Debt." 

(1) Note Circulation of Bank of Canada and. prior to 1950, of the chartered 
banks; excluding notes held by chartered banks. 



(5) Chartered banks' Canadian dollar deposits of provincial government- 
and of Canadian, United Kingdom, and foreign banks. 

(6) Cheques on other banks as shown in chartered bank month-end return 
to the Minister of Finance. 

(7) Other Deposits with the Bank of Canada as shown in published month-en< I 
statements — i.e. excluding Government of Canada, chartered bank anc I 
foreign currency deposits. 



VEifL 1951 



B 


MKS 












la 














>1 


'S 




Loans 






CANADA 


ABROAD 


Total 

Assets 




Call 


Current 
Public 


Current 
Other 


Call 


Current 




262 


1 ,403 


122 


245 


251 


3,521 




103 


964 


140 


91 


152 


2,852 




76 


749 


113 


(50 


166 


3,281 




101 


2,077 


71 


78 


240 


8,580 




133 


2,174 


97 


70 


211 


8,718 




134 


2,651 


125 


100 


247 


9,496 




100 


2,164 


100 


76 


210 


8,664 


' 


84 


2,182 


117 


75 


215 


8,717 


! | 


83 


2,218 


126 


76 


209 


8,839 


s 


103 


2,226 


123 


98 


212 


8,770 


9 


105 


2,234 


118 


87 


214 


8,912 


1 


145 


2,293 


115 


90 


222 


8,950 


)| 


94 


2,287 


98 


95 


223 


8,796 


< | 


99 


2,294 


98 


95 


220 


9,102 




101 


2,352 


121 


110 


233 


9,162 




115 


2,449 


116 


117 


230 


9,323 




164 


2,611 


126 


96 


234 


9,450 




134 


2,651 


125 


100 


247 


9,496 




118 


2,671 


124 


113 


252 


9,379 




109 


2,736 


136 


114 


256 


9,354 




94 


2,856 


152 


96 


252 


9,284 



58 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in <3) 
Canada 


Deposits 


Canadian 


Note (5) 




(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


711 


6,547 


10.9 


1,053 


1948 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


750 


7,247 


10.3 


1,064 


Jan. — 1950 


722 


7,190 


10.0 


1,060 


Feb. 


723 


7,304 


9.9 


1,070 


Mar. 


748 


7,417 


10.1 


1,078 


Apr. 


742 


7,394 


10.0 


1,070 


May 


724 


7,419 


9.8 


1,071 


June 


755 


7,433 


10.1 


1,084 


July 


781 


7,369 


10.6 


1,082 


Aug. 


734 


7,557 


9.7 


1,096 


Sept. 


812 


7,786 


10.4 


1,107 


Oct. 


779 


7,881 


9.9 


1,111 


Nov. 


792 


7,847 


10.1 


1,131 


Dec. 


802 


7,890 


10.2 


1,079 


Jan.— 1951 


728 


7,766 


9.4 


1,083 


Feb. 


748 


7,655 


9.8 


1,103 


Mar. 



d "Free" Central Gold Reserve Deposits: after that date: Bank of Canada Notes and Deposits. (4) Figures given are averages of estimated month- 

ing, since September 1944, an approximate figure only. (6) Notes issued for circulation outside Canada only commencing in January: liability for out- 



[RTAIN LIQUID ASSETS*! 

F.NT OF CANADA SECURITIES 



Millions of Dollars 



\ 

4 Govt, of 
■ Canada 
i Securities 


Total 


Related Factors** 




Govt, oi 

Held by B 


Canada Direct and Guaranteed Funded Debt< 9 > 


Bank"" 
Loans 


Bk.ofCan 


Deduct 




k. of Can. 


& Ch. Bks. 


Held by Other Investors 






Deduct < u > 






Deduct 




&Non- 


Exchange 


All 
Other 




J (»>(10)(1») 




Total 

(10) 


Govt, of 
Canada 


Net 
Total 


Total 


Securities 
held by all 


Net 

Total 


Invest- 
ments 


Holdings 
(Net) 


(Net) 

(14) 










Deposits 






Govt.Accts 
































As at Dec. 31 


10,249 


17,992 


4,972 


320 


4,652 


11,506 


1,257 


10,249 


3,341 


- 


250 


1948 


9,904 


18,077 


5,121 


181 


4,940 


10,700 


796 


9,904 


3,419 


- 


186 


1949 


10,069 


18,781 


5,021 


280 


4,741 


10,916 


847 


10,069 


3,950 


226 


205 


1950 


9,888 


18,076 


5,149 


163 


4,986 


10,693 


805 


9,888 


3,359 


- 


157 


End of 
Jan.— 1950 


9,835 


18,086 


5,142 


116 


5,026 


10,623 


788 


9,835 


3,381 


- 


156 


Feb. 


9,803 


18,118 


5,255 


217 


5,038 


10,593 


790 


9,803 


3,437 


- 


160 


Mar. 


9,772 


18,112 


5,224 


182 


5,042 


10,551 


779 


9,772 


3,455 


- 


157 


Apr. 


9,711 


18,045 


5,243 


215 


5,028 


10,495 


784 


9,711 


3,461 


- 


155 


May 


9,869 


18,233 


5,116 


160 


4,956 


10,665 


796 


9,869 


3,559 


- 


151 


June 


9,819 


18,202 


5,087 


68 


5,019 


10,631 


812 


9,819 


3,502 


- 


138 


July 


9,840 


18,366 


5,248 


204 


5,044 


10,646 


806 


9,840 


3,521 


116 


155 


Aug. 


10,020 


18,822 


5,039 


1 


5,038 


10,835t 


815 


10.020J 


3,618 


293 


147 


Sept. 


10,068 


18,857 


4,990 


108 


4,882 


10,906 


838 


10,068 


3,681 


370 


144 


Oct. 


10,184 


18,912 


4,913 


253 


4,660 


11,046 


862 


10,184 


3,921 


306 


159 


Nov. 


10,069 


18,781 


5,021 


280 


4,741 


10,916 


847 


10,069 


3,950 


226 


205 


Dec. 


10,099 


18,662 


4,956 


344 


4,612 


10,947 


848 


10,099 


3,943 


182 


174 


Jan. — 1951 


10,076 


18,647 


4,809 


266 


4,543 


10,922 


846 


10,076 


4,022 


157 


151 


Feb. 


10,048 


18,620 


4,817 


295 


4,522 


10,893 


845 


10,048 


4,101 


106 


157 


Mar. 



Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits in 
Canada. 

Direct and guaranteed securities (including refundable taxes). Direct 
debt includes both matured and unmatured issues outstanding, exclusive 
of sinking fund holdings; guaranteed debt is included on the basis of the 
total unmatured issues outstanding; Newfoundland debt assumed by 
the Government of Canada has been included since June 1949. Foreign 
pay securities have been valued at official mid-rates of exchange to 
September 30. 1950, and at market rates thereafter. 

Chartered banks' temporary advances to the general public in connection 
with the purchase of Victory Loan Bonds at time of issue, amounting to 
166, 261, 271, and 411 in the years 1942 to 1945 inclusive, have been 



(ID 
(12) 
(13) 



(14) 
t 



included in bank holdings of Government securities and deducted from 

holdings of the general public. 

Canadian dollar deposits of the Government of Canada at chartered 

banks and Bank of Canada. 

Holdings of all investors other than Bank of Canada, chartered banks 

and Government of Canada accounts. 

All loans in Canada of the chartered banks other than temporary advances 

in connection with Victory Loan issues, plus chartered banks' holdings 

of provincial, municipal and "other" securities, and Bank of Canada 

holdings of Industrial Development Bank Capital stock. 

Net of all related asset and liability items not shown elsewhere in this table. 

Excludes $50 million (U.S. funds) borrowed in New York to redeem an 

issue falling due on October 1st. 



59 



APRIL 195! 



Millions of Dollars 



HI— GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETS^ 
Resident and Non-Resident Holdings : Approximate Division 

Bank of Canada 





Total Currency 

and Active 
Bank Deposits 


Inactive Chartered 

Bank Notice 

Deposits 


Government of 
Canada Securities 




Total 






Resi- 
dent 


Non- 
Resi- 
dent 


Total 


Resi- 
dent 


Non- 
Resi- 
dent 


Total 


Resi- 
dent 


Non- 
Resi- 
dent 


Total 


Resi- 
dent 


Non- 
Resi- 
dent 


Total 


As at December 31 


























1938 


1,042 


89 


1,131 


1,352 


120 


1,472 


1,817 


1,411 


3,228 


4,211 


1,620 


5,831 


1939 


1,211 


159 


1,370 


1,435 


109 


1,544 


1,881 


1,398 


3,279 


4,527 


1,666 


6,193 


1940 


1,480 


83 


1,563 


1,350 


88 


1,438 


2,394 


1,276 


3,670 


5,224 


1,447 


6,671 


1941 


1,825 


76 


1,901 


1,345 


88 


1,433 


3,053 


1,109 


4,162 


6,223 


1,273 


7,496 


1942 


2,260 


89 


2,349 


1,346 


90 


1,436 


4,349 


995 


5,344 


7,955 


1,174 


9,129 


1943 


2,627 


99 


2,726 


1,542 


112 


1,654 


6,181 


1,003 


7,184 


10,350 


1,214 


11,564 


1944 


3,031 


122 


3,153 


1,939 


121 


2,060 


8,096 


1,035 


9,131 


13,066 


1,278 


14,344 


1945 


3,365 


149 


3,514 


2,255 


136 


2,391 


10,166 


1,144 


11,310 


15,786 


1,429 


17,215 


1946 


3,755 


241 


3,996 


2,701 


155 


2,856 


10,084 


1,091 


11,175 


16,540 


1,487 


18,027 


1947 


3,731 


213 


3,944 


2,994 


149 


3,143 


9,710 


1,053 


10,763 


16,435 


1,415 


17,850 


1948 


4,121 


214 


4,335 


3,277 


131 


3,408 


9,091 


1,158 


10,249 


16,489 


1,503 


17,992 


1949 


4,174 


248 


4,422 


3,621 


130 


3,751 


8,664 


1,240 


9,904 


16,459 


1,618 


18,077 


1950 


4,447 


404 


4,851 


3,708 


153 


3,861 


8,703 


1,366 


10,069 


16,858 


1,923 


18,781 


Month-end 


























1950— June 


4,182 


343 


4,525 


3,703 


136 


3,839 


8,657 


1,212 


9,869 


16,542 


1,691 


18,233 


Sept. 


4,446 


473 


4,919 


3,747 


136 


3,883 


8,618 


1,402 


10,020 


16,811 


2,011 


18,822 


Dec. 


4,447 


404 


4,851 


3,708 


153 


3,861 


8,703 


1,366 


10,069 


16,858 


1,923 


18,781 


1951— Mar.** 


4,282 


387 


4,669 


3,750 


153 


3,903 


8,647 


1,401 


10,048 


16,679 


1,941 


18,620 



t For footnotes see Table III. pages 57-58. * Revised. ** Preliminary. 



IV— SECURITY PRICES 

Bank of Canada 





Government of Canada Bonds Payable in Canada Only 






Based on Middle of the Market quotations 






Average of Business Days 


15th of Each Month 






Theoretical 


Theoretical 


Theoretical 


Theoretical 




3% Perpetuals 


15 Year 


9 Year 


5 Year 


2 Year 






Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 














1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.92 


1.39 


1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


1947 


104.00 


2.73 


2.57 


2.25 


1.75 


1.43 


1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 


1949 


100.88 


2.93 


2.83 


2.64 


2.24 


1.66 


1950 


101.70 


2.87 


2.78 


2.67 


2.22 


1.81 


Monthly 














1949— Dec. 


102.40 


2.82 


2.75 


2.63 


2.17 


1.65 


1950— Jan. 


101.89 


2.86 


2.75 


2.62 


2.18 


1.73 


Feb. 


101.58 


2.88 


2.73 


2.60 


2.16 


1.73 


Mar. 


101.78 


2.86 


2.73 


2.60 


2.16 


1.72 


Apr. 


101.78 


2.86 


2.77 


2.63 


2.18 


1.73 


May 


102.14 


2.84 


2.75 


2.61 


2.17 


1.74 


June 


102.29 


2.82 


2.73 


2.59 


2.10 


1.74 


July 


101.86 


2.86 


2.77 


2.67 


2.14 


1.77 


Aug. 


102.05 


2.84 


2.75 


2.64 


2.15 


1.74 


Sept. 


102.41 


2.81 


2.71 


2.62 


2.17 


1.76 


Oct. 


101.82 


2.86 


2.75 


2.68 


2.22 


1.83 


Nov. 


100.95 


2.93 


2.88 


2.84 


2.42 


2.02 


Dec. 


99.89 


3.00 


2.99 


2.97 


2.55 


2.17 


1951— Jan. 


99.44 


3.02 


3.02 


3.00 


2.63 


2.26 


Feb. 


99.41 


3.02 


3.02 


3.00 


2.60 


2.27 


Mar. 


96.68 


3.10 


3.25 


3.21 


2.89 


2.70 


Apr. 


96.34 


3.11 


3.24 


3.20 


2.75 


2.48 



IP 


| L 1951 












60 










IV— SECURITY PRICES 














Bank of Canada 










Government Bonds 


3 Month Treasury Bills 




Average of Business Days 


Tender Rate Nearest 15th of Month 




Canada (1) 


U. K.<*> 


U.S.A. <»> 
























U K 


U.S.A. 






Price 


Yield 


Price 


Yield 


Price 


Yield 








Annual Average 






















1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 




1947 


104.84 


2.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.592 




1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


All 


.509 


1.037 




1949 


101.54 


2.85 


100.00 


2.93 


103.21 


2.24 


.485 


.521 


1.096 




1950 


102.23 


2.77 


97.38 


3.19 


103.00 


2.24 


.552 


.516 


1.215 




Monthly 






















.949— Sept. 


101.96 


2.81 


96.72 


3.23 


104.45 


2.14 


.510 


.514 


1.058 


Oct. 


103.04 


2.70 


96.18 


3.27 


104.51 


2.13 


.512 


.524 


1.050 


Nov. 


103.08 


2.69 


95.11 


3.34 


104.76 


2.11 


.512 


.523 


1.056 


Dec. 


102.65 


2.73 


97.17 


3.20 


104.88 


2.10 


.512 


.519 


1.115 




1950— Jan. 


102.65 


2.73 


95.84 


3.29 


104.80 


2.10 


.512 


.524 


1.101 




Feb. 


102.71 


2.72 


96.47 


3.25 


104.25 


2.14 


.513 


.524 


1.131 




Mar. 


102.70 


2.72 


95.68 


3.31 


103.76 


2.18 


.512 


.525 


1.131 




Apr. 


102.39 


2.75 


96.72 


3.23 


103.37 


2.21 


.513 


.512 


1.160 




May 


102.68 


2.72 


97.01 


3.21 


103.15 


2.23 


.514 


.513 


1.165 




June 


102.55 


2.73 


98.08 


3.14 


102.91 


2.25 


.512 


.514 


1.177 




July 


102.20 


2.77 


96.72 


3.23 


102.73 


2.26 


.512 


.512 


1.168 




Aug. 


102.41 


2.75 


97.10 


3.21 


102.69 


2.26 


.546 


.513 


1.173 




102.88 


2.70 


98.11 


3.14 


102.41 


2.29 


.615 


.514 


1.311 




Oct. 


102.16 


2.77 


99.29 


3.05 


102.16 


2.31 


.623 


.514 


1.337 




Nov. 


101.21 


2.87 


99.26 


3.05 


101.98 


2.32 


.624 


.513 


1.380 




Dec. 


100.24 


2.97 


98.30 


3.12 


101.73 


2.35 


.626 


.519 


1.351 




1951— Jan. 


99.94 


3.01 


98.34 


3.12 


101.96 


2.32 


.626 


.511 


1.391 




Feb. 


99.94 


3.01 


96.44 


3.26 


101.87 


2.33 


.728 


.513 


1.391 




Mar. 


97.88 


3.17 


96.27 


3.28 


100.19 


2.48 


.755 


.512 


1.402 




Apr. 


97.49 


3.21 


95.27 


3.35 


98.68 


2.59 


.755 


.511 


1.529 



Government of Canada 3% due Sept. 1, 1961-66. (2) United Kingdom 3% due Apr. 15, 1959-69. 

963-68 is not eligible for commercial banks before Dec. 1. 1952. 



(3) U.S. Treasury 2)4% due Dec. 15, 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS : CANADA, U.K. AND U.S.A. 

Daily Opening Quotations 



2 0% 



2 2% 



2 4% 



26% 



2 8% 



3 0% 



32% 



3.4%. 




* Security is not eligible for commercial banks before Dec. 1, 1952. 



61 

V— BOND ISSUES AND RETIREMENTS ' 

Par Values in Millions of Canadian Dollars* Bank °f Canada 



APRIL 1951 





I-Govt. of Canada Direct & 
Guaranteed and Other C.N.R. 




II-Provincial Direct and Guaranteed 








Net New 


New Issues 


Retirements 


Net New 




New Issues 


Retirements 


Issues or 
Retirements 












New 


Refunding 


Refunded 


Other 


Retirementi 


Calendar Years 


















1946 


913.5 


866.1 


47.4 




59.6 


73.4 


68.7 


82.5 


18.2 


1947 


371.4 


641.5 


270 1 




150.1 (2)(3 ' 


125.2 


125J 


85.1 


65.0 


1948 


1,424.8 


1,634.8 


210.0 




240.2 


103.8 


84.7 


81.2 


178.1 


1949 


820.7 


1 ,236.7 


416.1 




409.4 


54.1 


73.5 


63.9 


326.0 


1950 


2,191.7 


2,282.6 


90.9 




270.(1 


138.8 


131.8 


108.8 


168.2 


Quarters 




















1950- I 


398.4 


447.4 


49.0 




70.4 


104.3 


29.5 


42.2 


103.0 


II 


753.0 


805.5 


52.5 




119.3 


1.6 


91.0 


31.7 


1.8 


III 


67.7 


97.3 


29.5 




53.7 


22.7 


1.1 


10.6 


64.7 


IV 


972.6 


932.5 


40.1 




26.6 


10.2 


10.2 


24.3 


2.3 


1951- I 


20.2 


117.4 


97.2 




14.7 


6.7 


6.7 


55.2 


40.5 





III-CORPORATIONS 




New Issues 


Retirements 


Net New 

Issues or 

Retirements 




New 


Refunding 


Refit nded 


Other 


Calendar Years 
1946 


125.4 


460.8 


460.4 


126.6 


.8 


1947 


267.0 


203.5 


197.7 


152.2 


120.5 


1948 


273.9 


20.6 


26.3 


69.1 


199.0 


1949 


260.3 


41.8 


41.8 


84.8 


175.4 


1950 


400.0 


53.5 


53.5 


81.5 


318.5 


Quarters 
1950- I 


115.5 


13.8 


.9 


24.4 


104.0 


II 


111.0 


6.7 


20.3 


15.6 


81.8 


III 


43.4 


18.5 


16.0 


16.2 


29.8 


IV 


130.1 


14.4 


16.3 


25.4 


102.9 


1951- I 


83.1 


.7 


.7 


23.1 


60.0 




IV Govt.ofCanadaTreasuryBius. 
Deposit Certificates and Short. 
TermNotesSoldDirectlytoBank 
of Canada and Chartered Banks 



Net New 

Issues or 

Retirements 



250 
346 
100 
100 
300 

100 

200 



100 



Total 

Outstanding 

at End of Period 



1,546 
1,200 
1,300 
1,200 
1,500 

1 ,300 
1,300 
1,500 
1,500 

1,400 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT (1) 

GOVERNMENT OF CANADA AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 
.,,.„. fn ,. n ,, * AND CORPORATION BONDS 

Par Values in Millions of Canadian Dollars 



NEW ISSUES were payable in: 



Canada 


New York 


Canada & 




only 


only 


New York 




1,456.5 


171.4 


4.8 


.1 


1,106.2 


5.5 


5.0 


.4 


1,773.0 


290.0 


- 


.3 


1,486.0 


100.0 


- 


.2 


2,837.2 


216.9 


- 


- 


600.4 


101.9 


_ 


_ 


955.7 


35.8 


- 


- 


127.1 


79.1 


- 


- 


1,154.0 


- 


■ - 


- 


117.4 


8.1 


- 


- 



Total 



RETIREMENTS were payable in: 



Canada 
only 



New York 
only 



Canada & 
New York 


Canada, 
New York 
& London 


London 


109.5 


58.1 


15.2 


61.0 


104.8 


30.9 


19.0 


5.3 


5.6 


10.9 


91.5 


10.2 


78.9 


45.7 


10.6 


17.6 


20.6 


2.2 


57.3 


23.2 


7.2 


3.1 


.1 


.8 


.9 


1.8 


.4 


5.8 


5.8 


.4 



Net Increase or 
Net Decrease 
In Bonds Outstand- 
ing Payable: 



Total 



In Canada Abroad 
only 



Calendar Years 

1946 
1947 
1948 
1949 
1950 
Quarters 
1950- I 
II 
III 
IV 



1951- 



I 



1,632.8 
1,117.1 
2,063.3 
1,586.2 
3,054.0 

702.3 

991.6 

206.2 

1,154.0 

125.4 



1,140.0 
938.5 
1,705.0 
1,379.4 
2,396.6 

502.4 
872.7 
129.1 
892.4 

189.9 



317.5 

66.5 

161.2 

8.9 

126.4 

1.4 

3.8 

8.1 

113.2 

1.2 



1,604.3 
1,201.7 
1,896.1 
1,500.8 
2,658.2 

544.3 

964.0 

141.1 

1,008.7 

203.1 



352.5 
167.8 
68.1 
106.7 
440.6 

98.0 

83.0 

2.0 

261.6 

72.5 



324.0 

252.3 

99.1 

21.3 

44.8 

60.0 

55.5 

67.0 

116.3 

5.1 



* Issues payable in Foreign Currency are included at the par of exchange up to Sept. 15, 1939. but thereafter conversion is made on the basis of the official rati 
of the Foreign Exchange Control Board. Since Sept. 1950, the market noon rates are used. t Does not include refundable tax changes which were (in million 
of dollars) 70, 27, 85, 287, and 56 from 1946 to 1950 respectively. (1) Subject to revision. War Savings Certificates are included. Provincial Treasury Bill 
are excluded. Govt, of Canada Treasury Bills, Deposit Certificates and short-term notes sold directly to Bank of Canada and the chartered banks are not in 
eluded in Heading I but are shown separately in Heading IV. Because of lack of sufficient data no tabulation of retirements by municipalities and religious in 
stitutions was possible. However, the net reduction of total municipal bonded debt in 1946 was S43 million; before the transfer to the Quebec Municip; 

Commission of certain school debt, the estimated net increases from 1947 to 1950 were 31, 78, 105 and 129 millions of dollars respectively. (2) Before givin 
effect to the issue of $112.2 million of Quebec Hydro debentures in connection with retirement of Montreal Light Heat & Power stock. (3) Before giving effec 

to the issue of $63.2 million of Quebec Municipal Commission bonds re transfer of the debt of certain school corporations. 



__ 



P1L 1951 



62 











VI- -BUSINESS ACTIVITY 




















Dominion Bureau of Statistics 














Production 


Res- 
idential 

Con- 
struction 
Contracts 
Awarded 


Car 

Loadings 


Value 

of 

Department 

Store Sales 


Employ- 
ment 
Index 

(3) 

Unadjusted 


Aggregate 
Payrolls 




Gold 


Nickel 


Steel 


News- 
print 

(i) 


Central 
Electric 

Stations' 2 ' 


Index 

(3) 

Unadjusted 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs. 


Millions 
of Dollars 


Thousands 


Millions 
of Dollars 


1939 = 100 


1939 = 100 


n 


lTotals(«> 

932 
937 
947 
948 
949 
950 


3,044 

4,096 
3,070 
3,530 

4,124 
4,448 


15 
112 
119 

132 
129 
123 


380 

1,571 
2,945 
3,202 
3,187 
3,384 


2,186 

3,998 
4,820 
4,983 
5,176 
5,279 


12,296 
17,934 
37,376 
40,607 
42,103 
46,085 


29 

56 

197 
373 
464 
542 


2,180 
2,634 
3,957 
4,060 
3,907 
3,906 


254 
289 
707 
805 
856 
873 


(5) 

(S) 

' 158.3 

165.0 

165.5 

168.0 


(5) 
(5) 

245.2 
282.9 
303.7 
321.8 


-i 


is. ending 

;. 1951 


4,466* 


124* 


3,448 


5,361 


47,814 


540 


3,983 


896 


171.4 


334.3 




mthly 
-Dec. 


373.2 


10.8 


263.9 


414.9 


3,747 


28.5 


301 


114.3 


170.1 


317.4 




—Jan. 


354.3 


10.2 


289.9 


417.0 


3,783 


24.0 


271 


49.7 


163.8 


295.9 




Feb. 


349.9 


9.6 


258.1 


399.2 


3,434 


20.3 


282 


50.2 


158.3 


296.4 




Mar. 


383.3 


9.3 


294.3 


451.6 


3,801 


30.2 


330 


67.3 


157.9 


300.5 




Apr. 


369.7 


11.2 


279.3 


422.8 


3,656 


43.0 


292 


67.4 


159.0 


303.8 




May 


373.8 


11.0 


290.9 


459.9 


3,804 


54.2 


338 


73.7 


159.7 


305.8 




June 


368.9 


10.8 


276.4 


441.0 


3,706 


63.7 


354 


69.3 


166.0 


315.3 




July 


368.4 


9.3 


264.2 


439.3 


3,715 


74.2 


332 


55.3 


170.8 


328.3 




Aug. 


376.5 


7.7 


281.3 


466.4 


3,849 


48.5 


275 


60.8 


172.5 


332.5 




Sept. 


364.9 


11.7 


274.9 


437.6 


3,852 


56.3 


363 


78.3 


174.1 


328.0 




Oct. 


376.8 


10.3 


293.9 


456.4 


4,102 


54.8 


385 


83.8 


177.1 


346.6 




Nov. 


378.8 


11.9 


289.5 


456.7 


4,143 


44.0 


369 


98.2 


178.1 


351.7 


1 


Dec. 


383.1 


10.3 


291.2 


430.6 


4,241 


28.5 


314 


118.9 


179.2 


356.3 


I 


—Jan. 


374.5 


10.9 


309.7 


453.0 


4,367 


16.0 


331 


58.3 


175.3 


338.2 




Feb. 


347.1 


9.6 


281.4 


425.1 


3,983 


25.0 


294 


58.4 


172.3 


351.5 




Mar. 






314.8 


473.0 


4,396 


32.0 


336 


72.6 


172.1 


353.3 


) 


ource; Ne 
ommencin 
12-months 


wsprint Assoc; 
I January 195( 
ending Feb. IS 


ation of Cana 

(3) 9 Le 

51. (S) No 


da. Includes 
ading industri 
available. 


Newfoundland. (2) Tot 
es. First of month figures. 


al output less 
(4) Avera 


exports and secondary power. Includes Newfoundland 
ge of months in case of Employment and Payrolls Indexes. 










VII— c 


2ANADIA 


N GOLD 


STATIS 


TICS 









isands of Fine Ounces 



Bank of Canada 





SOURCES 


DISPOSITION 






Net Release 






Net Increase 






■ 


New 

Gold") 
Production 


Physical «> 
Imports 


from Gold 

held in 
Safekeeping 
for Non- 
residents 


Total 

Gold 

Available 


Physical'" 
Exports 


in Gold 
held in 
Safekeeping 
for Non- 
residents 


Net Increase 
or Decrease 
in Official 
Holdings' 4 ' 


Total 

Disposition 

of Gold 


alendar Years 


















1939 


5,096 


17,681 


- 


22,777 


11,104 


10,700 


973 


22,777 


1940 


5,290 


73,468 


- 


78,758 


55,987 


25,114 


2.J43 


78,758 


1941 


5,313 


1,389 


4,960 


11,662 


11,680 


- 


18 


11,662 


1942 


4,809 


- 


1,567 


6,376 


5,825 


- 


551 


6,376 


1943 


3,703 


- 


157 


3,860 


1,868 


- 


1,992 


3,860 


1944 


2,862 


214 


231 


3,307 


1,311 


- 


1,996 


3,307 


1945 


2,503 


- 


695 


3,198 


1,505 


- 


1 ,693 


3,198 


1946 


2,600 


5 


12,482 


15,087 


9,834 


- 


5,253 


15,087 


1947 


2,851 


2 


5,516 


8,369 


15,524 


- 


7,155 


8,369 


1948 


3,423 


2,384 


- 


5,807 


2,505 


11 


3,291 


5,807 


1949 


3,866 


11 


530 


4,407 


1,967 


- 


2,440 


4,407 


1950* 


4,283 


15,428 (6) 


- 


19,711 


980 


16,049 


2,682 


19,711 


Quarters 


















1950- I 


1,070 


- 


- 


1,070 


218 


396 


456 


1,070 


II 


1,097 


18 


- 


1,115 


367 


542 


206 


1,115 


111 


1,024 


4,382 


- 


5,406 


344 


4,107 


955 


5,406 


IV* 


1,091 


11,028 (6) 


- 


12,119 


51 


11,003 


1,065 


12,119 


1951- If 


1,022 


9,220 


- 


10,242 


34 


9,338 


870 


10,242 



Newly mined gold sold by the Mint (excl. small sales for industrial purposes) plus exports of raw gold or concentrates direct from the mines for refining 

abroad. This series coincides with net non-monetary gold exports published monthly since 1939 

Excluding small amounts of unmanufactured gold, scrap and manufactured forms which are shown under various headings in the import returns. 

Excluding the gold content of exports of jewellers' sweepings and precious metals scrap which are shown in the export returns. 

Holdings of the Exchange Fund Account and Bank of Canada. 

Includes 2,857 thousand fine ounces of Canadian-owned gold earmarked abroad. * Revised. t Preliminary. 



63 



APRIL 1951 



Millions of Dollars 



VIII— GOVERNMENT OF CANADA : FINANCIAL REQUIREMENTS 

Department of Finance and Bank of Canada 



Fiscal Year Ending March 31,- 



1945 



1946 



1947 



1948 



1949 



1950 



1951 



1952 



Budgetary Expenditure 

Dept. of Defence Production 

Dept. of National Defence 

War Service Gratuities and Reestablishment Credits 

Other Dept. of Veterans Affairs 

Mutual Aid and Foreign Relief 

Other War and Demobilization Expenditure"' 

Interest on Public Debt (,) 

Cost of Loan Flotations and Amortization of Discount 

Premium, Discount and Exchange 

Statutory Subsidies and Special Grants to Provinces 

Payments to Provinces under Tax Agreements 

Special Government Contribution to Superannuation Account 
Other Dept. of Finance 

Family Allowance Payments 

Old Age & Blind Pensions Subventions to Provinces' 2 ' 

General Health Grants 

Other Dept. of National Health and Welfare 

Unemployment Insurance — Administration 

— Govt. Contributions 

Government Annuities — Payments to maintain reserve 

Other Dept. of Labour 

Dept. of Agriculture 

Dept. of Mines and Resources 

Dept. of Resources and Development 

Dept. of Mines and Technical Surveys 

Dept. of Citizenship and Immigration 

Dept. of Public Works 

Dept. of Transport (8) 

Dept. of Trade and Commerce 

Dept. of National Revenue 

Dept. of Post Office 

Other Ordinary Expenditure 

Special Expenditure (mainly re Agriculture) 

C.N.R. and T.C.A. Deficits 

Other Government Owned Enterprises 

Assumption of Newfoundland Debt 

Provision for Possible Losses on Active Assets* 

Other Write-offs and Charges — Active Assets* 

Write-offs of Non-active Assets per Contra* 

I — Total Budgetary Expenditure 

Loans and Investments 

1942 Loan to U. K. Government 

Other Wartime Loans to Allied Governments 

Loans to Foreign Exchange Control Board 

Post-war Loan to U. K. Government 

Other Post- War Loans to Foreign Governments 

Loans to Railways and Govt. Corporations for war purposes . 

Loans to C.N.R. (other than above) 

Soldiers Settlement and Veterans Land Act Loans 

Housing Loans incl. Central Mortgage and Housing Corp.. . . 
Subscriptions to International Monetary Fund and 

International Bank (cash portion) 

Other Loans and Investments 

Unamortized Debt Discount and Commission 

Other Current Assets (ex. cash) 

II — Total Loans and Investments 

Ill — Deduct Certain Items Marked * Above 

TOTAL : I +H -HI 



2,938.4 

20.2 

93.6 

853.5 

585.0 

319.0 
20.7 
16.3 
14.4 
93.3 

7.9 



41.0 

1.7 

5.1 

12.7 

.3 

1.4 

9.4 
12.3 



13.2 
21.5 

6.7 
20.1 
54.6 
26.6 

7.5 

1.4 

25.0 

.4 

22.4 



2,140.8' 
239.6 
161.7 
944.2 
580.5 

409.1 
22.3 
20.6 
14.4 
98.0 4 

11.2 

172.6 
42.8 

7.3 

6.2 

12.5 

.3 

1.6 

10.3 
11.5 



16.3 
22.8 
7.4 
22.6 
57.7 
35.0 
17.4 

1.3 

25.0 

.5 

22.6 



387.6 
318.3 
283.4 

409.5 

464.4 

12.1 

9.4 

14.4 

94.4 

13.1 

245.1 
45.4 

8.6 
7.5 
15.2 
1.0 
2.0 

13.3 

18.4 



26.4 
32.9 
10.9 
28.6 
64.2 
36.1 
31.9 
9.0 
1.7 

25.0 
3.1 
1.3 



196.0 
84.2 

250.5 
16.9 

183.7 

455.5 
10.9 

33. 4 1 
122.5 

15.2 

263.2 
59.1 

10.8 

17.6 

17.5 

.3 

2.3 

16.3 
23.6 



35.6 
45.8 
10.8 
37.3 
67.9 
53.2 
63.1 
17.3 
1.4 

75.0 
6.6 
2.1 



268.8 
36.1 

234.1 

.3 

83.2 

465.1 

9.7 

.1 

17.1 

84.4 

19.0 

270.9 
66.8 

7.5 
14.4 
19.0 
20.1 
11.4 

4.7 

20.4 
46.3 



50.6 
60.0 
26.9 
49.3 
77.6 
53.7 
34.8 
36.4 
3.3 

75.0 
6.6 
2.2 



384.9 

22.5 

205.8 

45.3 

439.8 
10.5 
19.7 6 
19.2 
84.8 

22.4 

297.5 
93.2 
15.7 
16.9 
24.0 
21.1 
1.3 
6.2 

25.3 

25.0 
22.2 
17.7 
67.1 
74.1 
34.7 
50.6 
82.6 
62.5 
37.9 
46.4 
6.0 
62.3 
75.0 
28.2 



(Pre- 
liminary) 



773.0 

16.0 

193.6 

(V) 

425.2 
13.4 

18.7 

105.2 
75.0 
26.4 

309.5 

103.3 

19.3 

18.0 

25.6 

27.9 

1.5 

8.7 

49.6' 

34.4 

18.0 

21.4 

72.5 

80.1 

41.4 

49.6 

92.1 

78.0 

113.7 

4.6 

3.8 

75.0 
7.3 



(Budget 
Estimitt) 

64.2 

1,600.0 

15.4 

193.8 

(7) 

427.4 
9.2 

18.7 
96.4 

31.1 

320.0 
110.0 
25.0 
19.2 
23.8 
27.5 

9.7 

40.0 7 

35.1 
26.0 
22.6 
92.6 
85.8' 
20.3 
49.4 
94.4 
110.2 
15.1 

4.0' 



5,245.6 



55.1 

87.1 

265.0 



74.2 

66.8 

3.9 

1.2 



11.4 
5.1 
1.4 



5,136.2 



63.9 
473.4 
700.0 

207.3 
42.6 
37.0 
18.7 
10.3 



5.8 
2.7 



2,634.2 



95.8 

39.6 

680.0 

640.0 

137.9 

104.9 

23.2 

55.6 



113.1 

1.0 

10.6 

41.0 



2,195.6 



111.3 

.9 

220.0 

368.0 

130.9 

2.3 

85.0 

39.6 

22.5 



4.9 
9.3 
5.6 



2,175.9 



29.5 

.4 

450.0 

37.0 

70.6 

5.0 

7.4 

22.9 

68.0 



2.9 
6.9 
3.5 



2,448.6 



9.9 

.1 

150.0 

120.0 

5.3 

7.5 

17.7 

18.8 

91.5 

16.8 

22.8 

3.2 

17.0 



2,901.8 



40.5 

475.0 
20.0 
23.3 

19.9 
15.1 

78.5 



1.7 

2.5 

18.8 



3,700.0* 






15.0 
60.0 



310.2 

47.8 



396.4 
48.2 



78.9 

8.1 10 



291.7 

83.7 



607.7 
83.8 



359.5 

103.2 



521.7 
82.3 



5,508.0 



5,484.4 



2,705.0 



2,403.6 



2,699.8 



2,704.9 



3,341.2 



K91L 1951 



ons of Dollars 



64 



VIII— GOVERNMENT OF CANADA : SOURCES OF FINANCING 

Department of Finance and Bank of Canada 



Fiscal Year Ending March 31, — 



1945 



1946 



1947 



1948 



1949 



1950 



1951 



1952 



;i 



getary Revenue 

rsonal Income Tax (ex. Refundable Portion) . 

come Tax on Corporations 

xess Profits Tax (ex. Refundable Portion) 

ithholding Tax on Dividends, Interest, etc 

ccession Duties 



ccise on Liquor 

ccise on Tobacco 

indry Excise and Other Taxes. 



istoms Import Duties, 
ccise Tax on Imports. 

ar Exchange Tax 

.les Tax 



>st Office Department 

stum on Investments 

emium, Discount and Exchange, 
ther Ordinary Revenue 



672.8 

276.4 

341.3 

28.6 

17.2 

72.3 
150.4 
172.4 

115.1 

.5 

98.2 

209.4 

66.1 
60.7 

18.7 



686.6 

217.8 

426.7 

28.3 

21.4 

92.0 
171.7 
174.7 

128.9 

.8 

41.2 

212.2 

68.6 
70.9 

21.3 



670.5 

238.8 

442.5 

30.1 

23.6 

98.1 
183.6 
203.3 

237.4 

1.2 

.3 

298.2 

73.0 
69.4 

18.5 



659.8 

364.1 

227.0 

35.9 

30.8 

98.0 
176.1 
192.8 

293.0 
2.1 

372.3 

77.8 

75.8 

3.7 

20.5 



762.6 

492.0 

44.8 

43.4 

25.6 

101.0 
190.4 
175.8 

223.0 
.3 

377.3 

80.6 
107.9 

24.5 



622.0 

603.2 

1.8 

47.5 

29.9 

108.0 

205.4 

79.6 

225.9 



403.4 

84.5 
91.5 

29.6 



(Pre- 
liminary) 

652.0 

800.0 

10.0 

62.0 

34.0 

131.7 
206.6 
127.5 

298.0 



459.1 

90.0 

89.1 

n 

18.0 

34.7 



(Budget 
Estimates 

870.0 

976.0 

60.0 
40.0 



"577.0 



315.0 



600.0 



.242.0 



Sub-Total. 



ile of Surplus War Assets 

efunds of Previous Years' War & Demobilization Exp. 

'rite-offs of Non-active Assets per Contra* 

ther Special Receipts and Credits 



2,300.1 

8.4 

344.5 
22.4 
11.9 



2,363.2 

42.6 

584.0 

22.6 

.8 



2,588.5 

184.3 

228.5 

1.3 

5.2 



2,629.8 

63.4 

162.4 

2.1 

14.0 



2,649.1 

24.4 

92.7 

2.2 

3.0 



2,528.7 

16.3 
34.8 



3,012.7 

20.4 
45.2 

27.0 



3,680.0 



50.0 



-Total Budgetary Revenue. 



2,687.3 



3,013.2 



3,007.9 



2,871.7 



2,771.4 



2,580.1 



3,105.3 



3,730.0 



:n Account and Foreign Debt Items 

overnment Annuities 

lsurance and Superannuation Funds 

iterest Due and Outstanding and Outstanding Cheques 

ther Open Account Items 

ncrease or Decrease in Funded Debt Payable in N.Y. (net) (12> 

ncrease or Decrease in U.S. Dollar Cash Balances' 12 ' 

ncrease or Decrease in Funded Debt Payable in London (12) . 
ncrease or Decrease in Sterling Cash Balances' 12 ' 



30.0 

6.8 

61.9 

97.1 

1.0 

108.5 

.4 

12.9 



44.0 

6.8 

12.4 

27.3 

147.9 

27.0 

.3 

31.2 



69.7 

8.5 

5.7 

159.9 

38.0 

102.2 

.4 

26.6 



72.4 

18.6 

15.6 

41.3 

46.5 

9.7 

2.5 

1.1 



72.2 
32.6 

7.9 
34.4 
99.1 

8.4 

2.9 



61.4 
31.4 

6.7 

44.1 

139.7 

7.1 
44.2 

1.7 



66.3 

109.2 

2.4 

187.5 

68.1 

20.0 

6.2 

1.1 



[—Total Open Account and Foreign Debt Items. 



98.8 



115.9 



3.0 



120.1 



224.8 



308.6 



310.0 



mestic Debt Items 

Refundable Portion of Personal Income Tax (net) 

Refundable Portion of Excess Profits Tax (net) 

n reasury Bills (net) 

deposit Certificates (net) 

iYeasury Notes (net) 

)ther Funded Debt Payable in Canada only (net) 

ncrease or Decrease in Securities Investment Account. . 
ncrease or Decrease in Canadian Dollar Cash Balances. 



95.0 
124.3 

20.0 
210.0 

2,598.0 
151.3 
151.7 



4.0 

67.5 

70.0 

260.0 

256.0 

2,838.0 

184.4 

550.1 



21.5 
6.2 

460.0 
294.0 

93.7 
124.8 

52.3 



60.5 
23.7 

180.0 
200.0 
547.6 
410.0 
435.7 



223 .0 
64.0 

100.0 

81.8 

222.4 

47.2 



54.8 



518.8 

436.9 

47.3 



92.8 

100.0 

104.0 

5.2 

27.9 



II— Total Increase or Decrease in Domestic Debt. 

IV — Deduct Write-offs of Non-active Assets 

per Contra (as above) 



2,744.3 



2,609.8 



304.5 



586.1 



294.2 



183.9 



74.1 



22.4 



22.6 



1.3 



2.1 



2.2 



Total:i+ii+iii-iv. 



5,508.0 



5,484.4 



2,705.0 



2,403.6 



2,699.8 



2,704.9 



3,341.2 



Provision for reserves and write-offs of assets have been eliminated from 
"Financial Requirements", as the corresponding increases in the liability 
items and decreases in the asset items have not been shown, "Write-offs 
of non-active assets per contra" have been deducted from both "Financial 
Requirements" and "Sources of Financing". 
Includes Air Training Advance write-off of 425.0. 

Supplementary old age pensions are excluded from "other war and de- 
mobilization expenditure" in the fiscal years 1944/5 to 1947/8 and included 
with "old age and blind pensions subventions to provinces". 
"Interest on public debt" is offset, in part, by revenue from "return on 
investments". 

Includes 9.4 which was paid to Alberta re arrangements with that province 
in connection with the debt refunding plan. 

Includes payments of 16.1 to the provinces of Alberta and Saskatchewan 
in connection with natural resources agreements. 

Includes balance sheet adjustments arising out of revaluation of currencies 
in Sept. 1949. 



(7) Beginning in the fiscal year ending March 31, 1951, "other war and de- 
mobilization expenditure" is included in ordinary expenditure, (largely 
in Dept. of Agriculture). 

(8) Includes capital expenditure. 

(9) Dept. of Transport estimates amount to 89.8, of which 4.0 is shown 
under "other government-owned enterprises". 

(10) Includes credits of 21.3 in connection with losses re crown companies. 

(11) Includes balance sheet adjustments arising out of the freeing of the 
Canadian dollar on Oct. 1, 1950. 

(12) Changes in balance sheet items as given in the Public Accounts. Sterling 
debt and balances are valued at $4.86J$ up to the end of Mar. 1947, at $403 
until Sept. 1949, at $3.08 until Sept. 1950 and at S2.93J4 at Mar. 31, 1951. 
U.S. dollar debt and balances are valued at $1.00 until Sept. 1949, at 
$1.10 until Sept. 1950, and at $1.04^ at Mar. 31, 1951. 

•k The estimate given by the Minister of Finance in his budget speech of 
April 10, 1951, while the main estimates given above amount to 3,586.9. 



65 



APRIL 1951 



GOVERNMENT OF CANADA 
BUDGETARY REVENUE AND EXPENDITURE 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



5000 



4000 



3000 



2000 



1000 



BUDGETARY EXPENDITURE 






/ 



FISCAL YEARS ENDING MARCH 31 



/ 



BUDGETARY DEFICIT 



\ 



/ 



/ 



/ 



/ 



.• 



y 



\ 



- budgetary revenue 



\ 

^^ BUDGETARY SURPLUS ^^ 
X| ^ 



V 



X 



1940 41 42 43 44 45 46 

t Preliminary. * Budget estimates. 



48 49 



50 



5000 



4000 



3000 



2000 



1000 



5I T 52' 



BUDGET SURPLUS, OTHER NET RECEIPTS AND DISBURSEMENTS 
AND NET DEBT RETIREMENT 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 

FISCAL YEARS ENDING MARCH 31 



800 



600 



400 



200 



DECREASE IN 

SECURITIES 

INVESTMENT 

ACCOUNT 

NON-BUDGET 
SURPLUS 



BUDGET 
SURPLUS 



: : : : : : : : : : 



ADVANCES TO 
F EC B. 




DEBT 



gSffiM ■ RETIREMENT 



1949 



DECREASE IN 

SECURITIES 

INVESTMENT 

ACCOUNT 



BUDGET 
SURPLUS 



ADVANCES TO 
F. E.C.B. 



NON-BUDGET 
" DEFICIT — 



NON-BUDGET 
" SURPLUS - 



DEBT — 
RETIREMENT 



BUDGET 
SURPLUS 



ADVANCES TO 
- F.E.C.B. — 




SECURITIES ~ 
INVESTMENT 
ACCOUNT 

DEBT 
RETIREMENT 



800 



600 



400 



200 



1950 



1951* 



* Preliminary 



UUL 1951 



66 









IX— WHOLESALE PRIC 










Index 1935-39 = 100 








CANADA 












Dominion Bureau 












of Statistics 








Farm Produci 


s* 


Raw & 


Fully & 












Partly 
Manu- 


Chiefly 
Manu- 


Totalj 










Field 


Animal 


Total 


factured 
t 


factured 
t 




, erage of Months 














1926 


158.5 


130.2 


144.4 


129.1 


133.0 


130.3 


1929 


137.2 


144.4 


140.8 


126.1 


123.7 


124.6 


1932 


60.4 


70.5 


65.5 


75.5 


92.8 


86.9 


1937 


128.9 


106.0 


107.4 


113.7 


104.4 


107.7 


1946 


172.9 


181.2 


177.0 


140.1 


138.0 


138.9 


1947 


179.1 


200.2 


189.7 


164.3 


162.4 


163.3 


1948 


195.6 


263.7 


229.6 


196.3 


192.4 


193.4 


1949 


186.9 


265.4 


226.2 


197.1 


199.2 


198.3 


1950 


181.7 


281.4 


231.5 


212.8 


211.0 


211.2 


Monthly 














'50— Jan. 


184.9 


253.5 


219.2 


197.7 


200.1 


199.0 


Feb. 


184.3 


259.6 


222.0 


199.0 


201.0 


200.0 


Mar. 


187.8 


266.0 


226.9 


200.6 


202.4 


201.5 


Apr. 


189.7 


268.0 


228.8 


202.3 


203.1 


202.5 


May 


190.4 


272.8 


231.6 


206.9 


204.2 


204.7 


June 


192.7 


289.1 


240.9 


214.6 


207.1 


209.2 


July 


192.2 


296.4 


244.3 


218.8 


209.3 


212.0 


Aug. 


174.2 


298.5 


236.3 


221.2 


213.7 


215.7 


Sept. 


172.6 


297.1 


234.9 


226.0 


221.6 


222.6 


Oct. 


170.2 


286.8 


228.5 


220.0 


220.8 


220.0 


Nov. 


170.3 


290.5 


230.4 


221.9 


223.2 


222.4 


Dec. 


170.6 


298.4 


234.5 


225.1 


225.7 


225.2 


)51— Jan. 


173.5 


310.9 


242.2 


231.1 


233.6 


232.3 


Feb. 


177.9 


329.6 


253.7 


237.1 


240.0 


238.5 


Mar. 


181.2 


347.2 


264.2 


238.8 


244.1 


241.8 


; AHinstoH tr> 1Q35-3 


— inn frn 




= 100. 









U.S.A. 

Bureau 
of Labor Statistics^ 



U.K. 

Board of 
Traded 



Farm 
Products 


Raw 

Materials 


Manu- 
factured 
Products 


Total 


131.6 


130.2 


120.8 


124.1 


138.0 


127.0 


114.1 


118.2 


63.4 


71.7 


84.9 


80.4 


113.7 


110.4 


105.3 


107.1 


195.5 


175.1 


139.9 


149.9 


238.1 


215.4 


176.1 


188.5 


247.9 


232.4 


192.5 


204.9 


217.7 


213.2 


182.6 


192.2 


224.3 


224.6 


189.4 


200.4 


203.6 


208.1 


179.0 


188.0 


209.3 


211.5 


180.1 


189.5 


209.7 


212.0 


179.8 


189.5 


209.6 


211.6 


180.4 


189.7 


216.7 


216.5 


183.8 


193.4 


218.3 


218.4 


185.4 


195.2 


231.6 


228.9 


190.8 


202.1 


233.7 


233.2 


194.7 


206.5 


237.4 


236.7 


198.1 


210.3 


233.9 


234.6 


197.5 


209.8 


241.7 


240.2 


199.4 


213.0 


246.6 


243.6 


204.0 


217.5 


255.5 


250.8 


209.1 


223.4 


266.6 


259.1 


212.0 


227.8 


268.2 


259.6 


212.3 


228.3 



Total 



124.8 
115.0 
86.2 
109.5 
176.4 
193.2 
220.9 
231.7 
264.7 

246.2 
246.8 
247.1 
251.4 
257.0 
258.7 
262.0 
265.9 
274.0 
281.5 
291.0 
294.4 

302.1 
307.8 
315.7 



| Adjusted to 1935-39 = 100 from base 1913 = 100 in the years 1926 to 1929 inclusive and from base 1930 = 100 thereafter. 

An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies, 
payments are included and the series revised whenever such payments are announced. t Revised. 



Participation 



iex 1935-39 = 100 



X— COST OF LIVING* 

Dominion Bureau of Statistics 



Weighting 



Food 



31 



Fuel and 
Lighting 



Clothing 



12 



Rent 



19 



Home 
Furnishings 
and Services 



Miscellaneous 



23 



Total 
Index 



100 



Average of Months 
1932 
1937 
1946 
1947 
1948 
1949 
1950 
First of Month 
1949— Nov. 
Dec. 

1950— Jan. 
Feb. 
Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

1951— Jan. 
Feb. 
Mar. 
Apr. 



85.7 
103.2 
140.4 
159.5 
195.5 
203.0 
210.9 

203.3 
201.9 

199.4 
201.3 
204.0 
204.5 
204.6 
209.0 
214.3 
216.7 
218.8 
220.1 
218.6 
218.8 

220.2 
224.4 
233.9 
238.4 



106.8 
98.9 
107.4 
115.9 
124.8 
131.1 
138.3 

135.1 
135.2 

135.6 
135.9 
136.3 
138.0 
137.5 
137.1 
137.7 
138.4 
140.8 
141.0 
140.6 
140.7 

141.5 
141.7 
146.5 
146.7 



100.6 
101.4 
126.3 
143.9 
174.4 
183.1 
182.3 

183.7 
183.7 

183.3 
183.0 
181.4 
181.2 
180.8 
180.7 
180.7 
180.9 
182.3 
183.5 
184.5 
184.9 

187.1 
192.4 
196.3 
198.8 



109.7 
99.7 
112.7 
116.7 
120.7 
123.0 
132.9 

123.9 
125.0 

125.0 
125.0 
132.7 
132.7 
132.7 
132.7 
134.9 
134.9 
135.5 
135.5 
136.4 
136.4 

136.4 
136.4 
137.6 
137.6 



100.4 



101.5 
124.5 
141.6 
162.6 
167.6 
169.2 

167.4 
167.1 

167.0 
166.4 
166.3 
166.4 
166.4 
166.9 
166.9 
168.9 
171.1 
172.7 
174.8 
176.4 

179.8 
185.1 
188.6 
190.7 



100.1 
112.6 
117.0 
123.4 
128.8 
132.6 

130.2 
130.5 

131.6 
132.1 
132.1 
132.3 
132.3 
132.4 
132.5 
132.5 
132.8 
133.3 
133.4 
134.1 

135.8 
137.0 
137.8 
138.8 



99.0 
101.2 
123.6 
135.5 
155.0 
160.8 
166.5 

161.7 
161.5 

161.0 
161.6 
163.7 
164.0 
164.0 
165.4 
167.5 
168.5 
169.8 
170.7 
170.7 
171.1 

172.5 
175.2 
179.7 
181.8 



Components were selected and weighted on the basis of 1938 family incomes ranging from $4S0-$2,500, with incomes between $1,000-$1,600 most common. 



67 



APRIL 1951 
XI— ESTIMATED CANADIAN BALANCE OF I 



Millions of Canadian Dollars 



1949 



Receipts 



Payments 



Ha la nee 



1950* 



Receipts Payments Balance 



All Countries 
Current Account 

Merchandise Trade (Adjusted) 

Gold Available for Export 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items 

Total Current Account 

CAPrr-AL Account 

New Issues or Retirements of Canadian 

Securities held abroad 

Net Sales or Purchases of Outstanding Securities. . . 

Govt. Loans and Advances to other Countries 

Repayts. on 1942 Canadian Loan to U.K 

Net Direct Investment in Canada 

Other Capital Transactions, Net 

Increase in Liquid Reserves of Gold and l T .S. Dollars 

Capital Movement 

Balancing Item (2 > 

U.K. and Other Sterling Area 
Current Account 

United Kingdom 

Merchandise Trade (Adjusted) 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items 

Total 

Other Sterling Area 

Merchandise Trade (Adjusted) 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items'" 

Total 

Total Sterling Area 

Merchandise Trade (Adjusted) 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Remaining Current Items 

Total 

Total Current Account— United Kingdom 

Other Sterling Area . 

Total Sterling Area . 
Capital Account 

Retirements of Canadian Securities 

Net Sales or Purchases of Outstanding Securities. . . 

Repayts. on 1942 Canadian Loan to U.K 

Post War Loan to U.K 

Net Direct Investment in Canada 

Other Capital Transactions, Net 

Capital Movement 

Net Receipts of Convertible Exchange 
from Sterling Area Transactions'" 

Balancing Item < 2 » 



139 

286 

83 

303 

277 



4,077 



13 
5 



701 

11 

9 

89 

80 



890 

300 
2 

4 
30 

4 



340 

1,001 

13 

13 

119 

84 

1,230 
890 
340 

1,230 



2,696 

192 
390 
253 
359 

3,890 



300 
17 
55 
32 
47 



451 



187 



205 

487 
21 
56 
37 
55 



656 
451 
205 
656 



120 



293 

139 

94 

307 

50 

82 



187 



* 


42 




24 


120 


107 


- 


5 


3 


88 




10 




134 




176 




11 



401 

6 

46 

57 

33 



439 

113 

2 

3 

25 

4 



135 

514 

8 

43 

82 

29 



574 
439 
135 
574 

10 
16 
5 
120 
13 
56 



72 

491 
11 



3,139 

163 

275 

93 

287 
272 

4,229 



22 
51 



469 

7 

5 

65 

50 



596 

201 
3 

5 
17 

4 



230 

670 
10 
10 
82 
54 



826 
596 
230 
826 



51 



3,129 

222 
474 
301 
419 

4,545 



50 



399 
19 
55 
36 
54 



563 

244 
4 

3 
5 



256 

643 
23 
55 
39 
59 



819 
563 
256 
819 



50 



UL 1951 

riONAL PAYMENTS : 1949 AND 1950* 



68 



Si istics 



Millions of Canadian Dollars 



1949 



Receipts Payments Balance 



1950* 



Receipts Payments Balance 



u 



>. and Other Countries 
Current Account 

United States 

Merchandise Trade (Adjusted) . 
Gold Available for Export. . . . 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items 



Total 

Other "E.R.P." Countries 
Merchandise Trade (Adjusted). 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items 



TOTAL 

Other Countries 

Merchandise Trade (Adjusted) . 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items 



Total 

Total U. S. and Other Countries 

Merchandise Trade (Adjusted) 

Net Exports of Non-monetary Gold. 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items 



Total. 



Total Current Account— United States 

other e.r.p. countries 
Other Countries 



Total U.S. and Other Countries 

Capital Account 

New Issues or Retirements of 

Canadian Securities 

Net Sales or Purchases of Outstanding Securities. . 

Repayment of Export Credits 

Net Direct Investment in Canada 

Other Capital Transactions, net 

Increase in Liquid Reserves of Gold 

and U.S. Dollars 



Capital Movement. 



Net Sales of Convertible Exchange Received 
from Sterling Area Transactions' 1 ) 

Balancing Item' 2 ' 



,521 
139 
268 
40 
126 
170 



2,264 

246 

4 

14 

28 

12 



304 

221 
1 

16 
30 
11 



279 

1,988 
139 
273 
70 
184 
193 



2,847 

2,264 

304 

279 

2,847 



13 



1,899 

164 
325 
193 

272 



2,853 

79 
6 
7 

16 
9 



117 

231 

1 

2 

7 

23 



264 

2,209 

171 
334 
216 
304 



3,234 

2,853 

117 

264 

3,234 



378 
139 
104 
285 
67 
102 



589 

167 

2 

7 

12 

3 



187 

10 

14 
23 
12 



15 

221 
139 
102 
264 
32 
111 



387 
589 
187 
15 
387 



32 
40 
13 
75 
66 

134 



104 



491 



2,046 
163 
260 
56 
157 
186 



2,868 

200 

4 

14 

24 

22 

264 

223 

1 
13 

24 
10 



271 

2,469 
163 
265 
83 
205 
218 



3,403 

2,868 

264 

271 

3,403 



22 



2,093 

190 
410 
240 
329 



3,262 

113 

8 

7 

14 

10 



152 

280 

1 

2 

8 

21 



312 

2,486 

199 

419 
262 
360 



3,726 

3,262 

152 

312 

3,726 



Preliminary. 

This represents convertible exchange received from the Sterling area, and available in turn for application to Canada's deficiency with the United States. 

Reflects possible errors and the omissions of certain factors which cannot be measured statistically, such as changes in the timing of payments for goods and 

services. 

Not available. 

Includes errors and omissions 



69 



Millions of Dollars 



XII— MERCHANDISE IMP( 

Compiled from "Trade of i 





Fruits 




Grains 
and 


Sugar 


Tea 


Alcoholic 


Vegetable 


Rubber 




Hides 
and 


\ 




and 


Vegetables 


Milled 


and 


and 


Beverages 


Oils 


(incl. syn- 


Furs 


Leatli' r 






Nuts 




Products 
(incl. rice) 


Products 


Coffee 




(1) 


(non- 
edible) 


thetic) 




(unmfd. 
and mfd 




Calendar Years 
























1929 


39 


11 


26 


28 


18 


47 


12 


23 


I.". 


20 




19:32 


21 


5 


6 


17 


10 


17 


5 


4 


4 


6 




1937 


29 


6 


18 


21 


14 


8 


16 


19 


8 


12 




1946 


118 


27 


20 


40 


26 


13 


12 


20 


27 


13 




1947 


100 


25 


36 


57 


35 


14 


23 


29 


22 


2C 




1948 


91 


8 


31 


72 


42 


l(i 


19 


32 


25 


19 




1949 


96 


19 


26 


71 


50 


22 


21 


29 


20 


25 




1950 


113 


25 


39 


87 


71 


17 


31 


49 


22 


28 




12-Mths. ending 
























Feb. 1951 


118 


25 


42 


89 


73 


17 


34 


62 


25 


30 




Monthly 
























1949— Oct. 


10.4 


.9 


3.1 


7.9 


4.5 


1.8 


2.5 


2.7 


1.8 


1.9 




Nov. 


10.5 


1.2 


5.1 


10.7 


5.7 


2.7 


2.4 


2.7 


1.6 


1.7 




Dec. 


9.2 


1.7 


2.6 


4.5 


4.4 


3.1 


1.6 


2.4 


1.2 


1.8 




1950— Jan. 


5.8 


1.9 


1.0 


2.0 


6.0 


1.6 


1.7 


3.0 


2.3 


2.3 




Feb. 


7.3 


2.1 


1.0 


1.7 


5.1 


1.0 


1.9 


3.1 


2.3 


2.5 




Mar. 


8.9 


2.5 


1.0 


4.5 


4.0 


1.0 


2.8 


3.0 


1.8 


2.7 




Apr. 


7.7 


2.8 


1.6 


3.1 


7.2 


1.0 


1.7 


3.1 


1.3 


2.0 




May 


10.9 


4.1 


3.7 


10.7 


6.5 


1.0 


2.1 


3.1 


2.1 


1.9 




June 


12.2 


4.3 


4.5 


9.1 


5.1 


1.4 


3.2 


2.8 


1.3 


1.7 




July 


11.3 


2.2 


3.1 


7.6 


5.8 


1.1 


3.9 


2.8 


1.0 


1.4 




Aug. 


10.9 


.3 


4.0 


8.2 


5.6 


1.2 


1.9 


4.1 


1.4 


1.9 




Sept. 


9.1 


.3 


4.5 


7.4 


6.8 


1.5 


2.0 


5.6 


2.2 


2.5 




Oct. 


9.7 


.8 


4.3 


15.0 


8.0 


1.5 


3.7 


4.6 


3.1 


3.2 




Nov. 


10.4 


1.4 


4.7 


11.2 


6.3 


2.3 


3.5 


6.3 


1.9 


3.3 




Dec. 


9.0 


1.7 


6.0 


6.6 


4.7 


2.2 


2.6 


7.2 


1.4 


2.8 




1951— Jan. 


9.3 


2.5 


2.3 


3.8 


6.7 


1.6 


4.0 


11.9 


4.7 


3.7 




Feb. 


8.0 


2.1 


1.9 


1.9 


5.8 


1.3 


2.9 


7.3 


3.1 


3.1 


1 




Chemicals 




Pigs, Ingots 


Bars and 


Sheets, 


Structural 


Castings 


Engines, 


Farm 


Machinery 






and 


Iron 


Blooms 


Rods incl. 


Plates, 


Iron and 


and 


Loco- 


Implements 


(except 


1 




Allied 


Ore 


and 


Rails 


Hoop, Band 


Steel 


For gin gs 


motives 


and 


agri- 


1 




Products 




Billets 




and Strip 






and Boilers 


Machinery 


cultural) 


' 


Calendar Years 
























1929 


40 


5 


3 


12 


37 


15 


6 


18 


32 


70 




1932 


28 


- 


- 


1 


11 


1 


2 


6 


2 


16 




1937 


37 


5 


1 


5 


37 


4 


3 


11 


17 


46 




1946 


93 


6 


1 


8 


38 


8 


7 


29 


68 


130 




1947 


113 


13 


2 


12 


48 


18 


9 


44 


105 


206 




1948 


118 


16 


6 


12 


54 


18 


10 


50 


140 


217 




1949 


131 


12 


6 


13 


67 


18 


13 


59 


177 


216 




1950 


158 


17 


5 


11 


66 


16 


10 


55 


162 


226 




12-Mths. ending 
























Feb. 1951 


168 


17 


6 


13 


71 


18 


10 


60 


161 


240 




Monthly 
























1949— Oct. 


12.2 


1.8 


.1 


.5 


2.9 


.7 


.7 


4.2 


12.2 


17.7 


1 


Nov. 


13.1 


.2 


.3 


.4 


1.9 


.5 


l.l 


3.9 


12.6 


17.4 




Dec. 


11.8 


.3 


.1 


.5 


3.9 


1.2 


.8 


4.3 


10.6 


16.7 




1950— Jan. 


11.0 


_ 


.1 


.5 


4.4 


1.2 


.7 


3.6 


13.1 


18.2 




Feb. 


10.5 


- 


.1 


.6 


3.9 


1.3 


.5 


3.3 


13.3 


14.7 




Mar. 


13.3 


- 


.1 


.7 


3.7 


1.2 


.5 


4.5 


17.7 


18.4 




Apr. 


11.9 


- • 


.1 


.7 


4.2 


1.1 


.7 


4.3 


18.3 


18.5 




May 


15.1 


.8 


.3 


.7 


6.2 


1.4 


.9 


6.4 


20.1 


21.8 




lune 


14.5 


2.0 


.2 


1.1 


5.7 


1.3 


.7 


4.9 


15.8 


19.0 


1 


July 


12.6 


2.5 


.4 


.9 


5.6 


1.3 


.7 


6.3 


13.0 


18.3 


:: 


Aug. 


12.8 


2.5 


.4 


.7 


5.3 


1.2 


.7 


4.4 


13.7 


17.3 


I! 


Sept. 


13.6 


3.3 


.7 


1.0 


6.3 


1.5 


1.0 


3.7 


8.9 


17.3 




Oct. 


14.8 


2.9 


.4 


1.7 


7.4 


1.8 


.8 


4.8 


9.6 


22.0 




NIov. 


16.2 


2.2 


1.2 


1.5 


7.9 


1.8 


1.3 


4.3 


9.4 


21.9 


Dec. 


11.9 


.5 


.8 


1.0 


5.6 


1.5 


.9 


4.2 


8.6 


19.0 


1951— Jan. 


17.6 


_ 


1.0 


1.0 


7.4 


2.0 


.8 


6.3 


12.2 


25.7 


Feb. 


14.0 


— 


.9 


1.1 


6.3 


1.7 


.6 


5.6 


13.4 


20.8 




(1) Before 1935 import 


otals arc sub 


jtantially ov< 


r-valued owi 


ng to inclusio 


n of U.K. cx< 


iae taxes on 


-pirits import 


ed from that 


country. 


f Impo 


in Council (9213) an 


d the item "< 


Canadian Go( 


)ds Returned 


- (9195) are < 


■xcluded. 












• 



70 



1 


\ )DITY CLASSIFICATION 
















it 


i bureau of 


Statistics 




















1 


> 




















Millions of Dollars 


■ 


3 )N 




Wool 




















Silk 
(raw and 






Artificial 


Flax, Hemp 


Other 


Paper 


Books and 
Printed 


Other Wood 
and Wood 














i 




mfd.) 


Raw and 




Silk 


and Jute 


Textiles 




Matter 


Products 




Mfd. 




Unmfd. 


Mfd. 






































Calendar Years 




34 


29 


10 


40 


13 


15 


30 


15 


18 


30 


1929 




13 


10 


5 


11 


3 


6 


12 


7 


10 


6 


1932 




20 


8 


16 


19 


4 


11 


16 


8 


14 


12 


1937 




75 


4 


30 


35 


22 


23 


31 


19 


31 


20 


1946 




119 


7 


30 


54 


34 


38 


46 


23 


32 


35 


1947 




78 


4 


48 


67 


30 


27 


39 


17 


31 


25 


1948 




73 


6 


37 


63 


30 


20 


37 


20 


36 


30 


1949 




67 


8 


55 


52 


21 


26 


45 


23 


43 


34 


1950 

12-Mths. ending 




73 


8 


55 


64 


23 


25 


47 


26 


44 


37 


Feb. 1951 

Monthly 




4.2 


.5 


3.0 


3.2 


1.6 


1.9 


3.1 


2.0 


3.7 


2.5 


Oct.— 1949 




4.5 


.5 


2.3 


3.5 


1.7 


1.9 


3.4 


1.8 


3.8 


2.7 


Nov. 




4.2 


.5 


2.5 


2.8 


1.4 


1.1 


3.0 


1.6 


3.2 


2.1 


Dec. 




6.1 


.6 


3.0 


4.6 


1.8 


1.9 


3.8 


1.6 


3.2 


2.3 


Jan.— 1950 




5.4 


.6 


3.3 


4.1 


1.6 


2.1 


3.7 


1.7 


3.0 


2.7 


Feb. 




5.6 


.6 


4.3 


5.0 


1.8 


1.9 


3.9 


1.9 


3.7 


2.9 


Mar. 




6.0 


.5 


3.1 


3.9 


1.6 


2.4 


3.5 


1.8 


3.3 


2.4 


Apr. 




5.7 


.5 


4.2 


4.2 


1.6 


2.6 


4.0 


2.1 


3.7 


2.7 


May 




4.9 


.6 


5.1 


4.3 


1.4 


2.0 


3.0 


1.9 


3.2 


3.1 


June 




5.0 


.6 


4.9 


4.0 


1.4 


2.6 


3.0 


1.8 


3.2 


2.8 


July 




5.0 


.5 


5.5 


4.7 


1.7 


1.4 


3.2 


1.8 


3.6 


2.9 


Aug. 




4.8 


.6 


4.5 


4.2 


1.7 


2.3 


3.7 


1.9 


3.8 


2.9 


Sept. 




6.1 


.8 


5.2 


5.0 


2.1 


2.2 


4.8 


2.2 


4.2 


3.6 


Oct. 




6.5 


.9 


6.0 


4.4 


2.4 


2.4 


4.7 


2.5 


4.1 


3.4 


Nov. 




5.5 


.8 


6.0 


3.9 


2.0 


1.7 


3.5 


2.2 


3.4 


2.7 


Dec. 




9.8 


1.1 


2.6 


10.3 


3.1 


2.5 


5.3 


2.8 


4.2 


3.8 


Jan.— 1951 


- 


8.5 


.8 


3.8 


9.5 


2.5 


1.3 


4.7 


2.6 


3.4 


3.9 


Feb. 


- 




Tin 




Other 


Coal 


Petroleum 




Other 


All 


Total t 






Bauxite 


and 


Electrical 


Non-ferrous 


and 


and 


Glass 


Non- 


Other 






Ore 


Products 


Apparatus 


Metals 


Products 


Products 




metallic 


Imports 


Imports 




















Minerals 






























Calendar Years 


i 


3 


3 


37 


48 


64 


77 


11 


35 


75 


1,299 


1929 




2 


1 


8 


11 


35 


43 


5 


13 


33 


453 


1932 




4 


3 


16 


25 


42 


59 


9 


27 


48 


809 


1937 


1 


9 


6 


48 


58 


133 


123 


23 


53 


119 


1,864 


1946 


■ 


9 


7 


69 


77 


154 


207 


29 


63 


159 


2,570 


1947 


1 


10 


8 


62 


76 


206 


301 


26 


73 


115 


2,636 


1948 


i 


10 


8 


70 


87 


157 


274 


25 


79 


157 


2,760 


1949 


1 


10 


10 


83 


113 


190 


307 


28 


86 


171 


3,173 


1950 

12-Mths. ending 


I 


11 


12 


88 


117 


195 


323 


29 


90 


186 


3,363 


Feb. 1951 

Monthly 


< 


1.4 


.3 


7.5 


8.0 


12.1 


25.2 


2.4 


7.8 


14.1 


234.2 


Oct.— 1949 


i 


1.5 


.6 


6.8 


9.7 


13.9 


23.0 


28 


7.5 


14.0 


239.5 


Nov. 


1 


.2 


.4 


5.8 


8.3 


12.5 


26.4 


2.0 


5.0 


11.0 


213.3 


Dec. 


i 


.3 


.4 


6.7 


9.1 


12.3 


16.1 


2.0 


5.1 


10.8 


211.9 


Jan.— 1950 


1 


.1 


.3 


5.5 


7.2 


10.1 


15.2 


2.0 


4.6 


9.5 


200.1 


Feb. 


i 


.2 


.9 


7.3 


10.4 


10.5 


20.5 


2.3 


5.5 


12.8 


237.3 


Mar. 




.3 


.6 


6.9 


7.3 


13.2 


15.9 


2.2 


5.9 


15.3 


230.9 


Apr. 




.6 


.6 


7.2 


8.4 


18.1 


29.6 


2.7 


7.9 


14.1 


290.2 


May 




.9 


.9 


6.8 


8.5 


18.1 


29.1 


2.3 


7.7 


13.7 


282.4 


June 




1.1 


.5 


5.7 


8.1 


16.1 


27.0 


2.2 


8.0 


13.5 


259.5 


July 




.9 


1.1 


6.4 


7.6 


18.3 


28.6 


2.2 


7.9 


16.6 


267.3 


Aug. 




1.7 


1.2 


6.5 


12.1 


19.5 


33.0 


2.3 


7.7 


15.0 


279.7 


Sept. 




1.5 


1.2 


8.0 


11.2 


21.2 


33.1 


2.7 


9.8 


17.5 


320.5 


Oct. 




1.7 


1.9 


8.3 


12.1 


19.8 


31.5 


3.0 


9.8 


18.2 


327.3 


Nov. 




.5 


.8 


7.2 


10.7 


13.2 


27.4 


2.3 


6.3 


14.2 


266.3 


Dec. 




.6 


1.1 


9.5 


11.3 


14.0 


27.1 


2.8 


7.3 


18.7 


327.1 


Jan.— 1951 




.5 


1.5 


7.8 


9.5 


13.1 


20.1 


2.2 


6.2 


16.4 


274.2 


Feb. 



jgdom do not include articles imported for the use of the armed forces of the United Kingdom. In the years 1946 and 1947 articles free under Order in 



71 



APRIL 1951 



Millions of Dollars 



XIII— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTS 10 * 





TOTAL EXPORTS (EXCLUDING GOLD) TO 


Net 








U.K. 


Union 


Other 


Western 


Central 




Total 


Non- 
monetary 




U.S.A. 


U.K. 


Dependen- 


of 


Sterling 


Europe & 


and 


Other 


All 


Gold 








cies 


South 
Africa 


Area 
(3) 


Colonies 
(4) 


South 
America 


(5) 


Countries 


Exports 


Calendar Years 






















1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


96 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


99 


1948 


1,516 


719 


95 


83 


115 


307 


127 


164 


3,125 


119 


1949 


1,529 


710 


72 


76 


151 


254 


132 


99 


3,022 


139 


1950 


2,050 


472 


52 


44 


108 


201 


154 


75 


3,156 


162 


12 Mths. end'g 






















Mar. 1951 <•> 


2,167 


473 


52 


43 


121 


212 


168 


79 


3,316 


159 


Monthly 






















1949-Oct. 


150.6 


73.0 


4.7 


4.3 


8.2 


15.3 


10.4 


8.2 


274.8 


13.2 


Nov. 


171.5 


58.5 


5.3 


3.7 


13.9 


22.0 


10.0 


8.3 


293.2 


15.4 


Dec. 


159.0 


43.1 


5.2 


6.3 


14.9 


20.3 


14.7 


10.2 


273.7 


12.5 


1950-Jan. 


133.8 


48.8 


5.3 


3.7 


5.2 


11.8 


7.4 


7.9 


224.0 


15.8 


Feb. 


131.2 


29.1 


3.8 


3.2 


7.4 


10.4 


7.7 


8.8 


201.6 


11.7 


Mar. 


158.6 


32.8 


4.2 


2.5 


8.3 


11.9 


8.4 


7.6 


234.3 


13.5 


Apr. 


139.3 


25.1 


4.3 


4.1 


7.3 


8.2 


15.8 


4.9 


209.0 


11.4 


May 


178.6 


53.3 


4.6 


4.8 


16.5 


17.8 


14.0 


7.2 


296.8 


15.8 


June 


178.9 


52.9 


3.7 


5.5 


9.1 


17.6 


15.0 


6.8 


289.4 


15.0 


July 


170.1 


31.9 


4.9 


4.3 


9.7 


19.4 


11.2 


4.1 


255.5 


14.8 


Aug. 


170.9 


41.4 


3.8 


2.0 


6.1 


18.2 


14.6 


6.1 


263.2 


13.8 


Sept. 


195.5 


34.6 


5.3 


3.6 


8.2 


15.8 


17.0 


4.9 


285.0 


10.8 


Oct. 


207.2 


45.9 


4.3 


4.9 


7.0 


23.5 


15.4 


5.9 


314.0 


16.4 


Nov. 


196.0 


39.7 


4.7 


2.9 


11.9 


25.4 


13.9 


6.6 


301.0 


12.3 


Dec. 


190.5 


36.2 


3.2 


2.6 


11.4 


20.7 


13.1 


4.4 


282.0 


11.3 


1951-Jan. 


191.2 


40.0 


4.8 


3.9 


10.4 


16.2 


14.1 


10.8 


291.4 


17.3 


Feb. 


155.4 


33.0 


3.8 


1.2 


10.1 


14.6 


11.4 


7.8 


237.4 


11.7 


Mar/ 6 ' 


193.8 


38.9 


4.7 


3.6 


13.4 


14.5 


12.5 


9.9 


291.4 


8.4 



Millions of Dollars 




MERCHANDISE IMPORTS*"* 












TOTAL IMPORTS (EXCLUDING GOLD) FROM 


Excess of 
Merch- 
andise 








U.K. 


Union 


Other 


Western 


Central 


All 


Total 


Exports 
over 




U.S.A. 


U.K. 
(2) 


Dependen- 
cies 


of 
South 
Africa 


Sterling 

Area 

(3) 


Europe & 

Colonies 

(4) 


and 

South 
America 


Other 
(5) 


All 
Countries 


Merch- 
andise 
Imports 


Calendar Years 
1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


514 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


225 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


489 


1949 


1,952 


306 


107 


4 


77 


83 


193 


39 


2,760 


263 


1950 


2,130 


403 


135 


5 


103 


114 


215 


68 


3,173 


17 


12 Mths. end'g 
Feb. 1951 <•> 


2,265 


414 


147 


5 


107 


122 


231 


73 


3,363 


104 


Monthly 
1949-Oct. 


167.6 


19.3 


11.1 


.2 


8.0 


6.8 


17.8 


3.4 


234.2 


40.7 


Nov. 


162.7 


26.4 


10.1 


.4 


8.5 


8.4 


18.8 


4.2 


239.5 


53.8 


Dec. 


151.0 


20.6 


5.2 


.2 


4.6 


6.7 


20.3 


4.6 


213.3 


60.5 


1950-Jan. 


154.5 


26.1 


4.4 


.2 


6.2 


5.0 


12.4 


3.2 


211.9 


12.1 


Feb. 


143.1 


25.3 


4.2 


.2 


6.9 


5.9 


10.6 


3.9 


200.1 


1.5 


Mar. 


160.9 


32.7 


7.4 


.8 


6.1 


6.7 


18.3 


4.5 


237.3 


3.1 


Apr. 


162.2 


29.5 


5.7 


.2 


7.2 


6.4 


14.9 


4.7 


230.9 


21.9 


May 


195.5 


36.3 


16.0 


.6 


7.6 


8.8 


18.8 


6.5 


290.2 


6.6 


June 


188.3 


37.1 


13.4 


.4 


9.7 


10.1 


15.2 


8.3 


282.4 


6.9 


July 


170.6 


32.7 


12.6 


.3 


9.1 


9.8 


18.2 


6.1 


259.5 


3.9 


Aug. 


172.6 


34.3 


14.1 


.2 


7.3 


10.9 


21.9 


6.0 


267.3 


4.0 


Sept. 


177.4 


36.2 


14.7 


.6 


8.4 


11.0 


25.4 


6.0 


279.7 


5.3 


Oct. 


208.3 


41.6 


14.8 


.5 


12.2 


13.8 


22.0 


7.3 


320.5 


6.5 


Nov. 


214.8 


39.5 


16.0 


.8 


13.8 


15.3 


20.6 


6.5 


327.3 


26.3 


Dec. 


182.3 


32.0 


11.7 


.2 


8.3 


10.4 


16.2 


5.1 


266.3 


15.7 


1951-Jan. 


233.3 


33.9 


12.5 


.2 


10.2 


9.5 


22.1 


5.4 


327.1 


35.7 


Feb.<°> 


199.0 


27.8 


7.8 


.4 


6.7 


9.1 


17.0 


6.2 


274.2 


36.7 


Mar.<" 


245.9 


30.4 














342.6 





* Commencing April 1, 1949, external trade of Newfoundland included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

(1) Includes exports of foreign produce. In the case of wheat, export figures 
are based on Board of Grain Commissioners rather than Customs data. 

(2) Imports from the United Kingdom do not include articles imported for 
the use of the armed forces of the United Kingdom. In the years 1946 and 



(3) 

(4) 
(5) 

(6) 



1947 articles admitted free under Order in Council (9213) and the item 

"Canadian Goods Returned" (9195) are excluded. 

Consists of Eire, India, Pakistan. Burma, Australia, New Zealand, Iceland, 

Ceylon and Iraq. Egypt is included in All Other. 

Excludes Spain, but includes Greece, Turkey, and British Sudan. 

Includes Egypt, Spain, Palestine, and also Newfoundland until March 31. 

1949. 

Preliminary. (7) Estimates. 



ntL 1951 



72 



MERCHANDISE TRADE* 

EXPORTS, IMPORTS AND BALANCE 



MILLIONS OF DOLLARS 



RUNNING 12- MONTH TOTALS 



MILLIONS OF DOLLARS 




3200 



3000^rg::;:gg>x^ 

EXPORT BALANCE $9$ 
» WITH ALL COUNTRIES -.v^ 

g:;;:X:;X;::: 
2800 0&&ry^ 



2600 



2200 



2000 



1800 




1000 




DMJSDMJ SDMJ 

1949 1950 1951 

* Excluding Gold. March figures are preliminary. See also footnotes to table on page 71. 



■TATISTICAL SUMMARY 

BANK OF CANADA 



Tables Charts Pages 

I Bank of Canada : 

Liabilities and Assets . 73-74 

Chartered Banks: Notice Deposits in Canada 73 

Currency and Active Bank Deposits 74 

II Chartered Banks: 

Liabilities and Assets 75-76 

III General Public Holdings of Certain Liquid Assets 75-76 

IV Security Prices 

Government Securities Payable in Canada only 77 

Yields of Government of Canada Bonds, Payable in Canada only . 77 

Government Securities: Canada, U.K. and U.S. A 78 

Yields of Government Bonds: Canada, U.K. and U.S.A. . 78 

V Profit Statistics for 433 Companies: 1939-50 79 

Profit Statistics for 433 Companies 80 

VI Business Activity 80 

VII Average Hourly and Weekly Earnings and Hours Worked in 

Manufacturing . 81 

Hours Worked, and Hourly and Weekly Earnings in Manufacturing . 81 

VIII Labour Force Status of Population 82 

IX Use of Major Energy Sources 83 

Use of Major Energy Sources 83 

X Wholesale Prices 84 

XI Cost of Living 84 

XII Net Income of Farm Operators From Farm Operations 85 

Farm Income, Prices and Operating and Living Costs .... 85 

XIII Farm Operating and Living Costs 86 

XIV Physical Volume of Agricultural Production 86 

XV Merchandise Exports: Commodity Classification 87-88 

XVI Merchandise Trade: Exports and Imports by Countries 89 

Merchandise Trade: Exports, Imports and Balance .... 90 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 



Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



AY 1951 



73 
















MA\ 


' 1951 


Millions of Dollars 
















I-BA 




LIABILITIES 




Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other 
Deposits 


Foreign 
Currency 
Deposits' 1 ' 


Active 
B. of C. 

Note 
Circulation 


All 
Other 

Accounts 


Tot; 

Liabil 
or 

Asse 




Notes 
in Tills 


Deposits 

at 
R.of C. 


Total 


Average of 


















■ 


Montli-cnd Figures 




















1935—10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


29< 


1937—12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


37: 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


44! 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


l,84i 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,89! 


1947 


152.8 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,91! 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,97; 


1949 


180.8 


567.7 


748.4 


98.4 


79.9 


57.4 


1,086.8 


38.7 


2,10! 


1950 


192.3 


561.6 


753.9 


41.9 


206.2 


101.4 


1,100.9 


37.8 


2,242 


End of 




















1950— Jan. 


200.2 


530.7 


730.9 


94.3 


145.8 


78.6 


1,059.0 


42.1 


2,15( 


Feb. 


179.5 


554.8 


734.4 


24.3 


176.4 


82.2 


1,071.1 


21.9 


2,11( 


Mar. 


150.5 


567.3 


717.8 


71.2 


150.7 


79.2 


1,108.0 


36.9 


2,163 


Apr. 


165.5 


551.6 


717.1 


41.3 


199.8 


91.5 


1,104.3 


27.8 


2,18; 


May 


210.6 


534.3 


745.0 


68.9 


202.7 


78.8 


1,065.3 


31.1 


2,191 


June 


154.7 


544.5 


699.2 


35.3 


215.8 


89.6 


1,121.1 


40.5 


2,201 


July 


200.3 


552.7 


753.0 


19.6 


228.9 


94.6 


1,093.9 


34.4 


2,224 


Aug. 


220.2 


568.2 


788.3 


16.7 


233.1 


106.2 


1,083.6 


36.9 


2,265 


Sept. 


179.3 


555.8 


735.1 


22.0 


258.2 


89.6 


1,139.1 


38.6 


2,282 


Oct. 


211.8 


621.7 


833.5 


39.0 


235.2 


143.3 


1,110.0 


48.3 


2,409 


Nov. 


204.1 


578.8 


782.9 


45.3 


221.0 


149.7 


1,119.4 


56.3 


2,374 


Dec. 


231.3 


578.6 


809.9 


24.7 


207.1 


133.6 


1,136.1 


39.0 


2,350 


1951— Jan. 


219.6 


537.6 


757.3 


68.3 


204.4 


136.0 


1,074.8 


53.3 


2,294 


Feb. 


202.8 


550.5 


753.3 


69.5 


204.6 


128.9 


1,092.6 


39.8 


2,28. 


Mar. 


185.1 


552.9 


738.0 


70.5 


206.7 


88.5 


1,134.4 


28.7 


2,2« 


Apr. 


203.1 


556.1 


759.2 


56.9 


215.1 


137.7 


1,119.9 


58.9 


2,34? 



(1) Includes foreign exchange items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March 31, 1949. if May 1940 and sui 
gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to the Foreign Exchange Control B< 



CHARTERED BANKS : NOTICE DEPOSITS IN CANADA 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4600 



4400 



4200 



4000 




4600 



4400 



4200 



4000 



DEC JAN 



FEB. MAR 



APR 



JUNE JULY 



[AY 1951 


















74 


ANADA 














Millions of Dollars 


ASSETS 






Silver 


Foreign 11 ' 
Exchange 


Securities 


Advances 


All 

Other 

Accounts 




Govt, of Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 




Under 2 yrs. 


Over 2 yrs. 






















Average of 






















Month-end Figures 




1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935—10 Mths. 




2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937—12 Mths. 




- 


41.7 
• 


142.8 
• 


46.2 
• 


- 


- 


189.1 

• 


.2 


6.7 


1939 




- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 




- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 




- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 




- 


.4 


1,133.3 


787.7 


25.0 


- 


1,946.0 


- 


26.7 


1948 




- 


53.1 


1,421.8 


571.9 


25.0 


4.3 


2,023.0 


- 


33.4 


1949 




- 


110.2 


1,503.3 


467.8 


25.0 


100.5 


2,096.6 


— 


35.4 


1950 

End of 




- 


73.2 


1,769.1 


235.4 


25.0 


5.5 


2,035.0 


- 


42.6 


Jan. — 1950 




- 


76.8 


1,786.2 


191.1 


25.0 


5.5 


2,007.8 


- 


25.7 


Feb. 




- 


73.8 


1,655.9 


358.9 


25.0 


5.5 


2,045.4 


- 


44.6 


Mar. 




- 


86.2 


1,668.3 


371.0 


25.0 


5.5 


2,069.8 


- 


25.9 


Apr. 




- 


73.4 


1,685.7 


372.6 


25.0 


5.5 


2,088.8 


- 


29.5 


May 




- 


84.2 


1,436.7 


622.0 


25.0 


5.5 


2,089.2 


- 


28.2 


June 




- 


89.2 


1,431.0 


638.7 


25.0 


5.5 


2,100.2 


- 


35.1 


July 




- 


161.5 


1,420.4 


569.2 


25.0 


60.3 


2,074.9 


- 


28.5 


Aug. 




- 


212.3 


1,406.1 


444.6 


25.0 


170.0 


2,045.6 


- 


24.7 


Sept. 




- 


152.5 


1,381.4 


435.7 


25.0 


360.7 


2,202.9 


- 


54.0 


Oct. 




- 


127.4 


1,170.0 


662.0 


25.0 


328.1 


2,185.1 


- 


62.1 


Nov. 




- 


111.7 


1,229.3 


712.5 


25.0 


247.9 


2,214.7 


- 


24.0 


Dec. 




_ 


118.1 


1,171.0 


731.5 


25.0 


200.3 


2,127.7 


- 


48.2 


Jan. — 1951 




- 


117.5 


1,165.4 


757.0 


25.0 


168.7 


2,116.1 


- 


55.1 


Feb. 




- 


80.2 


1,341.9 


673.7 


25.0 


114.4 


2,155.1 


- 


31.6 


Mar. 




- 


129.0 


1,327.6 


722.5 


25.0 


70.6 


2,145.7 


— 


73.0 


Apr. 



ve effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order, 
date the Bank's minimum gold reserve requirement has been suspended. 



Under these orders the Bank's 



CURRENCY AND ACTIVE BANK DEPOSITS* 



MILLIONS OF DOLLARS 

5000 



4000 



MILLIONS OF DOLLARS 



3000 



2000 



1000 




5000 



4000 



3000 



2000 



1000 



DJFMAMJJASONDJFMAMJJASONDJFMAMJJASONDJFMAMJJASOMD 
'948 1949 1950 1 95 1 

* For figures and footnotes see table III on page 75. 



75 



MAY 1951 



Millions of Dollars 



II— CHAR' 

Ban] 





LIABILITIES 






Notes 


Deposits 


Cash 

in (J) 
Canada 




Securities 






Demand 


Notice 


Govt, of 

Canada 

and Prov. 


Canadian 
Deposits 

(i) 


Foreign 


Total 
Deposits 

(2) 


Govt, of 
Canada 


Prov- 
incial 


Foreign 
Govt. 


Othe 


As at Dec. 31 


























1929 


175 


729 


1,434 


92 


2,270 


442 


2,820 


228 


297 


151 


1932 


127 


466 


1,378 


72 


1,928 


329 


2,306 


211 


562 


216 


1937 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


1,111 


59 


242 


1948 


16 


2,544 


4,057 


426 


7,099 


811 


8,002 


738 


2,959 


476 


242 


59? 


1949 


14 


2,426 


4,433 


367 


7,348 


730 


8,177 


753 


3,112 


445 


242 


545 


1950 


- 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 


599 


End of 


























1950— Feb. 


- 


2,391 


4,537 


349 


7,350 


728 


8,191 


734 


3,165 


424 


252 


549 


Mar. 


- 


2,399 


4,572 


429 


7,490 


719 


8,307 


718 


3,240 


416 


229 


569 


Apr. 


- 


2,330 


4,560 


411 


7,382 


737 


8,226 


717 


3,185 


410 


235 


568 


May 


- 


2,453 


4,557 


407 


7,504 


758 


8,372 


745 


3,185 


410 


243 


570 


June 


- 


2,538 


4,538 


371 


7,552 


745 


8,409 


699 


3,057 


407 


238 




July 


- 


2,493 


4,529 


265 


7,389 


742 


8,233 


753 


3,017 


419 


225 




Aug. 


- 


2,618 


4,543 


412 


7,672 


728 


8,522 


788 


3,258 


416 


215 




Sept. 


- 


2,709 


4,582 


306 


7,659 


709 


8,569 


735 


3,188 


424 


230 


595 


Oct. 


- 


2,822 


4,559 


358 


7,887 


706 


8,724 


834 


3,173 


404 


201 


571 


Nov. 


- 


2,824 


4,543 


452 


7,995 


716 


8,845 


783 


3,081 


416 


205 




Dec. 


- 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 


599| 


1951— Jan. 


- 


2,638 


4,577 


533 


7,884 


724 


8,739 


757 


3,054 


401 


188 


605 1 


Feb. 


- 


2,612 


4,618 


445 


7,841 


734 


8,702 


753 


2,887 


398 


190 




Mar. 


- 


2,487 


4,614 


523 


7,753 


719 


8,625 


738 


2,801 


373 


210 




Apr. 




2,725 


4,598 


360 


7,856 


749 


8,742 


759 


2,742 


368 


208 


6071 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. (3) Until March 1935: Gold and Coin in Canada, D; ! 

end Canadian deposits in 1926-35 and monthly average deposits in 1936 and after. (5) Bank of Canada notes in public circulation and chartered bank note circula 
standing notes issued for circulation in Canada transferred to Bank of Canada during January 1950. 



Millions of Dollars 



III— GENERAL PUBLIC HOLDING 
Currency, Bank Deposits a 

Ban 





Currency and Active Bank Deposits 






Currency 
Outside Banks 






Active Bank Deposit 


s 






Tot; 
Cum 

ant 




Chartered Banks 


(7) 

Bank of 






























Notes o) 


Coin< 2 > 


Total 


(3) 

Demand 


Active (4) 
Notice 


OtherW 

excl. 

Govt. 

of Canada 


Total 


Deduct™ 
Float 


Net 
Total 


Canada 
"Other" 
Deposits 


Total 


Acti 

Ban 

Depo; 1 ' 


As at Dec. 31 
























'" f- 


1948 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


4,33 


1949 


1,110 


74 


1,184 


2,426 


682 


338 


3,446 


335 


3,111 


127 


3,238 


4,42 


1950 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,8: 


End of 


























1950— Feb. 


1,071 


72 


1,143 


2,391 


699 


330 


3,420 


326 


3,094 


176 


3,270 


4,41 


Mar. 


1,108 


73 


1,181 


2,399 


704 


372 


3,475 


361 


3,114 


151 


3,265 


4,H 


Apr. 


1,104 


74 


1,178 


2,330 


704 


351 


3,385 


280 


3,105 


200 


3,305 


4,4! 


May 


1,065 


73 


1,138 


2,453 


702 


348 


3,503 


365 


3,138 


203 


3,341 


4,4- 


June 


1,121 


75 


1,196 


2,538 


699 


351 


3,588 


475 


3,113 


216 


3,329 


4,52 


July 


1,094 


75 


1,169 


2,493 


695 


318 


3,506 


355 


3,151 


229 


3,380 


4,54 


Aug. 


1,084 


75 


1,159 


2,618 


696 


323 


3,637 


351 


3,286 


233 


3,519 


4,6; 


Sept. 


1,139 


77 


1,216 


2,709 


699 


389 


3,797 


352 


3,445 


258 


3,703 


4,91 


Oct. 


1,110 


77 


1,187 


2,822 


695 


437 


3,954 


451 


3,503 


235 


3,738 


4,92 


Nov. 


1,119 


77 


1,196 


2,824 


694 


419 


3,937 


476 


3,461 


221 


3,682 


4,8', 


Dec. 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,8; 


1951— Jan. 


1,075 


76 


1,151 


2,638 


702 


395 


3,735 


402 


3,333 


204 


3,537 


4,« 


Feb. 


1,093 


76 


1,169 


2,612 


709 


415 


3,736 


448 


3,288 


205 


3,493 


4.6* 


Mar. 


1,134 


78 


1,212 


2,487 


711 


428 


3,626 


376 


3,250 


207 


3,457 


4,6( 


Apr. 


1,120 


78 


1,198 


2,725 


709 


429 


3,863 


499 


3,364 


215 


3,579 


4,7'- 



•jr The term General Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings see Table III, page 59 in the April Statistical Summary. 
f Chartered banks' Newfoundland branch statistics are included as from 
1 April 1st. 1949. 
■fc-frThe whole of the increase or decrease in Canada's foreign exchange reserves 
is embodied in the related factors in this table; to the extent that such 
changes do not appear in the column "Bank of Canada Gold and Exchange 
Holdings (net)" they affect changes in "Government of Canada Direct 
and Guaranteed Funded Debt." 
(1) Note Circulation of Bank of Canada and. prior to 1950, of the chartered 
banks; excluding notes held by chartered banks. 



(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada and 
chartered banks in Canada. 

(3) Chartered banks' public demand deposits in Canada. 

(4) Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts and 
non-personal notice deposits. 

(5) Chartered banks' Canadian dollar deposits of provincial governments, 
and of Canadian, United Kingdom, and foreign banks. 

(6) Cheques on other banks as shown in chartered bank month-end returns 
to the Minister of Finance. 

(7) Other Deposits with the Bank of Canada as shown in published month-end 
statements — i.e. excluding Government of Canada, chartered bank and 
foreign currency deposits. 



1ETS 



Loans 



CANADA 



Call 



262 
103 
76 
101 
133 
134 

84 

83 

103 

105 

145 

94 

99 

101 

115 

164 

134 

118 

109 
94 

87 



Current 
Public 



1,403 

964 

749 

2,077 

2,174 

2,651 

2,182 
2,218 
2,226 
2,234 
2,293 
2,287 
2,294 
2,352 
2,449 
2,611 
2,651 

2,671 
2,736 
2,856 
2,886 



Current 
Other 



122 
140 
113 

71 

97 

125 

117 
126 
123 
118 
115 
98 
98 
121 
116 
126 
125 

124 
136 
152 
161 



ABROAD 



Call 



245 
91 
60 
78 
70 

100 

75 

76 

98 

87 

90 

95 

95 

110 

117 

96 

100 

113 

114 
96 
97 



Current 



251 
152 
166 
240 
211 
247 

215 
209 
212 
214 
222 
223 
220 
233 
230 
234 
247 

252 
256 
252 
271 



Total 

Assets 



3,521 
2,852 
3,281 
8,580 
8,718 
9,496 

8,717 
8,839 
8,770 
8,912 
8,950 
8,796 
9,102 
9,162 
9,323 
9,450 
9,496 

9,379 
9,354 
9,284 
9,403 



76 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in (3) 


Deposits 


Canadian 


Note ( 5 ) 






(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


711 


6,547 


10.9 


1,053 


1948 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


722 


7,190 


10.0 


1,060 


Feb.— 1950 


723 


7,304 


9.9 


1,070 


Mar. 


748 


7,417 


10.1 


1,078 


Apr. 


742 


7,394 


10.0 


1,070 


May 


724 


7,419 


9.8 


1,071 


June 


755 


7,433 


10.1 


1,084 


July 


781 


7,369 


10.6 


1,082 


Aug. 


734 


7,557 


9.7 


1,096 


Sept. 


812 


7,786 


10.4 


1,107 


Oct. 


779 


7,881 


9.9 


1,111 


Nov. 


792 


7,847 


10.1 


1,131 


Dec. 


802 


7,890 


10.2 


1,079 


Jan.— 1951 


728 


7,766 


9.4 


1,083 


Feb. 


748 


7,655 


9.8 


1,103 


Mar. 


770 


7,734 


10.0 


1,106 


Apr. 



nd "Free" Central Gold Reserve Deposits: after that date: Bank of Canada Notes and Deposits. (4) Figures given are averages of estimated month- 

jeing, since September 1944, an approximate figure only. (6) Notes issued for circulation outside Canada only commencing in January: liability for out- 



iRTAIN LIQUID ASSETS*t 

4ENT OF CANADA SECURITIES 



Millions of Dollars 



Govt, of 

Canada 

Securities 

(»)(10>(12) 



Total 



Related Factors** 



Govt, of Canada Direct and Guaranteed Funded Debt (9) 



Held by Bk. of Can. & Ch. Bks 



Total 

(10) 



Deduct (n > 
Govt, of 
Canada 
Deposits 



Net 
Total 



Held by Other Investors 



Total 



Deduct 
Securities 
held by all 
Govt.Accts 



Net 
Total 



Bank< 13 > 
Loans 
&Non- 
Govt. 
Invest- 
ments 



Bk.ofCan 
Gold and 
Exchange 
Holdings 
(Net) 



Deduct 

All 

Other 

(Net) 

(14) 



10,249 

9,904 

10,069 

9,835 

9,803 

9,772 

9,711 

9,869 

9,819 

9,840 

10,020 

10,068 

10,184 

10,069 

10,099 

10,076 

10,048 

9,992 



17,992 
18,077 
18,781 

18,086 
18,118 
18,112 
18,045 
18,233 
18,202 
18,366 
18,822 
18,857 
18,912 
18,781 

18,662 
18,647 
18,620 
18,657 



4,972 
5,121 
5,021 

5,142 
5,255 
5,224 
5,243 
5,116 
5,087 
5,248 
5,039 
4,990 
4,913 
5,021 

4,956 
4,809 
4,817 
4,792 



320 
181 
280 

116 
217 
182 
215 
160 
68 
204 
1 
108 
253 
280 

344 
266 
295 
161 



4,652 
4,940 
4,741 

5,026 
5,038 
5,042 
5,028 
4,956 
5,019 
5,044 
5,038 
4,882 
4,660 
4,741 

4,612 
4,543 
4,522 
4,631 



11,506 
10,700 
10,916 

10,623 

10,593 

10,551 

10,495 

10,665 

10,631 

10,646 

10,835{ 

10,906 

11,046 

10,916 

10,947 
10,922 
10,893 
10,845 



1,257 
796 
847 

788 
790 
779 
784 
796 
812 
806 
815 
838 
862 
847 

848 
846 
845 
853 



10,249 

9,904 

10,069 

9,835 

9,803 

9,772 

9,711 

9,869 

9,819 

9,840 

10,020* 

10,068 

10,184 

10,069 

10,099 

10,076 

10,048 

9,992 



3,341 
3,419 
3,950 

3,381 
3,437 
3,455 
3,461 
3,559 
3,502 
3,521 
3,618 
3,681 
3,921 
3,950 

3,943 
4,022 
4,101 
4,133 



226 



116 
293 
370 
306 
226 

182 

157 

106 

62 



250 
186 
205 

156 

160 
157 
155 
151 
138 
155 
147 
144 
159 
205 

174 
151 
157 
161 



As at Dec. 31 

1948 

1949 

1950 
End of 
Feb.— 1950 
Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

Jan.— 1951 

Feb. 
Mar. 
Apr. 



Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits in 
Canada. 

Direct and guaranteed securities (including refundable taxes). Direct 
debt includes both matured and unmatured issues outstanding, exclusive 
of sinking fund holdings; guaranteed debt is included on the basis of the 
total unmatured issues outstanding; Newfoundland debt assumed by 
the Government of Canada has been included since June 1949. Foreign 
pay securities have been valued at official mid-rates of exchange to 
September 30. 1950, and at market rates thereafter. 

Chartered banks' temporary advances to the general public in connection 
with the purchase of Victory Loan Bonds at time of issue, amounting to 
166, 261, 271, and 411 in the years 1942 to 1945 inclusive, have been 



(ID 
(12) 
(13) 



(14) 
t 



included in bank holdings of Government securities and deducted from 

holdings of the general public. 

Canadian dollar deposits of the Government of Canada at chartered 

banks and Bank of Canada. 

Holdings of all investors other than Bank of Canada, chartered banks 

and Government of Canada accounts. 

All loans in Canada of the chartered banks other than temporary advances 

in connection with Victory Loan issues, plus chartered banks' holdings 

of provincial, municipal and "other" securities, and Bank of Canada 

holdings of Industrial Development Bank Capital stock. 

Net of all related asset and liability items not shown elsewhere in this table. 

Excludes $50 million (U.S. funds) borrowed in New York to redeem an 

issue falling due on October 1st. 



77 



IV— SECURITY PRICES 

Bank of Canada 





Government of Canada Bonds Payable in Canada Only 






Based on Middle of the Market quotations 






Average of Business Days 


15th of Each Month 






Theoretical 


Theoretical 


Theoretical 


Theoretical 




3% Perpetuals 


15 Year 


9 Year 


5 Year 


2 Year 






Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 














1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.92 


1.39 


1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


1947 


104.00 


2.73 


2.57 


2.25 


1.75 


1.43 


1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 


1949 


100.88 


2.93 


2.83 


2.64 


2.24 


1.66 


1950 


101.70 


2.87 


2.78 


2.67 


2.22 


1.81 


Monthly 














1950— Jan. 


101.89 


2.86 


2.75 


2.62 


2.18 


1.73 


Feb. 


101.58 


2.88 


2.73 


2.60 


2.16 


1.73 


Mar. 


101.78 


2.86 


2.73 


2.60 


2.16 


1.72 


Apr. 


101.78 


2.86 


2.77 


2.63 


2.18 


1.73 


May 


102.14 


2.84 


2.75 


2.61 


2.17 


1.74 


June 


102.29 


2.82 


2.73 


2.59 


2.10 


1.74 


July 


101.86 


2.86 


2.77 


2.67 


2.14 


1.77 


Aug. 


102.05 


2.84 


2.75 


2.64 


2.15 


1.74 


Sept. 


102.41 


2.81 


2.71 


2.62 


2.17 


1.76 


Oct. 


101.82 


2.86 


2.75 


2.68 


2.22 


1.83 


Nov. 


100.95 


2.93 


2.88 


2.84 


2.42 


2.02 


Dec. 


99.89 


3.00 


2.99 


2.97 


2.55 


2.17 


1951— Jan. 
Feb. 


99.44 


3.02 


3.02 


3.00 


2.63 


2.26 


99.41 


3.02 


3.02 


3.00 


2.60 


2.27 


Mar. 


96.68 


3.10 


3.25 


3.21 


2.89 


2.70 


Apr. 


96.34 


3.11 


3.24 


3.20 


2.75 


2.48 


May 


96.23 


3.12 


3.24 


3.18 


2.62 


2.28 



YIELDS OF GOVERNMENT OF CANADA 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15 th of each month 



BONDS 



10% 




10% 



I 4% 



18% 



2 2% 



2 6% 



3 0% 



3 4% 



3 8% 



1937 1938 1939 1940 1941 1942 1943 1944 I94!> 1946 1947 1946 1949 I9SO 1951 

(1) Prior to 1940 figures are for the 1st of month. (2) 1937 figures are for the 1st of the month; 1938-39 figures are for average of month. 
(3) June 1st. 



l \Y 1951 



78 



IV— SECURITY PRICES 

Bank of Canada 





Government Bonds 


3 Month Treasury Bills 


Average of Business Days 


Tender Rate Nearest 15th of Month 


Canada (1> 


U. K.<»> 


U.S.A.< 3 > 






















U K 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 








Annual Average 




















1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


1947 


104.84 


2.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.592 


1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


All 


.509 


1.037 


1949 


101.54 


2.85 


100.00 


2.93 


103.21 


2.24 


.485 


.521 


1.096 


1950 


102.23 


2.77 


97.38 


3.19 


103.00 


2.24 


.552 


.516 


1.215 


Monthly 




















1949— Oct. 


103.04 


2.70 


96.18 


3.27 


104.51 


2.13 


.512 


.524 


1.050 


Nov. 


103.08 


2.69 


95.11 


3.34 


104.76 


2.11 


.512 


.523 


1.056 


Dec. 


102.65 


2.73 


97.17 


3.20 


104.88 


2.10 


.512 


.519 


1.115 


1950— Jan. 


102.65 


2.73 


95.84 


3.29 


104.80 


2.10 


.512 


.524 


1.101 


Feb. 


102.71 


2.72 


96.47 


3.25 


104.25 


2.14 


.513 


.524 


1.131 


Mar. 


102.70 


2.72 


95.68 


3.31 


103.76 


2.18 


.512 


.525 


1.131 


Apr. 


102.39 


2.75 


96.72 


3.23 


103.37 


2.21 


.513 


.512 


1.160 


May 


102.68 


2.72 


97.01 


3.21 


103.15 


2.23 


.514 


.513 


1.165 


June 


102.55 


2.73 


98.08 


3.14 


102.91 


2.25 


.512 


.514 


1.177 


July 


102.20 


2.77 


96.72 


3.23 


102.73 


2.26 


.512 


.512 


1.168 


Aug. 


102.41 


2.75 


97.10 


3.21 


102.69 


2.26 


.546 


.513 


1.173 


Sept. 


102.88 


2.70 


98.11 


3.14 


102.41 


2.29 


.615 


.514 


1.311 


Oct. 


102.16 


2.77 


99.29 


3.05 


102.16 


2.31 


.623 


.514 


1.337 


Nov. 


101.21 


2.87 


99.26 


3.05 


101.98 


2.32 


.624 


.513 


1.380 


Dec. 


100.24 


2.97 


98.30 


3.12 


101.73 


2.35 


.626 


.519 


1.351 


1951— Jan. 


99.94 


3.01 


98.34 


3.12 


101.96 


2.32 


.626 


.511 


1.391 


Feb. 


99.94 


3.01 


96.44 


3.26 


101.87 


2.33 


.728 


.513 


1.391 


Mar. 


97.88 


3.17 


96.27 


3.28 


100.19 


2.48 


.755 


.512 


1.402 


Apr. 


97.49 


3.21 


95.27 


3.35 


98.68 


2.59 


.755 


.511 


1.529 


May 


97.54 


3.20 


94.25 


3.43 


97.41 


2.69 


.755 


.512 


1.626 



Government of Canada 3% due Sept. 1. 1961-66. (2) United Kingdom 3% due Apr. 15, 1959-69. 

1963-68 is not eligible for commercial banks before Dec. 1, 1952. 



(3) U.S. Treasury 2\i% due Dec. 15. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS : CANADA, U.K. AND U.S.A. 

Daily Opening Quotations 




22% 



24% 



26% 



28% 



3 0% 



32% 



3.4% 



36% 



JUNE JULY AUG SEPT OCT NOV DEC JAN fEB MAP) APB MAY JUNE 

1950 1951 

* Security is not eligible for commercial banks before Dec. 1. 1952. 



79 



Millions of Dollars 



MAY 1951 



V— PROFIT STATISTICS FOR 433 COMPANIES*: 

Bank of Canada 
SUMMARY STATEMENT 



1939-50 



Fiscal Year Nearest to Calendar Year 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


1949 


1950 


Net Operating Profit (Before Depreciation)'" 


395 


501 


618 


688 


057 


594 


577 


629 


797 


916 


939 


1152 


Depreciation 


97 


116 


142 


164 


160 


135 


128 


128 


143 


168 

47 


205 

51 


224 
54 


Investment and Other Non-Operating Income (Net) 


40 


35 


39 


32 


33 


35 


37 


41 


43 


Bond Interest (incl. Exch. & Amortization of Disc.) . . 


40 


41 


40 


39 


38 


37 


36 


34 


30 


34 


39 


44 


Net Profit before Income & E.P. Tax Provision' 1 '. . 


298 


379 


475 


517 


492 


457 


450 


508 


667 


761 


746 


938 


Income & E.P. Tax Provision (ex. Refundable Portion) 


58 


140 


218 


257 


248 


225 


218 


226 


278 


267 


268 


365 


Net Income to Stockholders " ><3) 


240 

196 


239 

197 


257 

194 


260 

182 


244 

177 


232 

169 


232 

169 


282 

212 


389 

252 


494 

273 


478 

298 

21 


573 




Net Income Paid out in Cash Dividends 


340 
19 


Forced Saving (Refundable Portion of E.P. Tax). . 








15 


28 


22 


21 


1 




10 


Other Undistributed Income 


44 


42 


63 


63 


39 


41 


42 


69 


137 


231 


201 


252 



NET INCOME TO STOCKHOLDERS : INDUSTRIAL CLASSIFICATION 



Fiscal Year Nearest to Calendar Year 



Grain Mill Products 

Food 

Beverages 

Tobacco 

Leather 

Rubber 

Primary Textiles 

Misc. Textiles 

Clothing 

Wood Products (incl. Logging) 

Pulp and Paper 

Paper Products 

Printing and Publishing 

Iron, Steel and Products 

Machinery 

Electrical Machinery & Equipment 

Gold Mining 

Other Non-Ferrous Metals 

Non-Metallic Minerals (ex. Fuels) 

Coal and Natural Gas 

Petroleum 

Chemicals 

Paints and Polishes 

Wholesale Trade and Service 

Retail Trade and Service 

Electric Utilities 

Telephones 

Transportation and Storage 

Grain Elevators 

Total of 433 Companies 



Number 
of Com- 
panies 



6 

27 

9 

3 

6 
6 

14 
10 
16 

11 

20 

16 

5 

34 
36 
18 

27 

16 

19 

8 

7 

16 

7 

32 
21 
18 
6 
11 



433 



1939 



2.1 

8.7 
5.7 

7.2 

.1 
2.3 
3.2 
2.5 
1.0 

1.0 

3.4 

1.6 

.4 

11.6 
7.3 
5.7 

34.3 
68.5 
5.0 
3.0 
27.2 
8.6 
1.0 

2.7 
4.0 
12.4 
8.1 
1.2 
.1 



239.9 



1940 



2.1 

6.2 
4.7 
6.7 

2.2 
2.8 
2.2 
1.0 

.7 

11.9 

1.6 

.3 

11.0 

10.9 

6.2 

32.2 
67.6 

4.6 
2.7 
22.9 
7.7 
1.0 

2.3 
3.8 
12.8 
8.2 
1.6 
1.2 



239.1 



1.9 
6.5 
6.1 
6.4 

.1 
3.1 
3.6 
2.9 
1.2 

.8 

12.3 

1.9 

.4 

12.4 

15.0 

7.0 

29.0 
74.1 
5.0 
2.7 
21.1 
8.1 
1.0 

3.1 

4.7 
13.5 
9.8 
2.6 
1.1 



257.4 



1942 
(3) 



2.0 

7.1 
6.9 
6.6 

.2 
4.8 
3.6 
3.0 
1.4 

1.0 

10.0 

2.0 

.4 

13.7 

18.8 

8.3 

23.2 
72.9 
5.5 
2.9 
19.8 
7.2 
1.2 

3.6 
5.3 
15.4 
9.9 
2.4 
1.0 

260.1 



1943 
(3) 



2.6 
7.2 
6.4 
6.6 

.2 
4.0 
3.2 
2.7 
1.3 

.7 
9.3 
1.8 

.3 

14.1 

16.4 

7.9 

18.0 
68.0 
4.1 
2.7 
21.8 
6.6 
1.0 

3.2 
5.8 
15.5 
9.3 
1.9 
1.4 

244.0 



1944 
(3) 



2.7 
7.3 
7.7 
6.6 

.2 
3.5 
3.3 
2.8 
1.5 

.6 

11.3 

1.8 

.3 

12.8 
15.0 

8.7 

13.0 
58.4 
3.8 
2.6 
22.1 
7.1 
1.1 

3.1 
6.8 
14.6 
9.5 
1.9 
1.6 

231.7 



1945 

(3) 



2.5 

6.4 
9.6 
6.8 

.2 
3.9 
3.4 
2.8 
1.6 

.9 

12.3 

1.8 

.4 

11.5 

14.2 

7.1 

11.2 
57.0 
4.9 
2.9 
22.6 
7.4 
1.2 

3.7 
7.7 
14.8 
10.2 
2.0 
1.2 



232.2 



1946 
(3) 



2.9 

7.7 

13.7 

7.0 

.3 

4.6 
3.9 
3.8 
2.3 

1.4 

28.3 

3.3 

.5 

13.2 
13.5 

6.2 

8.3 
70.3 
6.6 
2.7 
25.3 
9.1 
1.4 

5.4 

12.1 

16.4 

10.3 

.8 

1.1 

282.4 



3.8 

9.4 

16.1 

6.8 

.4 
9.6 
5.5 
4.5 
2.5 

4.0 

48.2 

4.9 

.5 

18.4 
26.9 
11.8 

6.5 

104.5 

8.3 

2.9 

29.5 

11.5 

1.9 

5.5 
13.0 
17.7 
11.7 

1.8 



388.9 



1948 



4.4 
12.3 

16.4 

7.7 

.4 
6.0 
8.7 
4.7 
2.3 

5.7 

65.5 

6.0 

.5 

28.5 

40.8 
15.7 

7.7 

137.6 

12.5 

4.0 
34.2 
12.8 

2.3 

7.6 

15.2 

17.3 

12.7 

3.1 

1.2 

493.8 



1949 



3.8 

12.0 
13.2 

7.2 

.2 
2.6 
9.1 
4.8 
1.9 

3.6 

57.1 

5.6 

.5 

31.0 
57.0 
20.4 

11.5 

111.5 

13.2 

3.9 
36.6 
14.0 

1.8 

6.8 
15.7 
17.7 
9.5 
3.9 
1.4 

477.5 



1950 



2.5 
13.5 

11.7 
7.3 

.2 
7.8 

10.6 
5.0 
1.7 

7.4 

80.2 

6.8 

.7 

38.0 
61.6 
25.9 

11.2 

129.2 

17.6 

4.2 
46.0 
17.4 

1.6 

7.7 

17.4 

21.6 

13 3 

3.3 

1.7 

572.9 



* Compiled by Bank of Canada. Includes those companies covered in the 
tabulations on pages 163 and 164 of the October 1950 issue of the Statistical 
Summary for which 1950 statements had become available in time for 
publication. 
(1) For purposes of comparability any special capital charges made against 
income account in company reports have been added back as well as 
"contingent" and "general" reserves. Special inventory reserves (amount- 
ing to .7, 4.1, 8.6, 4.5, 2.0. 3.2, -1.9, 2.5, 10.2, 7.7, 1.1, 4.8, in the years 



1939-1950 respectively), whether shown by the company in operating 
expenses or as an adjustment to earned surplus, have been deducted in 
arriving at Net Operating Profit. 

(2) Includes deferred development and depletion provision amounting to 
8.9, 9.8. 9.6, 9.1, 7.7, 8.2, 8.0, 7.6, 8.1, 9.2, 8.2, 9.4, in the years 1939-1950 
respectively. 

(3) Including the refundable portion of the Excess Profits Tax. 



IW 1951 



VI— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





Production 


Res- 
idential 
Con- 


Car 


Value 
of 


Employ- 
ment 
Index 


Aggregate 
Payrolls 












Index 










News- 


Central 


struction 


Loadings 


Department 


(3) 


(3) 




Gold 


Nickel 


Steel 


print 
(i) 


Electric 
Stations' 2 ' 


Contracts 
Awarded 




Store Sales 


Unadjusted 


Unadjusted 


Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 




Millions 








Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 


Thousands 


of Dollars 


1939 = 100 


1939 = 100 


lualTotalsd' 






















1932 


3,044 


15 


380 


2,186 


12,296 


29 


2,180 


254 


(5) 


(5) 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


289 


(5) 


(5) 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


158.3 


245.2 


1948 


3,530 


132 


3,202 


4,983 


40,607 


373 


4,060 


805 


165.0 


282.9 


1949 


4,124 


129 


3,187 


5,176 


42,103 


464 


3,907 


856 


165.5 


303.7 


1950 


4,448 


123 


3,384 


5,279 


46,085 


542 


3,906 


873 


168.0 


321.8 


-nths. ending 






















>pr. 1951 


4,455* 


126* 


3,480 


5,387 


48,384 


547 


4,028 


903 


172.6 


338.8 


Monthly 
iO— Jan. 


354.3 


10.2 


289.9 


417.0 


3,783 


24.0 


271 


49.7 


163.8 


295.9 


Feb. 


349.9 


9.6 


258.1 


399.2 


3,434 


20.3 


282 


50.2 


158.3 


296.4 


Mar. 


383.3 


9.3 


294.3 


451.6 


3,801 


30.2 


330 


67.3 


157.9 


300.5 


Apr. 


369.7 


11.2 


279.3 


422.8 


3,656 


43.0 


292 


67.4 


159.0 


303.8 


May 


373.8 


11.0 


290.9 


459.9 


3,804 


54.2 


338 


73.7 


159.7 


305.8 


June 


368.9 


10.8 


276.4 


441.0 


3,706 


63.7 


354 


69.3 


166.0 


315.3 


July 


368.4 


9.3 


264.2 


439.3 


3,715 


74.2 


332 


54.8 


170.8 


328.3 


Aug. 


376.5 


7.7 


281.3 


466.4 


3,849 


48.5 


275 


61.4 


172.5 


332.5 


Sept. 


364.9 


11.7 


274.9 


437.6 


3,852 


56.3 


363 


78.3 


174.1 


328.0 


Oct. 


376.8 


10.3 


293.9 


456.4 


4,102 


54.8 


385 


83.8 


177.1 


346.6 


Nov. 


378.8 


11.9 


289.5 


456.7 


4,143 


44.0 


369 


98.2 


178.1 


351.7 


Dec. 


383.1 


10.3 


291.2 


430.6 


4,241 


28.5 


314 


118.9 


179.2 


356.3 


il— Jan. 


374.5 


10.9 


309.7 


453.0 


4,367 


16.0 


331 


58.3 


175.3 


338.2 


Feb. 


347.1 


9.6 


281.4 


425.1 


3,983 


25.0 


294 


58.4 


172.3 


351.5 


Mar. 


372.3 


11.4 


314.8 


473.0 


4,395 


32.0 


336 


72.6 


172.3 


353.8 


Apr. 






312.0 


447.6 


4,227 


49.8 


337 


75.1 


173.3 


357.3 



( Source; Newsprint Association of Canada. Includes Newfoundland. (2) Total output less exports and secondary power. Includes Newfoundland 

commencing January 1950. (3) 9 Leading industries. First of month figures. (4) Average of months in case of Employment and Payrolls Indexes. 

*12-months ending Mar. 1951. (5) Not available. 



MILLIONS OF DOLLARS 

1000 



PROFIT STATISTICS FOR 433 COMPANIES 

FISCAL YEAR NEAREST TO CALENDAR YEAR 



1939-50 



800 



600 



400 



200 



INCOME & EXCESS PROFITS TAX 
UNDISTRIBUTED INCOMEl 
DIVIDENDS PAID OUT 



PERCENT 

100 




1939 40 41 42 43 44 45 46 47 48 49 50 1939 40 41 42 43 44 45 46 47 48 49 

(1) Includes refundable portion of excess profit tax in the years 1942 to 1946 inclusive, as shown in the table on facing page. 



50 



81 



MAY 1951 



VII— AVERAGE HOURLY & WEEKLY EARNINGS & HOURS WORKED IN MANUFACTURING* 

HOURLY-RATED WAGE-EARNERS 

Dominion Bureau of Statistics 





AVERAGE HOURLY EARNINGS 05 


AVERAGE HOURS WORKED 


AVERAGE WEEKLY EARNINGS ' 




Cents 








Dollars 






All Manu- 


Durable 


Non-Durable 


All Manu- 


Durable 


Non-Durable 


All Manu- 


Durable 


Non-Durable 




factures 


Goods 


Goods 


factures 


Goods 


Goods 


factures 


Goods 


Goods 


Average of Months 




















1945 


69.4 


76.8 


60.8 


44.3 


44.7 


43.8 


30.71 


34.30 


26.59 


1946 


70.0 


76.4 


63.8 


42.7 


42.7 


42.6 


29.87 


32.68 


27.18 


1947 


80.3 


87.2 


73.4 


42.5 


42.7 


42.3 


34.10 


37.25 


31.09 


1948 


91.3 


98.4 


84.0 


42.2 


42.3 


42.0 


38.50 


41.67 


35.29 


1949 


98.6 


106.5 


90.6 


42.3 


42.5 


42.0 


41.67 


45.28 


38.09 


1950 


103.6 


112.0 


95.2 


42.3 


42.5 


42.2 


43.86 


47.55 


40.22 


1st of Montht 




















1949— Nov. 


99.5 


108.0 


91.4 


42.8 


42.8 


42.9 


42.59 


46.22 


39.21 


Dec. 


100.0 


108.7 


91.5 


42.9 


43.0 


42.9 


42.90 


46.74 


39.25 


1950— Jan. 


101.1 


109.3 


92.9 


39.9 


40.3 


39.6 


40.34 


44.05 


36.79 


Feb. 


100.9 


109.5 


92.6 


42.3 


42.2 


42.4 


42.68 


46.21 


39.26 


Mar. 


101.4 


109.8 


93.1 


42.5 


42.6 


42.5 


43.10 


46.77 


39.57 


Apr. 


101.7 


110.0 


93.6 


42.8 


43.0 


42.6 


43.53 


47.30 


39.87 


May 


102.5 


110.6 


94.3 


42.6 


42.9 


42.4 


43.67 


47.45 


39.98 


June 


103.5 


111.4 


95.5 


42.0 


42.2 


41.7 


43.47 


47.01 


39.82 


July 


103.9 


111.8 


95.7 


42.5 


42.9 


42.2 


44.16 


47.96 


40.39 


Aug. 


104.2 


112.5 


95.8 


42.5 


42.7 


42.2 


44.29 


48.04 


40.43 


Sept. 


104.4 


112.9 


95.9 


41.9 


41.5 


42.4 


43.74 


46.85 


40.66 


Oct. 


105.3 


114.3 


96.3 


42.9 


43.0 


42.8 


45.17 


49.15 


41.22 


Nov. 


106.4 


115.2 


97.5 


43.0 


43.1 


43.0 


45.75 


49.65 


41.93 


Dec. 


107.8 


116.4 


99.0 


43.1 


43.1 


43.1 


46.46 


50.17 


42.67 


1951— Jan. 


109.0 


117.1 


100.5 


40.1 


40.2 


39.9 


43.71 


47.07 


40.10 


Feb. 


110.4 


119.0 


101.2 


42.9 


43.1 


42.6 


47.36 


51.29 


43.11 


Mar. 


111.4 


119.8 


102.4 


42.3 


42.5 


42.2 


47.12 


50.92 


43.21 



* Covers establishments usually employing not less than 15 persons and includes overtime and part-time workers, 
t As reported for last week of the previous month. 
(1) Gross earnings before deductions for taxes, unemployment insurance, etc. 



HOURS WORKED AND HOURLY AND WEEKLY EARNINGS IN MANUFACTURING 



DURABLE MANUFACTURING 

CENTS 






HOURLY ( 


IARNINGS 




^^951 






-X 






.-- 


1950, 


s 


+* 


*^ — 








19^ 


\^^=^ 














1 






| 










DJFMAMJJASOND DJFMAMJJASOND DJFMAMJJASOND 

NON- DURABLE MANUFACTURING 








HOURLY 1 


IARNINGS 






951 


*+ 


1950 

- — — - 


*s 




19^ 


„** 








19 































100 
95 
90 
80 



1951 



WEEKLY WAGES 



1950 ,^ 




V 



44 
42 
40 
38 



DJFMAMJJASOND DJFMAMJJASOND DJFMAMJJASOND 

* Hourly-rated wage-earners. First of month figures for the last week of the previous month. So far as hours worked and weekly wages are concerned 
Jan. 1st figures are affected by loss of working time during the holiday season and the average of Dec. 1st and Feb. 1st has been used. 



}\Y 1951 



82 



ousands of Persons 



VIII— LABOUR FORCE STATUS OF POPULATION! 

14 YEARS OF AGE AND OVER 

Dominion Bureau of Statistics 



NOT IN LABOUR FORCE 



Keeping 
House 



Going to 
School 



Retired or 

Voluntarily 

Idle 



AHOther(2) 



Total 



ARMEDO) 
FORCES 



CIVILIAN LABOUR FORCEd) 



With Jobs 



Agriculture 



Non- 
Agriculture 



Total 



Unem-OO 
ployed 



Total 



31 — June 


1 


32— ' 






33— ' 






34— ' 






35— ' 






36— ' 






37— ' 






38— ' 






39— ' 






10— ' 






U— ' 






12— ' 






13— ' 






14— ' 






15— ' 






16— Feb. 


23 


June 


1 


Aug. 


31 


N 


IV. 


9 



17— Mar. 1 
May 31 
Aug. 16 
Nov. 8 

18— Feb. 21 
June 5 
Sept. 4 
Nov. 20 

19— Mar. 5 
June 4 
Aug. 20 
Oct. 29 

50— Mar. 4 
June 3<«> 
Aug. 19 
Nov. 4 

51— Mar. 3 



2,733 
2,712 
2,753 
2,815 

2,919 
2,822 
2,869 
2,901 

2,966 
2,905 
2,939 
3,009 

3,081 
2,988 
3,045 
3,133 

3,170 
2,954 
3,220 
3,195 

3,204 



638 

579 

41 

588 

635 

600 

19 

592 

641 

584 

71 

618 

652 

586 
* 

625 

666 

610 

* 

658 
674 



317 
292 

705' 6 > 
304 

359 
300 
701 < 6 > 
296 

324 
315 

762( fi ) 
329 

364 
342 
765< 6 > 
365 

451 
380 
890 < 6 > 
437 

463 



325 
307 
316 
311 

317 
296 
301 
280 

302 
284 
279 
273 

274 
264 
270 
287 

284 
258 
283 
260 

287 



2,934 
2,998 
3,059 
3,121 
3,185 
3,248 
3,309 
3,374 
3,437 
3,497 
3,552 
3,381 
3,275 
3,349 
3,509 

4,013 
3,890 
3,815 
4,018 

4,230 
4,018 
3,890 
4,069 

4,233 
4,088 
4,051 
4,229 

4,371 
4,180 
4,090 
4,410 

4,571 
4,202 
4,393 
4,550 

4,628 



5 

5 

5 

5 

5 

6 

6 

7 

9 

107 

296 

492 

716 

779 

736 

277 

125 

65 

48 

39 
35 
34 
33 

34 
36 
37 
38 

41 
45 
45 
46 

47 
47 
47 
60 

66 



1,203 
1,223 
1,243 
1,263 
1,284 
1,304 
1,324 
1,344 
1,364 
1,329 
1,210 
1,127 
1,107 
1,126 
1,134 

1,083 
1,274 
1,317 
1,071 

931 

1,163 
1,299 
1,068 

965 
1,186 
1,247 

986 

956 
1,123 
1,235 
1,048 

940 
1,073 
1,151 

969 

849 



2,427 
2,209 
2,168 
2,403 
2,452 
2,548 
2,746 
2,678 
2,711 
2,809 
3,014 
3,258 
3,340 
3,319 
3,277 

3,229 
3,428 
3,543 
3,662 

3,634 
3,658 
3,709 
3,779 

3,704 
3,762 
3,795 
3,872 

3,744 
3,895 
3,920 
4,005 

3,856 
4,010 
4,070 
4,115 

4,151 



3,630 
3,432 
3,411 
3,666 
3,736 
3,852 
4,070 
4,022 
4,075 
4,138 
4,224 
4,385 
4,447 
4,445 
4,411 

4,312 
4,702 
4,860 
4,733 

4,565 
4,821 
5,008 
4,847 

4,669 
4,948 
5,042 
4,858 

4,700 
5,018 
5,155 
5,053 

4,796 
5,083 
5,221 
5,084 

5,000 



475 
733 
817 
624 
618 
565 
406 
516 
523 
418 
193 
134 
75 
62 
72 

213 
126 
117 
115 

141 
91 
73 
87 

156 
82 
67 

106 

199 

103 

98 

147 

312 

150 
103 
117 

172 



4,105 
4,165 
4,228 
4,290 
4,354 
4,417 
4,476 
4,538 
4,598 
4,556 
4,417 
4,519 
4,522 
4,507 
4,483 

4,525 
4,828 
4,977 
4,848 

4,706 
4,912 
5,081 
4,934 

4,825 
5,030 
5,109 
4,964 

4,899 
5,121 
5,253 
5,200 

5,108 
5,233 
5,324 
5,201 

5,172 



REGIONAL DISTRIBUTION OF CIVILIAN LABOUR FORCE 
EMPLOYED UNEMPLOYED 





Mar.(7) 


Que. 


Ont. 


Prairies 


B.C. 


Total 


Mar.(7) 


Que. 


Ont. 


Prairies 


B.C. 


Total 


16— Feb. 23 


372 


1,206 


1,504 


877 


353 


4,312 


27 


75 


56 


34 


21 


213 


June 1 


414 


1,289 


1,618 


1,007 


374 


4,702 


21 


44 


33 


15 


13 


126 


Aug. 31 


423 


1,330 


1,673 


1,041 


393 


4,860 


20 


42 


36 


11 


8 


117 


Nov. 9 


421 


1,322 


1,654 


944 


392 


4,733 


20 


31 


34 


19 


11 


115 


17— Mar. 1 


411 


1,277 


1,605 


888 


384 


4,565 


21 


46 


40 


21 


13 


141 


May 31 


408 


1,319 


1,708 


972 


414 


4,821 


21 


28 


24 


* 


* 


91 


Aug. 16 


430 


1,348 


1,769 


1,022 


439 


5,008 


15 


23 


19 


* 


* 


73 


Nov. 8 


421 


1,353 


1,726 


937 


410 


4,847 


17 


22 


22 


13 


13 


87 


18— Feb. 21 


400 


1,300 


1,663 


905 


401 


4,669 


25 


48 


40 


23 


20 


156 


June 5 


417 


1,366 


1,758 


981 


426 


4,948 


15 


26 


23 


8 


10 


82 


Sept. 4 


434 


1,384 


1,772 


1,012 


440 


5,042 


11 


20 


19 


* 


* 


67 


Nov. 20 


424 


1,360 


1,725 


926 


423 


4,858 


18 


30 


25 


19 


14 


106 


49— Mar. 5 


403 


1,318 


1,695 


883 


401 


4,700 


25 


67 


56 


29 


22 


199 


June 4 


426 


1,399 


1,788 


965 


440 


5,018 


18 


36 


28 


11 


10 


103 


Aug. 20 


443 


1,422 


1,838 


1,002 


450 


5,155 


14 


36 


28 


9 


11 


98 


Oct. 29 


516 


1,393 


1,761 


956 


427 


5,053 


36 


44 


37 


17 


13 


147 


50— Mar. 4 


474 


1,309 


1,706 


902 


405 


4,796 


64 


102 


73 


43 


30 


312 


June 3<«> 


522 


1,387 


1,797 


955 


422 


5,083 


40 


51 


32 


15 


12 


150 


Aug. 19 


531 


1,434 


1,835 


989 


432 


5,221 


18 


38 


23 


14 


10 


103 


Nov. 4 


505 


1,409 


1,793 


958 


419 


5,084 


29 


39 


24 


13 


12 


117 


51— Mar. 3 


504 


1,392 


1,777 


920 


407 


5,000 


33 


60 


36 


22 


21 


172 



Excluding inmates of institutions. Newfoundland included in estimates 

from Oct. 29, 1949. 

Civilian non-institutional population with jobs or without jobs and seeking 

work. 

Includes those permanently unable or too old to work. 

Excludes civilian personnel employed by the Department of National Defence. 



4) 
(5) 
(6) 



(7) 



Without jobs and seeking work. 

Includes students on vacation. 

The June survey was not taken in Manitoba due to flood conditions. The 

Civilian Labour Force includes an estimate for Manitoba; persons "Not 

in the Labour Force" excludes Manitoba. 

Newfoudland included in estimates from Oct. 29, 1949. * Not available. 



83 

IX— USE OF MAJOR ENERGY SOURCES* 

Trillions of B.T. U. Compiled from publications of the Dom. Bureau of Statistics and Dept. of Mines and Resources 



MAY 1951 





Water 


Power 














Natural 
Gas< 7 > 










(2) 
At 1926 
Aver. Coal 


U) 
At Yearly 
Aver. Coal 




Coal< 3 > 




Petroleum Fuels (6) 


Sum o 


!OTAL (8) 

' Foregoing Fuels 




Equivalent 


Equivalent 
























Domestic 


(4) 

Domestic 


Imports(S) 


Total 


Domestic 


Imports 


Total 


Domestic 


Domestic 


Imports 


Total 


1926 


261 


261 


393 


454 


847 


2 


107 


109 


21 


677 


561 


1,238 


1927 


297 


280 


415 


492 


907 


3 


123 


126 


23 


721 


615 


1,336 


1928 


347 


314 


429 


454 


883 


4 


149 


153 


24 


771 


603 


1,374 


1929 


388 


337 


426 


489 


915 


7 


178 


185 


31 


801 


667 


1,468 


1930 


391 


326 


365 


504 


869 


9 


172 


181 


32 


732 


676 


1,408 


1931 


369 


295 


302 


351 


653 


9 


161 


170 


28 


634 


512 


1,146 


1932 


352 


273 


288 


319 


607 


6 


154 


160 


25 


592 


473 


1,065 


1933 


367 


279 


294 


297 


591 


7 


154 


161 


25 


605 


451 


1,056 


1934 


416 


318 


341 


351 


692 


8 


163 


171 


25 


692 


514 


1,206 


1935 


448 


341 


343 


319 


662 


9 


177 


186 


27 


720 


496 


1,216 


1936 


479 


365 


374 


346 


720 


9 


188 


197 


30 


778 


534 


1,312 


1937 


537 


398 


391 


383 


774 


18 


197 


215 


35 


842 


580 


1,422 


1938 


533 


389 


355 


338 


693 


42 


188 


230 


36 


822 


526 


1,348 


1939 


574 


414 


385 


391 


776 


47 


200 


247 


38 


884 


591 


1,475 


1940 


655 


456 


430 


461 


891 


52 


228 


280 


44 


982 


689 


1,671 


1941 


783 


538 


445 


500 


945 


61 


237 


298 


47 


1,091 


737 


1,828 


1942 


912 


611 


445 


616 


1,061 


62 


230 


292 


49 


1,167 


846 


2,013 


1943 


988 


661 


404 


748 


1,152 


60 


238 


298 


48 


1,173 


986 


2,159 


1944 


956 


636 


365 


724 


1,089 


61 


260 


321 


48 


1,110 


984 


2,094 


1945 


851 


571 


358 


717 


1,075 


51 


272 


323 


52 


1,032 


989 


2,021 


1946 


870 


585 


379 


670 


1,049 


46 


357 


403 


51 


1,061 


1,027 


2,088 


1947 


1,041 


695 


373 


745 


1,118 


46 


446 


492 


57 


1,171 


1,191 


2,362 


1948 


1,130 


750 


388 


778 


1,166 


74 


458 


532 


63 


1,275 


1,236 


2,511 


1949f 


1,172 


779 


430 


675 


1,105 


128 


452 


580 


65 


1,402 


1,127 


2,529 



* Excludes firewood. 

(1) Output of central electric stations generated by water, less exports, plus 
power generated and used by the manufacturing and mining industries. 
Primary power is calculated at the coal equivalent, based on the average 
efficiency of central electric stations in the United States as reported by 
the Edison Electric Institute. Because of increased efficiency in the 
utilization of coal this average decreased from the equivalent of 1.95 lbs. 
of coal per kilowatt hour in 1926 to equivalent of 1.29 lbs. in 1949. Second- 
ary power sold by central electric stations is calculated at its actual b.t.u. 
equivalent of 3,415 b.t.u. per kilowatt hour. 

(2) Primary power calculated at the constant 1926 rate of 1.95 lbs. of coal 
per kilowatt hour plus secondary power at its actual b.t.u. per kilowatt 
hour. 

(3) Includes anthracite coal, bituminous coal, sub-bituminous coal, lignite 
coal and imported coke. The unit heat values employed are; anthracite, 
26,400,000 b.t.u. per ton: bituminous, 26,200,000 b.t.u. per ton: sub-bitu- 
minous and lignite, 20,000,000 b.t.u. per ton: coke, 20,000,000 b.t.u. per ton. 



(4) Sum of sales by retail dealers, consumption by industry, railways and by 
coke and gas plants plus the amount used by the collieries and supplied 
to employees for the years 1941 to 1949 inclusive. For earlier years the 
sum of sales by Canadian coal mines, colliery consumption, coal supplied 
to employees and coal used in making coke, etc., less tonnage bunkered 
and exported. 

(5) For years 1941 to 1949 inclusive, sum of sales by retail dealers, consumption 
by industry and by railways: for earlier years imports for consumption 
excluding foreign coal re-exported and bunkered. 

(6) The coal equivalent of the sum of gasoline, fuel and gas oils and kerosene, 
estimated by the D.B.S. and converted to b.t.u.'s on the basis of 1 ton of 
coal equals 26,000,000 b.t.u., plus petroleum coke consumed as fuel 
calculated at the rate of 30,000,00 b.t.u. per ton. 

(7) Sales and consumption by provinces. The unit heat value employed is; 
1,075 b.t.u. per cubic foot. 

(8) Including water power calculated at the yearly average coal equivalent, 
f Preliminary. 



USE OF MAJOR ENERGY SOURCES* 

PERCENTAGE DISTRIBUTION PERCEHT TR , LU0NBTU COAL 

100 I200F 



60 800 




m 

1926 1930 




TRILLION BTU 



1935 1940 1945 1950 

WATER POWER 




TRILLION BTU TRILLION BTU 

800 600 



400 200 



1926 1930 1935 1940 1945 1950 

PETROLEUM FUELS 



To 

.0 

I B 1 

600 



TRILLION BTU 



1926 1930 1935 1940 1945 1950 

* For figures and footnotes see table above. 



: o o 




1926 1930 



1935 1940 1945 1950 



MAY 1951 



84 



X— WHOLESALE PRICES 

Index 1935-39 = 100 



CANADA 

Dominion Bureau 
of Statistics 



U.S.A. 

Bureau 
of Labor Statistics™ 



U.K. 

Board of 
Trad*™ 





Farm Products* 


Raw& 


Fully & 












Partly 


Chiefly 


Total 










Manu- 


Manu- 




Field t 


Animal 


Total f 


factured 


factured 




Average of Months 














1926 


158.5 


130.2 


144.4 


129.1 


133.0 


130.3 


1929 


137.2 


144.4 


140.8 


126.1 


123.7 


124.6 


1932 


60.4 


70.5 


65.5 


75.5 


92.8 


86.9 


1937 


128.9 


106.0 


107.4 


113.7 


104.4 


107.7 


1946 


177.9 


181.2 


179.5 


140.1 


138.0 


138.9 


1947 


184.1 


200.2 


192.2 


164.3 


162.4 


163.3 


1948 


200.6 


263.7 


232.1 


196.3 


192.4 


193.4 


1949 


191.9 


265.4 


228.7 


197.1 


199.2 


198.3 


1950 


184.6 


281.4 


233.0 


212.8 


211.0 


211.2 


Monthly 














1950— Feb. 


189.3 


259.6 


224.5 


199.0 


201.0 


200.0 


Mar. 


192.8 


266.0 


229.4 


200.6 


202.4 


201.5 


Apr. 


194.7 


268.0 


231.3 


202.3 


203.1 


202.5 


May 


195.4 


272.8 


234.1 


206.9 


204.2 


204.7 


June 


197.7 


289.1 


243.4 


214.6 


207.1 


209.2 


July 


197.2 


296.4 


246.8 


218.8 


209.3 


212.0 


Aug. 


174.2 


298.5 


236.3 


221.2 


213.7 


215.7 


Sept. 


172.6 


297.1 


234.9 


226.0 


221.6 


222.6 


Oct. 


170.2 


286.8 


228.5 


220.0 


220.8 


220.0 


Nov. 


170.3 


290.5 


230.4 


221.9 


223.2 


222.4 


Dec. 


170.6 


298.4 


234.5 


225.1 


225.7 


225.2 


1951— Jan. 


173.5 


310.9 


242.2 


231.1 


233.6 


232.3 


Feb. 


177.9 


329.6 


253.7 


237.1 


240.0 


238.5 


Mar. 


181.2 


347.2 


264.2 


238.8 


244.1 


241.8 


Apr. 


181.6 


331.6 


256.6 


238.6 


244.9 


242.2 



Farm 
Products 


Raw 
Materials 


Manu- 
factured 
Products 


Total 


131.6 


130.2 


120.8 


124.1 


138.0 


127.0 


114.1 


118.2 


63.4 


71.7 


84.9 


80.4 


113.7 


110.4 


105.3 


107.1 


195.5 


175.1 


139.9 


149.9 


238.1 


215.4 


176.1 


188.5 


247.9 


232.4 


192.5 


204.9 


217.7 


213.2 


182.6 


192.2 


224.3 


224.6 


189.4 


200.4 


209.3 


211.5 


180.1 


189.5 


209.7 


212.0 


179.8 


189.5 


209.6 


211.6 


180.4 


189.7 


216.7 


216.5 


183.8 


193.4 


218.3 


218.4 


185.4 


195.2 


231.6 


228.9 


190.8 


202.1 


233.7 


233.2 


194.7 


206.5 


237.4 


236.7 


198.1 


210.3 


233.9 


234.6 


197.5 


209.8 


241.7 


240.2 


199.4 


213.0 


246.6 


243.6 


204.0 


217.5 


255.5 


250.8 


209.1 


223.4 


266.6 


259.2 


211.8 


227.8 


268.2 


259.6 


212.3 


228.3 


266.6 


257.4 


212.4 


227.7 



Total 



124.8 
115.0 
86.2 
109.5 
176.4 
193.2 
220.9 
231.7 
264.7 

246.8 
247.1 
251.4 
257.0 
258.7 
262.0 
265.9 
274.0 
281.5 
291.0 
294.4 

302.1 
307.8 
315.8 
320.7 



(1) Adjusted to 1935-39 = 100 from base 1926 = 100. 

(2) Adjusted to 1935-39 = 100 from base 1913 = 100 in the years 1926 to 1929 inclusive and from base 1930 =■ 100 thereafter. 

* An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. Participation 
payments are included and the series revised whenever such payments are announced. f Revised from Aug. 1945 to July 1950 to include final five-year 

contract payment for wheat. 



Index 1935-39 = 100 



XI— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


1949 


203.0 


131.1 


183.1 


123.0 


167.6 


128.8 


160.8 


1950 


210.9 


138.3 


182.3 


132.9 


169.2 


132.6 


166.5 


First of Month 
















1949— Dec. 


201.9 


135.2 


183.7 


125.0 


167.1 


130.5 


161.5 


1950— Jan. 


199.4 


135.6 


183.3 


125.0 


167.0 


131.6 


161.0 


Feb. 


201.3 


135.9 


183.0 


125.0 


166.4 


132.1 


161.6 


Mar. 


204.0 


136.3 


181.4 


132.7 


166.3 


132.1 


163.7 


Apr. 


204.5 


138.0 


181.2 


132.7 


166.4 


132.3 


164.0 


May 


204.6 


137.5 


180.8 


132.7 


166.4 


132.3 


164.0 


June 


209.0 


137.1 


180.7 


132.7 


166.9 


132.4 


165.4 


July 


214.3 


137.7 


180.7 


134.9 


166.9 


132.5 


167.5 


Aug. 


216.7 


138.4 


180.9 


134.9 


168.9 


132.5 


168.5 


Sept. 


218.8 


140.8 


182.3 


135.5 


171.1 


132.8 


169.8 


Oct. 


220.1 


141.0 


183.5 


135.5 


172.7 


133.3 


170.7 


Nov. 


218.6 


140.6 


184.5 


136.4 


174.8 


133.4 


170.7 


Dec. 


218.8 


140.7 


184.9 


136.4 


176.4 


134.1 


171.1 


1951— Jan. 


220.2 


141.5 


187.1 


136.4 


179.8 


135.8 


172.5 


Feb. 


224.4 


141.7 


192.4 


136.4 


185.1 


137.0 


175.2 


Mar. 


233.9 


146.5 


196.3 


137.6 


188.6 


137.8 


179.7 


Apr. 


238.4 


146.7 


198.8 


137.6 


190.7 


138.8 


181.8 


May 


235.4 


146.2 


201.5 


137.6 


194.9 


140.7 


182.0 



* Components were selected and weighted on the basis of 1938 family incomes ranging from $450-$2,500, with incomes between $1,000-$1,600 most common. 



85 



MAY 1951 



.in 



XII— NET INCOME " OF FARM OPERATORS FROM FARM OPERATIONS 



Millions of Dollars 



Dominion Bureau of Statistics 



P.E.I. 



N.S. N.B. 



Que. 



Ont. 



Man. Sask. Alta. B.C. Canada 



1949 



1950* 



Cash Income' 4 * 


20.9 
4.8 
1.2 


36.6 

15.2 

1.4 


44.8 

15.0 

1.1 


349.4 

85.1 

6.2 


678.0 

101.4 

1.0 


242.8 
25.4 
16.9 


560.7 
50.0 
18.3 


460.3 
39.4 
49.8 


101.2 

13.2 

2.4 


2,494.8 
349.5 

71.7 


Income in kind 

Inventory Changes 


Gross Income 

Operating and Depreciation . 


26.8 
14.1 


53.2 
32.1 


61.0 
28.9 


440.6 

189.7 


780.4 
339.2 


251.3 

104.8 

1 Iti.r. 
.1 

146.5 


592.5 

228.2 


450.0 
174.8 


116.8 
62.6 


2,772.6 

1,174.4 


Net Income (ex. supp. pay.) 
Supplementary Payments. . 
Net Income of 

Farm Operators 


12.8 


21.1 


32.1 


250.9 


441.2 


364.3 
14.2 

378.5 


275.2 
3.4 


54.2 


1,598.2 
17.6 


12.8 


21.1 


32.1 


250.9 


441.2 


278.5 


54.2 


1,615.8 






Cash Income' 2 ' 

Income in kind 

Inventory Changes 


22.1 
4.5 

.4 


39.6 

14.6 

1.1 


46.7 

14.7 

.4 


361.7 

82.6 

8.4 


679.4 

101.4 

30.4 


196.0 
23.0 
17.8 


407.6 
47.9 
51.8 


368.8 
36.0 
23.5 


101.7 

12.5 

2.2 


2,223.5 
337.3 
130.8 


Gross Income 

Operating and Depreciation . 


27.0 
13.9 

13.1 


55.3 
32.1 


61.0 
30.3 


452.7 
198.7 


811.2 
358.0 


236.8 
111.5 


507.3 
241.9 


428.3 

188.8 


111.9 
68.6 


2,691.6 
1,243.7 


Net Income (ex. supp. pay.) 
Supplementary Payments. . 
Net Income of 

Farm Operators 


23.3 


30.7 


254.0 


453.2 


125.3 
.3 


265.4 
8.2 


239.5 
5.3 


43.4 


1,447.9 
13.8 


13.1 


23.3 


30.7 


254.0 


453.2 


125.6 


273.6 


244.8 


43.4 


1,461.7 



(1) Includes estimated rental value of farm homes and supplementary 
Newfoundland. 

(2) Includes wheat and coarse grain at the initial price, plus retroactive 
* Preliminary. 



payments made under the provision of the Prairie Farm Assistance Act. Excluding 
participation and equalization payments in the year in which payments take place. 



FARM INCOME, PRICES AND OPERATING AND LIVING COSTS 



MILLIONS OF DOLLARS 



INDEX 1935-39-100 



3000 



2000 



1000 





1946 



1947 



1949 1950 1951 

\pr. and Aug. only, are available. 



1938 39 40 41 42 43 44 45 46 47 48 49 

* In the case of commodities and services used for farm production and farm family living costs, figures for Jan., 
** Included in the year in which payment takes place, 
t Includes retroactively participation and equalization payments whenever such payments are announced. 

(1) Last figure plotted for March. 

(2) Last figure plotted for January. 

(3) Farm Implements, building materials, gasoline oil and grease, feed, fertilizer, binder twine, seed and hardware plus tax rates, interest rates and 
farm wage rates. 

(4) Operating expenses and repairs for tractors, trucks and machinery, building repairs, feed, seed, fertilizer, taxes, rent, interest and hired labour 
plus depreciation of buildings and machinery. 



MAY 1951 



Index 1935-39 = 100 



86 



XIII— FARM OPERATING AND LIVING COSTS 

Dominion Bureau of Statistics 





Commodities Used by Farmers 


"B" 


"C" 




Imple- 
ments 


Fertilizer 


Seed 


Gasoline, 
Oil & 
Grease 


Building 
Material 


Hardware 


Feed 


Binder 
Twine 


"A" 

(Total 8 

Com- 
modities) 


Farm 
Living 
Costs 


Annual Average 

1935 
1936 
1937 
1938 
1939 


95.5 

97.8 

97.2 

104.1 

103.6 


97.0 

98.2 

101.4 

103.3 

100.2 


90.4 

100.4 

133.2 

96.7 

79.4 


105.1 

101.7 

99.7 

97.4 

96.2 


87.1 
97.3 

108.7 
98.7 

108.1 


96.4 

96.7 

101.0 

104.3 

101.6 


93.5 

97.6 

127.6 

100.8 

80.5 


89.6 
100.8 
106.4 
109.2 

93.8 


95.6 

98.7 

108.4 

101.2 

95.7 


96.9 

98.8 

105.8 

101.1 

97.0 


95.4 

98.1 

105.3 

101.7 

99.3 


97.9 

98.3 

102.9 

101.9 

99.5 


1944— Jan. 
Apr. 
Aug. 


117.1 
118.7 
118.7 


112.9 
112.9 
112.9 


136.6 
136.3 
135.7 


114.7 
114.7 
114.7 


172.1 
172.7 
174.2 


120.9 
120.9 
119.8 


124.6 
125.4 
125.3 


126.4 
126.4 
126.4 


125.6 
126.2 
126.2 


122.0 
122.5 
122.5 


142.3 
149.4 
152.2 


122.7 
123.1 
122.7 


1945— Jan. 
Apr. 
Aug. 


115.1 
115.1 
115.1 


112.9 
112.9 
112.9 


137.2 
138.8 
139.5 


114.1 
114.1 
114.4 


175.2 
175.1 

174.2 


119.8 
120.0 
119.3 


127.0 
127.8 
128.1 


126.4 
126.4 
126.4 


125.7 
126.0 
126.0 


122.7 
122.9 
122.9 


146.1 
153.4 
156.9 


122.9 
123.1 
123.7 


1946— Jan. 
Apr. 
Aug. 


117.4 
117.4 
121.6 


112.9 
112.9 
115.8 


142.5 
145.0 
142.6 


114.4 
117.3 
117.4 


174.3 
175.4 
176.0 


119.3 
120.3 
122.8 


127.9 
128.2 
128.9 


126.4 
126.4 
126.4 


126.8 
127.9 
129.4 


124.4 
125.2 
126.3 


149.7 
158.7 
162.7 


124.7 
126.1 
130.5 


1947— Jan. 
Apr. 
Aug. 


128.1 
125.4 
125.4 


120.3 
120.3 
120.8 


146.0 
168.9 
189.9 


117.7 
122.4 
123.6 


177.4 
178.8 
204.0 


124.0 
128.2 
136.9 


130.2 
142.7 
146.5 


126.4 
226.2 
226.2 


132.2 
140.1 
146.3 


130.4 
136.3 
141.0 


159.4 
172.2 
179.5 


132.3 
136.1 
146.5 


1948— Jan. 
Apr. 
Aug. 


138.8 
138.8 
147.3 


131.2 
131.2 
132.2 


252.2 
241.2 
223.4 


134.0 
137.0 
139.7 


217.7 
222.6 
234.0 


142.4 
156.1 
159.4 


202.4 
201.3 
208.2 


226.2 
294.0 
294.0 


169.8 
172.9 
176.7 


160.2 
162.5 
165.4 


189.3 
198.5 
204.4 


155.3 
163.7 
169.5 


1949— Jan. 
Apr. 

Aug. 


157.9 
158.3 
158.6 


141.4 
141.3 
141.3 


218.5 
213.2 
204.8 


139.2 
139.2 
139.4 


237.5 
237.4 
236.5 


162.6 
165.9 
165.8 


209.0 
208.3 
211.3 


294.0 
304.7 
304.7 


180.3 
180.4 
180.2 


170.0 
170.1 
169.9 


200.5 
205.2 
206.5 


171.8 
173.3 
174.5 


1950— Jan. 
Apr. 
Aug. 


164.2 
164.6 
166.4 


146.6 
146.7 
147.7 


212.6 
246.7 
225.4 


143.9 
145.1 
146.4 


238.2 
246.9 
279.9 


165.8 
168.0 
170.9 


215.1 
228.2 
232.7 


304.7 
298.0 
298.0 


184.4 
191.0 
194.3 


174.4 
179.4 
181.8 


199.6 
213.0 
218.7 


175.3 
176.7 
180.7 


1951— Jan. 


183.8 


152.8 


247.9 


145.6 


288.0 


174.3 


226.0 


298.0 


201.0 


186.9 


216.9 


184.1 



(1) "B" equals "A" (8 commodities used by farmers) plus tax rates and interest rates. (2) "C" equals "B" plus farm wage rates. 

XIV— INDEX NUMBERS OF PHYSICAL VOLUME OF AGRICULTURAL PRODUCTION* 

T dp 1QV> ?0= WO Dominion Bureau of Statistics 





P.E.I. 


N.S. 


N.B. 


Que. 


Ont. 


Man. 


Sask. 


Alta. 


B.C. 


Canada 


1935 


90.5 


99.2 


93.7 


93.6 


98.7 


77.2 


106.9 


87.3 


91.2 


95.2 


1936 


102.2 


98.2 


105.1 


99.3 


90.2 


66.8 


83.9 


71.0 


94.8 


85.1 


1937 


99.6 


104.4 


105.5 


97.6 


102.1 


115.0 


31.1 


81.1 


101.1 


83.7 


1938 


102.1 


100.5 


94.5 


97.6 


101.1 


113.8 


103.1 


129.1 


102.5 


107.4 


1939 


105.6 


97.7 


101.1 


111.9 


108.0 


127.2 


175.0 


131.5 


110.4 


128.7 


1940 


103.9 


90.2 


108.2 


111.8 


103.8 


134.9 


165.2 


151.9 


115.5 


130.1 


1941 


90.6 


91.3 


101.9 


106.2 


107.4 


133.9 


110.1 


100.9 


113.4 


108.7 


1942 


121.9 


88.5 


104.0 


121.7 


125.0 


174.2 


247.8 


184.2 


99.9 


164.2 


1943 


102.7 


89.6 


133.2 


112.3 


89.4 


152.2 


138.1 


104.6 


114.7 


113.7 


1944 


119.2 


107.3 


136.8 


131.1 


114.0 


145.1 


196.4 


125.1 


140.0 


140.4 


1945 


121.3 


80.7 


106.7 


100.7 


107.6 


116.8 


129.3 


97.6 


131.1 


110.9 


1946 


123.6 


100.3 


119.6 


112.2 


117.6 


139.1 


138.7 


122.7 


151.9 


125.6 


1947 


128.9 


86.7 


119.0 


102.6 


107.7 


122.1 


128.2 


115.8 


146.8 


116.0 


1948 


133.3 


91.8 


124.3 


121.6 


119.0 


143.8 


131.8 


118.5 


143.7 


125.1 


1949 


158.3 


104.8 


145.4 


127.5 


125.3 


123.6 


126.4 


101.0 


148.3 


122.5 


1950 


148.5 


105.5 


136.9 


135.5 


131.4 


138.6 


169.0<» 


127.4<»> 


133.4 


139.8< l > 



* Adjusted to exclude possible duplication. 
(1) If allowance is made for the low quality western wheat crop in 1951 the index for Saskatchewan, Alberta, and Canada should be reduced by approximately 
10, 2 and 3 points respectively. 



87 



Millions of Dollars 



MAY 1951 
XV— MERCHANDISE EXP0R1 

Compiled from "Trade of Ca 





Fruits 


Wheat 




Other 




Bacon 






Other 






Ot! 




and 
Vegetables 


and 
Wheat 
Flourd) 


Oats 


Grains 

and 

Products 


Live 
Cattle 


and 
Hams 


Other 
Meats 


Cheese 


Milk 
Products 


Eggs 


Seeds 


Far 

(in, 

raw v 


Calendar Years 


























1929 


18 


302 


5 


26 


14 


7 


9 


19 


10 


- 


4 


2 


1932 


11 


146 


5 


17 


2 


4 


3 


9 


3 


- 


1 




1937 


16 


182 


2 


25 


16 


33 


9 


13 


5 


- 


5 


2 


1946 


29 


417 


23 


41 


18 


66 


63 


22 


13 


27 


13 


3 


1947 


32 


446 


12 


55 


15 


62 


41 


14 


16 


37 


17 


4 


1948 


21 


383 


23 


74 


74 


70 


65 


12 


18 


39 


50 


5 


1949 


20 


533 


19 


59 


61 ' 


24 


44 


16 


14 


21 


44 


5 


1950 


24 


418 


. 17 


56 


79 


28 


47 


17 


11 


6 


31 


5 


12-Mths. ending 


























Apr. 1951 


23 


433 


18 


65 


83 


13 


49 


17 


9 


4 


33 


5' 


Monthly 


























1949— Nov. 


3.5 


54.6 


3.6 


16.9 


9.5 


5.3 


6.6 


.2 


1.7 


1.4 


5.7 


4.' 


Dec. 


2.2 


29.6 


3.6 


5.8 


6.3 


5.9 


5.5 


.2 


2.2 


.3 


10.0 


4. 


1950— Jan. 


1.7 


32.7 


1.8 


1.8 


5.5 


14.0 


3.4 


.1 


.9 


1.8 


3.6 


4.; 


Feb. 


2.2 


23.4 


1.4 


1.5 


5.7 


1.5 


2.5 


.1 


.9 


1.4 


3.3 


5. 


Mar. 


2.9 


31.3 


1.4 


1.8 


5.7 


.8 


2.4 


.1 


1.0 


.4 


2.3 


6.i 


Apr. 


1.4 


25.4 


.6 


1.6 


5.0 


.8 


2.4 


.1 


.6 


.2 


1.3 


3.. 


May 


1.4 


55.1 


.6 


7.9 


6.8 


2.4 


4.0 


.1 


1.1 


.2 


1.6 


4.' 


June 


.9 


45.9 


.8 


5.1 


8.6 


.8 


3.6 


2.5 


.7 


.1 


.6 


4.: 


July 


1.9 


34.1 


.3 


6.0 


5.3 


.5 


5.5 


3.7 


.9 


.2 


.6 


3.. 


Aug. 


1.3 


33.6 


.5 


3.6 


5.9 


.9 


5.6 


3.5 


1.1 


.3 


1.5 


4.' 


Sept. 


2.2 


32.8 


1.3 


3.9 


6.7 


.6 


4.4 


2.8 


1.3 


.2 


2.1 


4.1 


Oct. 


3.2 


34.3 


1.0 


5.7 


6.9 


2.0 


3.9 


2.1 


1.3 


.2 


4.5 


4.1 


Nov. 


2.4 


43.2 


1.9 


6.9 


9.4 


2.4 


5.2 


1.1 


.8 


.1 


5.2 


3.! 


Dec. 


2.1 


26.4 


5.0 


10.1 


7.5 


1.7 


4.3 


.3 


.4 


1.2 


4.2 


3.' 


1951— Jan. 


2.2 


33.6 


2.4 


4.5 


5.5 


1.0 


3.5 


.2 


.3 


1.2 


4.9 


8., 


Feb. 


1.9 


27.4 


1.4 


3.7 


5.5 


.3 


2.3 


.3 


.3 


.4 


3.4 


6.: 


Mar. 


1.6 


31.0 


1.6 


3.5 


7.6 


.3 


2.2 


.1 


.4 


.2 


1.9 


6.; 


Apr. 


1.3 


35.9 


1.2 


3.9 


6.9 


.4 


4.2 


.1 


.5 


.1 


3.0 


5.1 







Other 


























Fibres 


Farm 


Machinery 


Autos, 


Other 


Other 




Aluminum 


Copper 


Lead 


Nicl 




Artificial 


& Textiles 


Imple- 


(excl. 


Trucks 


Vehicles 


Iron and 


Electrical 


and 


and 


and 


an' 




Silk 


(excl. raw 
wool) 


ments & 
Machinery 


agriculture) 


& Parts 


& Parts 


Steel 


Apparatus 


Products 


Products 


Products 


Prodi 


Calendar Years 


























1929 


- 


8 


20 


7 


47 


- 


16 


3 


15 


37 


11 


2i 


1932 


- 


4 


2 


4 


7 


- 


4 


1 


4 


16 


3 


' 


1937 


2 


11 


10 


11 


27 


- 


18 


4 


19 


56 


18 


5' 


1946 


8 


42 


29 


16 


78 


34 


71 


21 


56 


37 


17 


& 


1947 


12 


35 


42 


41 


92 


15 


84 


19 


64 


59 


31 


& 


1948 


7 


35 


74 


41 


55 


21 


91 


17 


102 


79 


35 


r 


1949 


2 


19 


93 


32 


39 


23 


106 


12 


94 


87 


42 


9: 


1950 


5 


20 


88 


26 


40 


5 


92 


11 


107 


88 


38 


10. 


12-Mths. ending 


























Apr. 1951 


5 


24 


94 


31 


43 


3 


99 


14 


120 


90 


46 


11: 


Monthly 


























1949— Nov. 


.2 


.8 


4.9 


2.1 


2.4 


1.6 


14.1 


1.0 


2.7 


7.1 


3.0 


7.' 


Dec. 


.3 


.8 


5.3 


2.8 


3.1 


3.4 


11.6 


1.2 


11.6 


6.5 


5.1 


7, 


1950— Jan. 


.3 


1.1 


6.6 


1.3 


3.2 


.8 


4.5 


.6 


4.3 


7.1 


1.3 


9.: 


Feb. 


.2 


.8 


6.9 


1.3 


3.2 


1.8 


4.2 


.8 


6.4 


6.5 


1.9 


7.* 


Mar. 


.4 


1.2 


10.5 


2.1 


2.1 


.4 


4.7 


.7 


8.3 


5.9 


1.5 


9.: 


Apr. 


.2 


.9 


9.0 


1.8 


2.6 


.9 


5.1 


.6 


8.7 


5.4 


1.2 


7.: 


May 


.3 


1.6 


10.4 


2.3 


3.6 


.1 


11.4 


1.0 


17.4 


8.9 


2.8 


9.: 


June 


.4 


2.2 


8.8 


2.6 


4.7 


.2 


9.3 


1.0 


9.7 


9.1 


3.7 


9.' 


July 


.6 


2.5 


6.7 


2.2 


4.0 


.2 


8.9 


.9 


7.7 


7.0 


1.5 


8. 


Aug. 


.8 


1.9 


5.6 


2.1 


2.4 


.2 


6.9 


.8 


9.2 


6.3 


3.5 


7: 


Sept. 


.8 


2.6 


4.8 


2.1 


3.3 


.2 


10.2 


1.0 


3.5 


8.6 


3.5 


9.: 


Oct. 


.5 


2.1 


6.6 


2.1 


3.3 


.2 


9.8 


1.1 


14.8 


8.5 


6.4 


10.: 


Nov. 


.4 


1.6 


6.0 


2.7 


4.2 


.2 


9.1 


1.3 


3.6 


6.9 


4.9 


8.; 


Dec. 


.3 


1.8 


5.8 


3.1 


3.7 


.2 


8.1 


1.2 


13.2 


7.4 


5.9 


8/ 


1951— Jan. 


.3 


1.7 


8.5 


2.7 


1.7 


.2 


6.5 


1.2 


10.3 


6.6 


3.9 


11.: 


Feb. 


.2 


1.7 


5.8 


2.8 


1.9 


.1 


4.8 


1.2 


7.4 


5.4 


2.4 


11 


Mar. 


.3 


1.9 


13.7 


2.8 


4.0 


.5 


5.6 


1.4 


10.8 


5.5 


3.9 


io: 


Apr. 


.3 


2.1 


10.7 


3.4 


6.4 


.3 


8.4 


1.8 


12.7 


9.3 


3.2 


11.: 



(1) In the case of wheat for the years 1937 and 1946 to 1951 inclusive export clearance figures are based on Board of Grain Commissioners rather than Customs d 
1670. 1700. 1710. 2005. 2015. 2020, 2025, 2060. 206S. 2066, 2070, 2075. 2080. 2085. 2090. 2095, 2100-2110. 2490, 2500-2525, 2750, 2795, 2805, 2810, 2812, 2825, 



MAY 1951 






















88 


[ 4M0DITY CLASSIFICATION 


















i ion Bureau of Statistics 


















Millions of Dollars 


< ind 

, i) 


Fish 

(canned & 

salted 


Furs 


Logs 

and 

Rounds 


Planks 

and 
Boards 


Pulpwood 


Wood Pulp 


Newsprint 


Other 
Paper 


Other 

Wood 

Products 


Alcoholic 
Beverages 


Rubber 
& Products 

(incl. 
Synthetic) 






24 


23 


10 


49 


13 


44 


149 


6 


22 


30 


32 


Calendar Years 
1929 




11 


11 


3 


13 


5 


19 


83 


3 


8 


12 


7 


1932 




16 


18 


7 


45 


12 


42 


126 


10 


20 


21 


18 


1937 




45 


32 


20 


125 


29 


114 


266 


22 


50 


36 


22 


1946 




44 


29 


24 


208 


35 


178 


342 


31 


69 


28 


33 


1947 




40 


24 


26 


196 


44 


212 


383 


34 


60 


29 


33 


1948 




59 


23 


20 


160 


31 


171 


434 


19 


40 


35 


26 


1949 




63 


25 


13 


291 


35 


209 


486 


20 


61 


44 


12 


1950 




65 


32 


13 


330 


41 


251 


498 


26 


70 


50 


16 


12-Mths. ending 

Apr. 1951 




6.6 


.5 


1.2 


17.4 


3.1 


15.1 


38.6 


1.1 


4.0 


3.4 


1.9 


Monthly 
Nov.- 1949 




6.4 


5.0 


.7 


15.2 


2.6 


15.7 


40.7 


1.5 


5.1 


2.8 


1.6 


Dec. 




4.4 


3.3 


1.2 


10.5 


3.0 


13.3 


38.3 


1.3 


2.5 


2.5 


.8 


Jan. -1950 




4.9 


2.0 


1.3 


13.9 


2.6 


14.0 


34.9 


1.3 


2.5 


2.6 


.8 


Feb. 




4.7 


2.0 


.9 


18.9 


2.7 


16.5 


37.5 


1.3 


4.5 


2.7 


1.0 


Mar. 




4.2 


1.7 


.7 


16.8 


1.1 


13.3 


39.0 


1.2 


3.8 


2.9 


.9 


Apr. 




4.7 


2.3 


.8 


20.5 


1.0 


16.7 


44.2 


1.2 


4.7 


3.0 


1.1 


May 




5.8 


2.0 


.9 


27.7 


2.9 


18.1 


41.4 


1.2 


5.2 


4.1 


1.0 


June 




5.5 


1.7 


1.0 


30.6 


2.8 


14.7 


39.2 


1.4 


5.0 


3.3 


.9 


July 




4.6 


1.6 


1.1 


30.3 


3.7 


17.3 


38.9 


1.4 


5.6 


4.1 


.9 


Aug. 




6.6 


2.5 


1.2 


35.9 


3.8 


19.7 


40.4 


2.1 


7.1 


3.8 


1.0 


Sept. 




5.1 


.5 


1.3 


37.4 


4.2 


21.6 


49.0 


2.1 


7.1 


4.1 


.9 


Oct. 




6.7 


.4 


1.0 


27.6 


3.7 


21.9 


40.6 


2.7 


5.9 


6.0 


1.4 


Nov. 




5.6 


5.4 


1.2 


20.8 


3.2 


21.2 


42.2 


2.5 


6.9 


4.4 


1.5 


Dec. 




6.1 


6.5 


1.2 


24.0 


3.8 


24.0 


40.7 


2.8 


4.9 


4.2 


1.6 


Jan. -1951 




5.1 


4.4 


1.0 


21.3 


3.9 


21.6 


35.8 


2.7 


4.8 


3.4 


1.8 


Feb. 




5.2 


2.6 


1.2 


26.5 


4.7 


27.2 


43.3 


2.9 


6.2 


5.3 


2.1 


Mar. 




4.3 


2.3 


.9 


27.5 


3.5 


26.6 


42.3 


2.8 


6.3 


4.4 


2.1 


Apr. 


us 

Is 

1) 


Zinc 

and 

Products 


Other 

Non- 
ferrous 
Metals 


Asbestos 


Other 
Non- 
metallic 
Minerals 


Fertilizers 


Other 
Chemicals 
& Products 


Ships 

and 

Vessels 


Aircraft 
and 
Parts 


All 

Other 

Exports 


Net Non- 
monetary 
Gold 


Total 

Exports 

(Including 

gold) 






9 


5 


13 


17 


7 


14 


1 


_ 


33 


37 


1,190 


Calendar Years 
1929 




4 


2 


3 


6 


3 


8 


- 


- 


14 


70 


560 


1932 




15 


5 


15 


16 


7 


15 


1 


- 


27 


145 


1,176 


1937 




28 


13 


24 


33 


32 


35 


19 


10 


100 


96 


2,447 


1946 




30 


17 


33 


42 


34 


49 


26 


6 


94 


99 


2,858 


1947 




42 


22 


42 


53 


36 


43 


84 


11 


93 


119 


3,209 


1948 




56 


15 


37 


36 


39 


31 


42 


25 


81 


139 


3,132 


1949 




59 


16 


63 


40 


39 


62 


23 


4 


59 


162 


3,280 


1950 




67 


19 


72 


42 


34 


73 


19 


5 


64 


164 


3,532 


12-Mths. ending 
Apr. 1951 




5.5 


.8 


4.7 


3.3 


2.6 


2.4 


1.1 


2.0 


7.5 


15.4 


305.5 


Monthly 
Nov.-1949 




3.8 


1.1 


5.1 


3.1 


3.8 


3.3 


3.6 


.4 


7.1 


12.5 


283.5 


Dec. 




2.3 


1.4 


4.1 


2.7 


3.9 


4.1 


_ 


.4 


4.1 


15.8 


237.3 


Jan. -1950 




3.7 


1.5 


4.4 


2.6 


2.8 


4.0 


.5 


.3 


4.7 


11.7 


211.2 


Feb. 




3.7 


.9 


5.3 


3.4 


4.6 


5.0 


- 


.6 


4.5 


13.5 


244.3 


Mar. 




3.1 


.5 


4.3 


3.2 


3.2 


3.7 


6.0 


.3 


3.9 


11.4 


216.1 


Apr. 




4.1 


1.4 


5.8 


3.4 


3.7 


6.1 


3.9 


.5 


5.6 


15.8 


310.0 


May 




6.0 


.9 


5.4 


3.4 


3.3 


5.7 


5.8 


.5 


4.5 


15.0 


301.8 


June 




5.9 


1.9 


4.0 


3.5 


2.6 


4.3 


.1 


.3 


4.0 


14.8 


267.3 


July 




6.1 


1.3 


5.1 


3.3 


2.4 


5.1 


2.2 


.3 


4.3 


13.8 


273.5 


Aug. 




6.0 


1.4 


6.0 


3.8 


3.1 


5.5 


3.1 


.3 


5.6 


10.8 


292.1 


Sept. 




5.3 


1.3 


6.6 


3.6 


2.8 


6.5 


1.0 


.3 


5.1 


16.4 


326.7 


Oct. 




7.4 


2.1 


6.8 


4.1 


3.1 


5.5 


.1 


.3 


6.2 


12.3 


309.6 


Nov. 




5.4 


1.1 


5.8 


3.2 


3.4 


6.1 


- 


.3 


6.6 


11.3 


289.7 


Dec. 




7.4 


1.5 


6.3 


3.5 


3.2 


6.2 


1.4 


.4 


5.6 


17.3 


305.1 


Jan.- 1951 




2.6 


1.0 


4.3 


2.9 


1.2 


7.8 


.1 


.5 


4.8 


11.7 


246.2 


Feb. 




5.4 


2.9 


8.5 


3.5 


2.1 


6.5 


.5 


.5 


5.6 


8.4 


295.9 


Mar. 




5.0 


1.5 


7.8 


3.8 


2.7 


7.8 


1.2 


.4 


6.2 


16.2 


314.6 


Apr. 


-ie u] 
iSO, 


> of various i 
!855, 2860, 3 


tems listed i 
160-3187. 


i "Trade of 


Canada" unc 


er code num 


bers 180, 60( 


). 610, 690, 7 


10, 790, 117 


), 1500-1590 


, 1610, 1630, 


1640, 1640, 


1645, 1650, 1660, 



89 



Millions of Dollars 



XVI— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTS '* 









TOTAL EXPORTS (EXCLUDING GOLD) 


TO 






Net 








U.K. 


Union 


Other 


Western 


Central 




Total 


Non- 
monetary 




U.S.A. 


U.K. 


Dependen- 


of 


Sterling 


Europe & 


and 


Other 


All 


Gold 








cies 


South 
Africa 


Area 
(3) 


Colonies 

(4) 


South 
America 


(5) 


Countries 


Exports 


Calendar Years 






















1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


96 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


99 


1948 


1,516 


719 


95 


83 


115 


307 


127 


164 


3,125 


119 


1949 


1,529 


710 


72 


76 


151 


254 


132 


99 


3,022 


139 


1950 


2,050 


472 


52 


44 


108 


201 


154 


75 


3,156 


162 


12 Mths. end'g 






















Apr. 1951 < 6 > 


2,217 


492 


53 


46 


125 


222 


167 


90 


3,411 


164 


Monthly 
1949-Nov. 


171.5 


58.5 


5.3 


3.7 


13.9 


22.0 


10.0 


8.3 


293.2 


15.4 


Dec. 


159.0 


43.1 


5.2 


6.3 


14.9 


20.3 


14.7 


10.2 


273.7 


12.5 


1950-Jan. 


133.8 


48.8 


5.3 


3.7 


5.2 


11.8 


7.4 


7.9 


224.0 


15.8 


Feb. 


131.2 


29.1 


3.8 


3.2 


7.4 


10.4 


7.7 


8.8 


201.6 


11.7 


Mar. 


158.6 


32.8 


4.2 


2.5 


8.3 


11.9 


8.4 


7.6 


234.3 


13.5 


Apr. 


139.3 


25.1 


4.3 


4.1 


7.3 


8.2 


15.8 


4.9 


209.0 


11.4 


May 


178.6 


53.3 


4.6 


4.8 


16.5 


17.8 


14.0 


7.2 


296.8 


15.8 


June 


178.9 


52.9 


3.7 


5.5 


9.1 


17.6 


15.0 


6.8 


289.4 


15.0 


July 


170.1 


31.9 


4.9 


4.3 


9.7 


19.4 


11.2 


4.1 


255.5 


14.8 


Aug. 


170.9 


41.4 


3.8 


2.0 


6.1 


18.2 


14.6 


6.1 


263.2 


13.8 


Sept. 


195.5 


34.6 


5.3 


3.6 


8.2 


15.8 


17.0 


4.9 


285.0 


10.8 


Oct. 


207.2 


45.9 


4.3 


4.9 


7.0 


23.5 


15.4 


5.9 


314.0 


16.4 


Nov. 


196.0 


39.7 


4.7 


2.9 


11.9 


25.4 


13.9 


6.6 


301.0 


12.3 


Dec. 


190.5 


36.2 


3.2 


2.6 


11.4 


20.7 


13.1 


4.4 


282.0 


11.3 


1951-Jan. 


191.2 


40.0 


4.8 


3.9 


10.4 


16.2 


14.1 


10.8 


291.4 


17.3 


Feb. 


155.4 


33.0 


3.8 


1.2 


10.1 


14.6 


11.4 


7.8 


237.4 


11.7 


Mar. 


193.8 


38.9 


4.7 


3.6 


13.4 


14.5 


12.5 


9.9 


291.4 


8.4 


Apr. <«> 


188.5 


43.8 


5.2 


6.5 


11.4 


17.8 


14.9 


15.2 


303.4 


16.2 



Millions of Dollars 



MERCHANDISE IMPORTS 1 









TOTAL 


IMPORTS (EXCLUDING GOLD) FROM 






Excess of 
Merch- 






















andise 








U.K. 


Union 


Other 


Western 


Central 


All 


Total 


Exports 
over 




U.S.A. 


U. K. 
(2) 


Dependen- 
cies 


of 

South 
Africa 


Sterling 
Area 

(3) 


Europe & 
Colonies 

(4) 


and 

South 

America 


Other 
(5) 


All 
Countries 


Merch- 
andise 
Imports 


Calendar Years 
1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


514 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


225 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


489 


1949 


1,952 


306 


107 


4 


77 


83 


193 


39 


2,760 


203 


1950 


2,130 


403 


135 


5 


103 


114 


215 


68 


3,173 


17 


12 Mths. end'g 
Mar. 1951 <•> 


2,350 


411 


152 


5 


113 


127 


235 


76 


3,468 


152 


Monthly 
1949-Nov. 


162.7 


26.4 


10.1 


.4 


8.5 


8.4 


18.8 


4.2 


239.5 


53.8 


Dec. 


151.0 


20.6 


5.2 


.2 


4.6 


6.7 


20.3 


4.6 


213.3 


60.5 


1950-Jan. 


154.5 


26.1 


4.4 


.2 


6.2 


5.0 


12.4 


3.2 


211.9 


12.1 


Feb. 


143.1 


25.3 


4.2 


.2 


6.9 


5.9 


10.6 


3.9 


200.1 


1.5 


Mar. 


160.9 


32.7 


7.4 


.8 


6.1 


6.7 


18.3 


4.5 


237.3 


3.1 


Apr. 


162.2 


29.5 


5.7 


.2 


7.2 


6.4 


14.9 


4.7 


230.9 


21.9 


May 


195.5 


36.3 


16.0 


.6 


7.6 


8.8 


18.8 


6.5 


290.2 


6.6 


June 


188.3 


37.1 


13.4 


.4 


9.7 


10.1 


15.2 


8.3 


282.4 


6.9 


July 


170.6 


32.7 


12.6 


.3 


9.1 


9.8 


18.2 


6.1 


259.5 


3.9 


Aug. 


172.6 


34.3 


14.1 


.2 


7.3 


10.9 


21.9 


6.0 


267.3 


4.0 


Sept. 


177.4 


36.2 


14.7 


.6 


8.4 


11.0 


25.4 


6.0 


279.7 


5.3 


Oct. 


208.3 


41.6 


14.8 


.5 


12.2 


13.8 


22.0 


7.3 


320.5 


6.5 


Nov. 


214.8 


39.5 


16.0 


.8 


13.8 


15.3 


20.6 


6.5 


327.3 


26.3 


Dec. 


182.3 


32.0 


11.7 


.2 


8.3 


10.4 


16.2 


5.1 


266.3 


15.7 


1951-Jan. 


233.3 


33.9 


12.5 


.2 


10.2 


9.5 


22.1 


5.4 


327.1 


35.7 


Feb. 


199.0 


27.8 


7.8 


.4 


6.7 


9.1 


17.0 


6.2 


274.2 


36.7 


Mar.< 6 > 


245.7 


30.4 


12.2 


.5 


12.3 


11.4 


22.5 


7.4 


342.5 


51.1 


Apr.<" 


278.7 


48.7 














393.1 


89.7 



* Commencing April 1, 1949, external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

(1) Includes exports of foreign produce. In the case of wheat, export figures 
are based on Board of Grain Commissioners rather than Customs data. 

(2) Imports from the United Kingdom do not include articles imported for 
the use of the armed forces of the United Kingdom. In the years 1946 and 



(3) 

(4) 

(5) 

(6) 



1947 articles admitted free under Order in Council (9213) and the item 

"Canadian Goods Returned" (9195) are excluded. 

Consists of Eire, India. Pakistan. Burma, Australia. New Zealand, Iceland, 

Ceylon and Iraq. Egypt is included in All Other. 

Excludes Spain, but includes Greece, Turkey, and British Sudan. 

Includes Egypt, Spain, Palestine, and also Newfoundland until March 31, 

1949. 

Preliminary. (7) Estimates. 



MAY 1951 



90 



MILLIONS OF DOLLARS 



MERCHANDISE TRADE* 

EXPORTS, IMPORTS AND BALANCE 



RUNNING 12- MONTH TOTALS 



MILLIONS OF DOLLARS 



3400 



3200 



3000 



2800 




2400 



D M J 


S D M J S 


D 


M 


1949 


1950 




9t 


* Excluding gold. 


April figures are preliminary. 


See 


Use 




See also footnotes to table on page 89. 



TATISTICAL SUMMARY 



BANK OF CANADA 






Tables Charts Pages 

I Bank of Canada : 

Liabilities and Assets 91-92 

General Public Holdings of Certain Liquid Assets .... 91 

Factors Affecting General Public Holdings of Certain Liquid Assets . 92 
II Chartered Banks: 

Liabilities and Assets 93-94 

III General Public Holdings of Certain Liquid Assets 93-94 

IV Security Prices: 

Government Securities Payable in Canada only 95 

Yields of Government of Canada Bonds, Payable in Canada only . 95 

Government Securities: Canada, U.K. and U.S. A 96 

Yields of Government Bonds: Canada, U.K. and U.S.A. ... 96 

V Government Bond Yields: Canada, U.K. and U.S. A 97 

VI Official Holdings of Gold and United States Dollars .... 97 

VII Foreign Exchange Rates 98 

United States Dollar in Canadian Funds 98 

VIII Business Activity 99 

IX Industrial Production 99 

X Wholesale Prices 100 

XI Cost of Living 100 

XII Newsprint: North America .... 101 

Newsprint: Production, Consumption and Stocks .... 101 

XIII Central Electric Stations 102 

Central Electric Stations: Installed Capacity and Output . . . 102 

XIV Construction: Contracts Awarded 103 

Construction Contracts Awarded 103 

XV Dairying Statistics 104 

Production and Consumption of Milk and Dairy Products . . 104 

XVI Merchandise Exports: Commodity Classification by Volume . . . 105 

XVII Merchandise Imports: Commodity Classification by Volume . . . 106 

XVIII Exports and Imports by Countries 107 

XIX U.S.A. Statistics: 

Employment, Production, Construction, Inventories, Income and Prices 108 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 



Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



JUNE 1951 



91 
















JUNF 




Millions of Dollars 
















I-Bjsi 












LIABILITIES 










Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other 
Deposits 


Foreign 
Currency 
Deposits' 1 ' 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


T 




Notes 
in Tills 


Deposits 

at 
B.ofC. 


Total 


Liar : 
As . 


Average of 




















Month-end Figures 




















1935-10 Mths. 


30.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.0 


^ 


1937—12 Mths. 


40. 2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


c 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


1 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


u 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


i,s 


1947 


152.8 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,SJ 


1948 


103.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,8 1 


1949 


180.8 


567.7 


748.4 


98.4 


79.9 


57.4 


1,086.8 


38.7 


2,1 5 


1950 


192.3 


561.6 


753.9 


41.9 


206.2 


101.4 


1,100.9 


37.8 


2,2 . 


End of 




















1950— Feb. 


179.5 


554.8 


734.4 


24.3 


176.4 


82.2 


1,071.1 


21.9 


2,1 


Mar. 


150.5 


567.3 


717.8 


71.2 


150.7 


79.2 


1,108.0 


36.9 


2,1 


Apr. 


165.5 


551.0 


717.1 


41.3 


199.8 


91.5 


1,104.3 


27.8 


2,1 


May 


210.6 


534.3 


745.0 


68.9 


202.7 


78.8 


1,065.3 


31.1 


2,17 


June 


154.7 


544.5 


699.2 


35.3 


215.8 


89.6 


1,121.1 


40.5 


2,2 i 


July 


200.3 


552.7 


753.0 


19.6 


228.9 


94.6 


1,093.9 


34.4 


2,2 5 


Aug. 


220.2 


568.2 


788.3 


16.7 


233.1 


100.2 


1,083.6 


30.9 


2,2 


Sept. 


179.3 


555.8 


735.1 


22.0 


258.2 


89.6 


1,139.1 


38.6 


2,2 


Oct. 


211.8 


621.7 


833.5 


39.0 


235.2 


143.3 


1,110.0 


48.3 


2,4 i< 


Nov. 


204.1 


578.8 


782.9 


45.3 


221.0 


149.7 


1,119.4 


56.3 


2,3 i 


Dec. 


231.3 


578.6 


809.9 


24.7 


207.1 


133.6 


1,136.1 


39.0 


2,3 


1951— Jan. 


219.6 


537.6 


757.3 


68.3 


204.4 


130.0 


1,074.8 


53.3 


2,2 1 


Feb. 


202.8 


550.5 


753.3 


69.5 


204.6 


128.9 


1,092.6 


39.8 


2,2; 


Mar. 


185.1 


552.9 


738.0 


70.5 


206.7 


88.5 


1,134.4 


28.7 


2,2 5 


Apr. 


203.1 


556.1 


759.2 


56.9 


215.1 


137.7 


1,119.9 


58.9 


2,3 7 


May 


214.8 


530.1 


744.8 


76.2 


221.5 


129.9 


1,122.7 


38.8 


2,3 1 



(1) Includes foreign exchange items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March 31. 1949. •*• May 1940 and; 
gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to the Foreign Exchange Control 

GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETS 

BILLIONS OF DOLLARS BILLIONS OF DOLLARS 




* Total Currency and Active Bank Deposits plus Inactive Notice Deposits and Government of Canada Securities; See table and footnotes on pages 93-94. 
t See table and footnotes on page 93. 



JUNE 1951 


















92 


CANADA 














Millions of Dollars 


ASSETS 




•Id 


Silver 


Foreign (1> 
Exchange 


Securities 


Advances 


All 

Other 

Accounts 




Govt, of Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 




Under 2 yrs. 


Over 2 yrs. 
























Average of 






















Month-end Figures 


?, 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935—10 Mths. 


>,0 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937—12 Mths. 


1.8 


- 


41.7 


142.8 


46.2 


- 


- 


189.1 


.2 


6.7 


1939 


r 




• 


• 


• 






• 










- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 




- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 




- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 




- 


.4 


1,133.3 


787.7 


25.0 


- 


1,946.0 


- 


26.7 


1948 




- 


53.1 


1,421.8 


571.9 


25.0 


4.3 


2,023.0 


- 


33.4 


1949 




- 


110.2 


1,503.3 


467.8 


25.0 


100.5 


2,096.6 


— 


35.4 


1950 

End of 




- 


76.8 


1,786.2 


191.1 


25.0 


5.5 


2,007.8 


- 


25.7 


Feb.— 1950 




- 


73.8 


1,655.9 


358.9 


25.0 


5.5 


2,045.4 


- 


44.6 


Mar. 




- 


86.2 


1,668.3 


371.0 


25.0 


5.5 


2,069.8 


- 


25.9 


Apr. 




- 


73.4 


1,685.7 


372.6 


25.0 


5.5 


2,088.8 


- 


29.5 


May 




- 


84.2 


1,436.7 


622.0 


25.0 


5.5 


2,089.2 


- 


28.2 


June 




- 


89.2 


1,431.0 


638.7 


25.0 


5.5 


2,100.2 


- 


35.1 


July 




- 


161.5 


1,420.4 


569.2 


25.0 


60.3 


2,074.9 


- 


28.5 


Aug. 




- 


212.3 


1,406.1 


444.6 


25.0 


170.0 


2,045.6 


- 


24.7 


Sept. 




- 


152.5 


1,381.4 


435.7 


25.0 


360.7 


2,202.9 


- 


54.0 


Oct. 




- 


127.4 


1,170.0 


662.0 


25.0 


328.1 


2,185.1 


- 


62.1 


Nov. 




- 


111.7 


1,229.3 


712.5 


25.0 


247.9 


2,214.7 


- 


24.0 


Dec. 






118.1 


1,171.0 


731.5 


25.0 


200.3 


2,127.7 




48.2 


Jan.— 1951 




- 


117.5 


1,165.4 


757.0 


25.0 


168.7 


2,116.1 


- 


55.1 


Feb. 




- 


80.2 


1,341.9 


673.7 


25.0 


114.4 


2,155.1 


- 


31.6 


Mar. 




- 


129.0 


1,327.6 


722.5 


25.0 


70.6 


2,145.7 


- 


73.0 


Apr. 




— 


125.4 


1,313.7 


777.3 


25.0 


45.3 


2,161.3 


" 


47.4 


May 



■s give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order, 
hat date the Bank's minimum gold reserve requirement has been suspended. 



Under these orders the Bank's 



FACTORS AFFECTING GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETS 

BILLIONS OF DOLLARS BILLIONS OF DOLLARS 




See table and footnotes on page 94. 



93 




















JUNE 195 




















II— CrL 


11 


Millions of Dollars 


















nk 




LIABILITIES 








Notes 


Deposits 


Cash 

in ( 3) 
Canada 


Securities 






Demand 


Notice 


Govt, of 

Canada 

and Prov. 


Canadian 
Deposits 


Foreign 


Total 
Deposits 

(2) 


Govt, of 
Canada 


Prov- 
incial 


Foreign 
Govt. 


( 




As at Dec. 31 




























1929 


175 


729 


1,434 


92 


2,270 


442 


2,820 


228 


297 


151 




1932 


127 


466 


1,378 


72 


1,928 


329 


2,306 


211 


562 


216 




1937 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


1,111 


59 






1948 


16 


2,544 


4,057 


426 


7,099 


811 


8,002 


738 


2,959 


476 


242 




'2 


1949 


14 


2,426 


4,433 


367 


7,348 


730 


8,177 


753 


3,112 


445 


242 




5 


1950 


_(6) 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 




•9 


End of 




























1950— Mar. 


- 


2,399 


4,572 


429 


7,490 


719 


8,307 


718 


3,240 


416 


229 




9 


Apr. 


- 


2,330 


4,560 


411 


7,382 


737 


8,226 


717 


3,185 


410 


235 




8 


May 


- 


2,453 


4,557 


407 


7,504 


758 


8,372 


745 


3,185 


410 


243 







June 


- 


2,538 


4,538 


371 


7,552 


745 


8,409 


699 


3,057 


407 


238 




4 


July 


- 


2,493 


4,529 


265 


7,389 


742 


8,233 


753 


3,017 


419 


225 







Aug. 


- 


2,618 


4,543 


412 


7,672 


728 


8,522 


788 


3,258 


416 


215 




8 


Sept. 


- 


2,709 


4,582 


306 


7,659 


709 


8,569 


735 


3,188 


424 


230 




5 


Oct. 


- 


2,822 


4,559 


358 


7,887 


706 


8,724 


834 


3,173 


404 


201 




1 


Nov. 


- 


2,824 


4,543 


452 


7,995 


716 


8,845 


783 


3,081 


416 


205 




Q 


Dec. 


- 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 






1951— Jan. 




2,638 


4,577 


533 


7,884 


724 


8,739 


757 


3,054 


401 


188 






Feb. 


- 


2,612 


4,618 


445 


7,841 


734 


8,702 


753 


2,887 


398 


190 






Mar. 


- 


2,487 


4,614 


523 


7,753 


719 


8,625 


738 


2,801 


373 


210 






Apr. 


- 


2,725 


4,598 


360 


7,856 


749 


8,742 


759 


2,742 


368 


208 






May 


— 


2,692 


4,589 


405 


7,829 


747 


8,718 


745 


2,720 


370 


190 




|8 


(1) Estimated month-end dej 


>osits payabl 


s in Canadia 


n currency. (2) Inclu 


des inter-bank deposits. 


(3) Unti 


March 1935: Gold and Coin in Canada 




end Canadian deposits in 1926 


-35 and mon 


thly average 


deposits in 1936 and after 


(S) Bank of Canada 


notes in public circulation and chartered bank note cir 




outstanding notes 


issued for c 


rculation in 


Canada tran 


iferred to Ba 


nk of Canad 


a during January 1950. 












. 



















III— GENERAL PUBLIC HOLD] 


( 


















Currency, Bank Deposits in 


Millions of Dollars 




















I 


«t 




Currency and Active Bank Deposits 






Currency 
Outside Banks 


Active Bank Deposits 


T 

Cui 


a 
i 




Chartered Banks 


(7) 

Bank of 






























Notes <•> 


Coin< 2 > 


Total 


(3) 

Demand 


Active^' 
Notice 


Other< J > 
excl. 
Govt. 


Total 


Deduct^ 
Float 


Net 
Total 


Canada 
"Other" 
Deposits 


Total 


Ai v 
B ik 

De) si 














of Canada 














- 


As at Dec. 31 


























1948 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


4 IS 


1949 


1,110 


74 


1,184 


2,426 


682 


338 


3,446 


335 


3,111 


127 


3,238 


4 '2 


1950 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4 ■] 


End of 


























1950— Mar. 


1,108 


73 


1,181 


2,399 


704 


372 


3,475 


361 


3,114 


151 


3,265 


4.4 


Apr. 


1,104 


74 


1,178 


2,330 


704 


351 


3,385 


280 


3,105 


200 


3,305 


4 


May 


1,065 


73 


1,138 


2,453 


702 


348 


3,503 


365 


3,138 


203 


3,341 


4 


June 


1,121 


75 


1,196 


2,538 


699 


351 


3,588 


475 


3,113 


216 


3,329 


4 


July 


1,094 


75 


1,169 


2,493 


695 


318 


3,506 


355 


3,151 


229 


3,380 


4,!l 


Aug. 


1,084 


75 


1,159 


2,618 


696 


323 


3,637 


351 


3,286 


233 


3,519 


4.8 


Sept. 


1,139 


77 


1,216 


2,709 


699 


389 


3,797 


352 


3,445 


258 


3,703 


4,9 


Oct. 


1,110 


77 


1,187 


2,822 


695 


437 


3,954 


451 


3,503 


235 


3,738 


4,5 


Nov. 


1,119 


77 


1,196 


2,824 


694 


419 


3,937 


476 


3,461 


221 


3,682 


4,8 


Dec. 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,1 


1951— Jan. 


1,075 


76 


1,151 


2,638 


702 


395 


3,735 


402 


3,333 


204 


3,537 


4,8 


Feb. 


1,093 


76 


1,169 


2,612 


709 


415 


3,736 


448 


3,288 


205 


3,493 


4,2 


Mar. 


1,134 


78 


1,212 


2,487 


711 


428 


3,626 


376 


3,250 


207 


3,457 


4,9 


Apr. 


1,120 


78 


1,198 


2,725 


709 


429 


3,863 


499 


3,364 


215 


3,579 


4,|7 


May 


1,123 


79 


1,202 


2,692 


707 


398 


3,797 


467 


3,330 


222 


3,552 


4,4 

- 



■Jt The term General Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings see Table III, page 59 in the April Statistical Summary, 
f Chartered banks' Newfoundland branch statistics are included as from 
1 April 1st. 1949. 
■fc-AThe whole of the increase or decrease in Canada's foreign exchange reserves 
is embodied in the related factors in this table; to the extent that such 
changes do not appear in the column "Bank of Canada Gold and Exchange 
Holdings (net)" they affect changes in "Government of Canada Direct 
and Guaranteed Funded Debt." 
(1) Note Circulation of Bank of Canada and, prior to 1950, of the chartered 
banks; excluding notes held by chartered banks. 



Subsidiary coin issued by the Mint less coin held by Bank of Canada and 
chartered banks in Canada. 

Chartered banks' public demand deposits in Canada. 
Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts and 
non-personal notice deposits. 

Chartered banks' Canadian dollar deposits of provincial governments, 
and of Canadian, United Kingdom, and foreign banks. 
Cheques on other banks as shown in chartered bank month-end returns 
to the Minister of Finance. 
(7) Other Deposits with the Bank of Canada as shown in published month-end 
statements — i.e. excluding Government of Canada, chartered bank and 
foreign currency deposits. 



(2) 

(3) 
(4) 



(5) 

(6) 



JUNE 1951 

D BANKS 

tada 



ASSETS 



)tal 



448 
778 
411 

1268 
345 

1 286 

453 
398 
408 
276 
1240 
478 
436 
349 
280 
286 

248 
093 
986 
924 
886 



Loans 



CANADA 



Call 



262 
103 
76 
101 
133 
134 

83 
103 
105 
145 
94 
99 
101 
115 
164 
134 

118 

109 
94 
87 
92 



Current 
Public 



1,403 
964 
749 
2,077 
2,174 
2,651 

2,218 
2,226 
2,234 
2,293 
2,287 
2,294 
2,352 
2,449 
2,611 
2,651 

2,671 
2,736 
2,856 
2,886 
2,896 



Current 
Other 



122 
140 
113 
71 
97 
125 

126 
123 
118 
115 
98 
98 
121 
116 
126 
125 

124 
136 

152 
161 
170 



ABROAD 



Call 



245 
91 
60 
78 
70 

100 

76 

98 

87 

90 

95 

95 

110 

117 

96 

100 

113 

114 
96 
97 
99 



Current 



251 

152 
166 
240 
211 
247 

209 
212 
214 
222 
223 
220 
233 
230 
234 
247 

252 
256 
252 
271 
281 



Total 

Assets 



3,521 
2,852 
3,281 
8,580 
8,718 
9,496 

8,839 
8,770 
8,912 
8,950 
8,796 
9,102 
9,162 
9,323 
9,450 
9,496 

9,379 
9,354 
9,284 
9,403 
9,370 



94 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in o) 
Canada 


Deposits 


Canadian 


Note ( 5 ) 




(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


711 


6,547 


10.9 


1,053 


1948 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


723 


7,304 


9.9 


1,070 


Mar.— 1950 


748 


7,417 


10.1 


1,078 


Apr. 


742 


7,394 


10.0 


1,070 


May 


724 


7,419 


9.8 


1,071 


June 


755 


7,433 


10.1 


1,084 


July 


781 


7,369 


10.6 


1,082 


Aug. 


734 


7,557 


9.7 


1,096 


Sept. 


812 


7,786 


10.4 


1,107 


Oct. 


779 


7,881 


9.9 


1,111 


Nov. 


792 


7,847 


10.1 


1,131 


Dec. 


802 


7,890 


10.2 


1,079 


Jan.— 1951 


728 


7,766 


9.4 


1,083 


Feb. 


748 


7,655 


9.8 


1,103 


Mar. 


770 


7,734 


10.0 


1,106 


Apr. 


756 


7,731 


9.8 


1,110 


May 



otes and "Free" Central Gold Reserve Deposits: after that date: Bank of Canada Notes and Deposits. (4) Figures given are averages of estimated month- 

itter being, since September 1944, an approximate figure only. (6) Notes issued for circulation outside Canada only commencing in January 1950: liability for 

' CERTAIN LIQUID ASSETS*! 

ERNMENT OF CANADA SECURITIES 

°<fo Millions of Dollars 



(8) 

:tive 
tered 
nk 


Govt, of 
Canada 


Total 


Related Factors** 




Govt, of Canada Direct and Guaranteed Funded Debt (9) 


Bank< 18 > 
Loans 
& Non- 


Bk.ofCan 
Gold and 


Deduct 
All 




Held by Bk. of Can. & Ch. Bks. 


Held by Other Investors 


















ice 


Securities 






Deduct < n > 






Deduct 






Exchange 


Other 




•1 

>sits 


(9) (10) (12) 




Total 

(10) 


Govt, of 
Canada 
Deposits 


Net 
Total 


Total 


Securities 
held by all 
Govt.Accls 


Net 
Total 


Invest- 
ments 


Holdings 
(Net) 


(Net) 

(14) 




























As at Dec. 31 


108 


10,249 


17,992 


4,972 


320 


4,652 


11,506 


1,257 


10,249 


3,341 


- 


250 


1948 


'51 


9,904 


18,077 


5,121 


181 


4,940 


10,700 


796 


9,904 


3,419 


- 


186 


1949 


161 


10,069 


18,781 


5,021 


280 


4,741 


10,916 


847 


10,069 


3,950 


226 


205 


1950 


!69 


9,803 


18,118 


5,255 


217 


5,038 


10,593 


790 


9,803 


3,437 


_ 


160 


End of 
Mar- 1950 


S57 


9,772 


18,112 


5,224 


182 


5,042 


10,551 


779 


9,772 


3,455 


- 


157 


Apr. 


155 


9,711 


18,045 


5,243 


215 


5,028 


10,495 


784 


9,711 


3,461 


- 


155 


May 


(39 


9,869 


18,233 


5,116 


160 


4,956 


10,665 


796 


9,869 


3,559 


- 


151 


June 


534 


9,819 


18,202 


5,087 


68 


5,019 


10,631 


812 


9,819 


3,502 


- 


138 


July 


(48 


9,840 


18,366 


5,248 


204 


5,044 


10,646 


806 


9,840 


3,521 


116 


155 


Aug. 


(83 


10,020 


18,822 


5,039 


1 


5,038 


10.835J 


815 


10.020J 


3,618 


293 


147 


Sept. 


(64 


9,966* 


18,755* 


4,990 


108 


4,882 


10,804* 


838 


9,966* 


3,681 


370 


144 


Oct. 


(50 


10,184 


18,912 


4,913 


253 


4,660 


11,046 


862 


10,184 


3,921 


306 


159 


Nov. 


(61 


10,069 


18,781 


5,021 


280 


4,741 


10,916 


847 


10,069 


3,950 


226 


205 


Dec. 


475 


10,099 


18,662 


4,956 


344 


4,612 


10,947 


848 


10,099 


3,943 


182 


174 


Jan.— 1951 


>09 


10,076 


18,647 


4,809 


266 


4,543 


10,922 


846 


10,076 


4,022 


157 


151 


Feb. 


>03 


10,023* 


18,595* 


4,817 


295 


4,522 


10,868* 


845 


10,023* 


4,101 


106 


157 


Mar. 


188 


9,967* 


18,632* 


4,792 


161 


4,631 


10,820* 


853 


9,967* 


4,133 


62 


161 


Apr. 


(81 


9,908 


18,543 


4,811 


226 


4,585 


10,772 


864 


9,908 


4,159 


41 


150 


May 



(8) Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits in 
Canada. 

(9) Direct and guaranteed securities (including refundable taxes). Direct 
debt includes both matured and unmatured issues outstanding, exclusive 
of sinking fund holdings; guaranteed debt is included on the basis of the 
total unmatured issues outstanding; Newfoundland debt assumed by 
the Government of Canada has been included since June 1949. Foreign 
pay securities have been valued at official mid-rates of exchange to 
September 30, 1950, and at market rates thereafter. 

(10) Chartered banks' temporary advances to the general public in connection 
with the purchase of Victory Loan Bonds at time of issue, amounting to 
166, 261, 271, and 411 in the years 1942 to 1945 inclusive, have been 



included in bank holdings of Government securities and deducted from 
holdings of the general public. 

Canadian dollar deposits of the Government of Canada at chartered 
banks and Bank of Canada. 

(12) Holdings of all investors other than Bank of Canada, chartered banks 
and Government of Canada accounts. 

(13) All loans in Canada of the chartered banks other than temporary advances 
in connection with Victory Loan issues, plus chartered banks' holdings 
of provincial, municipal and "other" securities, and Bank of Canada 
holdings of Industrial Development Bank Capital stock. 
Net of all related asset and liability items not shown elsewhere in this table. 
Excludes $50 million (U.S. funds) borrowed in New York to redeem an 
issue falling due on October 1st. *Revised. 



(ID 



(14) 
t 



95 












JUNE 195 






IV— SECURITY PRICES 








Bank of Canada 








Government of Canada Bonds Payable in Canada Only 








Based on Middle of the Market quotations 






Average of Business Days 


15th of Each Month 






Theoretical 


Theoretical 


Theoretical 


Theoretical 






3% Perpetuals 


15 Year 


9 Year 


5 Year 


2 Year 








Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 




Annual Average 
















1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 




1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 




1945 


97.79 


3.07 


2.93 


2.54 


1.92 


1.39 




1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 




1947 


104.00 


2.73 


2.57 


2.25 


1.75 


1.43 




1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 




1949 


100.88 


2.93 


2.83 


2.64 


2.24 


1.66 




1950 


101.70 


2.87 


2.78 


2.67 


2.22 


1.81 




Monthly 
















1950— Jan. 
Feb. 


101.89 


2.86 


2.75 


2.62 


2.18 


1.73 




101.58 


2.88 


2.73 


2.60 


2.16 


1.73 




Mar. 


101.78 


2.86 


2.73 


2.60 


2.16 


1.72 




Apr. 


101.78 


2.86 


2.77 


2.63 


2.18 


1.73 




May 


102.14 


2.84 


2.75 


2.61 


2.17 


1.74 




June 


102.29 


2.82 


2.73 


2.59 


2.10 


1.74 




July 


101.86 


2.86 


2.77 


2.67 


2.14 


1.77 




Aug. 


102.05 


2.84 


2.75 


2.64 


2.15 


1.74 




Sept. 


102.41 


2.81 


2.71 


2.62 


2.17 


1.76 




Oct. 


101.82 


2.86 


2.75 


2.68 


2.22 


1.83 




Nov. 


100.95 


2.93 


2.88 


2.84 


2.42 


2.02 




Dec. 


99.89 


3.00 


2.99 


2.97 


2.55 


2.17 




1951— Jan. 
Feb. 


99.44 


3.02 


3.02 


3.00 


2.63 


2.26 




99.41 


3.02 


3.02 


3.00 


2.60 


2.27 




Mar. 


96.68 


3.10 


3.25 


3.21 


2.89 


2.70 




Apr. 


96.34 


3.11 


3.24 


3.20 


2.75 


2.48 




May 


96.23 


3.12 


3.24 


3.18 


2.62 


2.28 




June 


95.38 


3.15 


3.25 


3.15 


2.62 


2.35 



I 0% 



14% 



I 8% 



2 2% 



2 6% 



3 0% 



3 4% 



3 8% 



YIELDS OF GOVERNMENT OF CANADA 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15 th of each month 



BONDS 




I 0% 



•I 4% 



18% 



22% 



26% 



3 0% 



3 4% 



3 8% 



1937 1936 1939 1940 1911 1942 1943 1944 1945 1946 1947 1946 1949 1950 1951 

(1) Prior to 1940 figures are for the 1st of month. (2) 1937 figures are for the 1st of the month; 1938-39 figures are for average of month. 
(3) July 1st. 



JUNE 1951 



96 



IV— SECURITY PRICES 

Bank of Canada 





Government Bonds 


3 Month Treasury Bills 




Average of Business Days 


Tender Rate Nearest 15th of Month 




Canada (I) 


U. K.<»> 


U.S.A. <» 






















U K 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 








Annual Average 




















1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


1947 


104.84 


2.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.592 


1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


.411 


.509 


1.037 


1949 


101.54 


2.85 


100.00 


2.93 


103.21 


2.24 


.485 


.521 


1.096 


1950 


102.23 


2.77 


97.38 


3.19 


103.00 


2.24 


.552 


.516 


1.215 


Monthly 
1949— Nov. 


103.08 


2.69 


95.11 


3.34 


104.76 


2.11 


.512 


.523 


1.056 


Dec. 


102.65 


2.73 


97.17 


3.20 


104.88 


2.10 


.512 


.519 


1.115 


1950— Jan. 


102.65 


2.73 


95.84 


3.29 


104.80 


2.10 


.512 


.524 


1.101 


Feb. 


102.71 


2.72 


96.47 


3.25 


104.25 


2.14 


.513 


.524 


1.131 


Mar. 


102.70 


2.72 


95.68 


3.31 


103.76 


2.18 


.512 


.525 


1.131 


Apr. 


102.39 


2.75 


96.72 


3.23 


103.37 


2.21 


.513 


.512 


1.160 


May 


102.68 


2.72 


97.01 


3.21 


103.15 


2.23 


.514 


.513 


1.165 


June 


102.55 


2.73 


98.08 


3.14 


102.91 


2.25 


.512 


.514 


1.177 


July 


102.20 


2.77 


96.72 


3.23 


102.73 


2.26 


.512 


.512 


1.168 


Aug. 


102.41 


2.75 


97.10 


3.21 


102.69 


2.26 


.546 


.513 


1.173 


Sept. 


102.88 


2.70 


98.11 


3.14 


102.41 


2.29 


.615 


.514 


1.311 


Oct. 


102.16 


2.77 


99.29 


3.05 


102.16 


2.31 


.623 


.514 


1.337 


Nov. 


101.21 


2.87 


99.26 


3.05 


101.98 


2.32 


.624 


.513 


1.380 


Dec. 


100.24 


2.97 


98.30 


3.12 


101.73 


2.35 


.626 


.519 


1.351 


1951— Jan. 


99.94 


3.01 


98.34 


3.12 


101.96 


2.32 


.626 


.511 


1.391 


Feb. 


99.94 


3.01 


96.44 


3.26 


101.87 


2.33 


.728 


.513 


1.391 


Mar. 


97.88 


3.17 


96.27 


3.28 


100.19 


2.48 


.755 


.512 


1.402 


Apr. 


97.49 


3.21 


95.27 


3.35 


98.68 


2.59 


.755 


Ml 


1.529 


May 


97.54 


3.20 


94.25 


3.43 


97.41 


2.69 


.755 


.512 


1.626 


June 


97.12 


3.24 


92.78 


3.55 


97.24 


2.70 


.754 


.512 


1.467 



(1) Government of Canada 3% due Sept. 1. 1961-66. (2) United Kingdom 3% due Apr. 15, 1959-69. 

1963-68 is not eligible for commercial banks before Dec. 1, 1952. 



(3) U.S. Treasury 2K% due Dec. 15. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS : CANADA, U.K. AND U.S.A. 

Daily Opening Quotations 



1.1% 



IA% 



2.2% 



2,8% 




34% 



MAY JUNE JULY AUG SEPT. OCT. 

1950 
* Security is not eligible for commercial banks before Dec. 1, 1952. 



MAR APR. 

1951 



97 



JUNE 1951 



V— GOVERNMENT BOND YIELDSt 

Bank of Canada 



1948 



Sept. 30 Dec. 31 



1949 



Mar. 31 June 30|Sept.30| Dec. 31 



1950 



Mar. 31 June 30 Sept.29|Dec. 30 



1951 



Mar.3l|june30 



Government of Canada 



Internal Issues 

1K% due Nov. 1, 1952<'>. 

3% due Nov. 1, 1953/56 

3% due June 1, 1957/60 

3% due Sept. 1, 1961/66 

New York Issues 
3K%due Jan. 15, 1956/61. 
2%% due Sept. 1, 1974<».. 
4J^% due July 1, 1957*... 



2.42 
2.85 
2.98 



2.71 
2.87 



2.34 
2.78 
2.93 



2.51 
2.68 



2.37 
2.71 
2.93 



2.22 

2.46 



2.39 
2.70 
2.91 



2.22 
2.54 



2.36 
2.62 
2.74 



2.31 
2.73 
2.53 



1.72 
2.34 
2.59 
2.72 



1.97 
2.64 
2.24 



1.76 
2.35 
2.63 

2.77 



2.01 
2.61 
2.17 



1.79 
2.35 
2.62 
2.78 



2.24 
2.70 
2.50 



1.80 
2.47 
2.65 
2.74 



2.15 
2.72 
2.52 



2.17 
2.76 
3.02 
3.02 



2.35 
2.70 
2.59 



2.67 
3.16 
3.19 
3.22 



2.91 
2.96 
2.95 



2.30 
3.07 
3.15 
3.24 



2.92 
3.02 
3.12 



United States government 



lVs% due Mar. 15, 1954< 1 >. 

2Y 2 % due Mar. 15, 1956/58 

2Y 2 % due Dec. 15, 1963/68 

2Y 2 % due Dec. 15, 1967/72 













1.31 


1.40 


1.46 


1.57 


1.62 


2.01 


2.04 


1.93 


1.77 


1.59 


1.51 


1.46 


1.54 


1.62 


1.67 


1.80 


2.17 


2.41 


2.37 


2.33 


2.25 


2.13 


2.08 


2.19 


2.27 


2.30 


2.35 


2.53 


2.48 


2.47 


2.43 


2.38 


2.30 


2.24 


2.35 


2.42 


2.44 


2.45 


2.56 



1.97 
2.14 
2.71 
2.69 



UNITED KINGDOM GOVERNMENT 



2M%dueFeb. 15, 1955< 1 >. 

3% due Oct. 15, 1955/59 

2 l A% due May 1, 1964/67 

3% due Aug. 15, 1965/75 



2.34 

2.74 
2.96 



2.18 
2.61 
2.86 



2.15 
2.57 
2.86 



2.65 
2.86 
3.11 



2.55 
3.02 
3.37 



2.49 
3.07 
3.39 



2.23 
2.54 
3.10 
3.44 



2.05 
2.42 
3.03 
3.43 



1.88 
2.32 
2.88 
3.22 



1.84 
2.25 
2.95 
3.26 



1.79 
2.25 
3.15 
3.43 



2.00 
2.50 
3.35 
3.68 



f Based on approximate market bid side. 



(1) New issue. 



* Canadian National Railways (Guaranteed by Canada). 



Millions of U.S. Dollars 



VI— OFFICIAL HOLDINGS OF GOLD AND U.S. DOLLARS* 

Department of Finance 



Jan. 



Feb. 



Mar. 



Apr. 



May 



June 



July 



Aug. 



Sept. 



Oct. 



Nov. 



Dec. 



1948 



Gold 

U.S. Dollars.... 


296.0 
215.0 


305.3 
222.2 


313.5 
294.0 


322.7 
345.7 


331.2 
362.9 


340.4 
401.5 


350.7 
418.0 


359.9 
454.3 


370.9 
484.0 


380.1 
512.1 


388.9 
579.3 


401.3 
596.5 


Total 


511.0 


527.5 


607.5 


668.4 


694.1 


741.9 


768.7 


814.2 


854.9 


892.2 


968.2 


997.8 



1949 



Gold 

U.S. Dollars... . 


407.2' 

614.7 

1,021.9 


406.6 
637.3 


408.1 
659.1 


397.7 
593.5 


409.7 
567.5 


419.3 
557.6 


427.2 
545.9 


439.7 
547.4 


450.2 
535.1 


461.7 
545.7 


475.4 
593.0 


486.4 
630.7 


Total 


1,043.9 


1,067.2 


991.2 


977.2 


976.9 


973.1 


987.1 


985.3 


1,007.4 


1,068.4 


1,117.1 



1950 



Gold 

U.S. Dollars.... 


500.3 
649.1 


500.7 
675.2 


502.3 
689.9 


502.3 
674.9 


506.2 
676.2 


509.5 
745.9 


521.8 
798.7 


533.4 
970.8 


542.8 
1,246.8 


558.5 
1,268.3 

1,826.8 


570.1 
1,217.3 

1,787.4 


580.2 
1,161.5 


Total 


1,149.4 


1,175.9 


1,192.2 


1,177.2 


1,182.4 


1,255.4 


1,320.5 


1,504.2 


1,789.6 


1,741.7 



1951 



Gold 

U.S. Dollars... . 


596.2 
1,147.4 


607.1 
1,134.8 


610.4 
1,043.0 

1,653.4 


625.3 
1,039.0 


634.4 
1,047.2 

1,681.6 


645.7 
1,037.3 














Total 


1,743.6 


1,741.9 


1,664.3 


1,683.0 





* Gold and United States Dollars held by the Exchange Fund Account and Bank of Canada and United States Dollars held by Other Government of Canada 
Accounts; not including any part of an amount of $98.8 million in U.S. Funds borrowed in the United States in August 1949 by the Government of Canada and 
set aside for the purpose of retiring an equal amount of certain securities payable in U.S. dollars in following months. Also excludes, in September 1950 only, 
an amount of $50.0 million set aside from reserves, as well as $50.0 million obtained through a bond issue in New York, to redeem a Government of Canada 
issue of $100 million, payable in U.S. dollars and falling due on October 1st. 



JUNE 1951 



98 



VII— FOREIGN EXCHANGE RATES 

Bank of Canada 



Cents per unit 




urriwAi 


^ it/iiE/a 










U. S. Dollar in Canada 


£ Sterling in Canada 




Buying 


Selling 


Mid-rate 


Buying 


Selling 


Mid-rate 


1939 - Sept. 16(D 

1945 - Oct. 15(D 

1946 - July 6d) 
1949 - Sept. 20(D 


110.00 
110.00 
100.00 
110.00 


111.00 
110.50 
100.50 
110.50 


110.50 
110.25 
100.25 
110.25 


443.00 
443.00 
402.00 
307.25 


447.00 
445.00 
404.00 
308.75 


445.00 
444.00 
403.00 
308.00 



MARKET RATESt 





U. S 


. Dollar in Canada 


£ Sterling in Canada 




High 


Low 


Noon aver. 


High 


Low 


Noon aver. 


Business Days 














1950— Oct. 


107.00 


104.56 


105.34 


299.60 


292.78 


294.96 


Nov. 


104.84 


103.25 


104.03 


293.50 


289.25 


291.23 


Dec. 


106.00 


104.59 


105.31 


296.75 


293.00 


294.86 


1951— Jan. 


105.94 


104.75 


105.17 


296.50 


293.50 


294.46 


Feb. 


105.38 


104.41 


104.92 


295.00 


292.44 


293.82 


Mar. 


105.25 


104.44 


104.73 


294.75 


292.50 


293.29 


Apr. 


106.81 


104.94 


105.99 


299.19 


293.88 


296.74 


May 


106.94 


105.38 


106.37 


299.50 


295.13 


297.89 


June 


107.31 


106.63 


106.94 


300.50 


298.50 


299.41 



* Rates established by the Government commencing from the institution of exchange control on Sept. 16, 1939. 
(1) Dates on which official rates were established or changed. 
t Commencing Oct. 2, 1950, official rates of exchange were discontinued; market rates are quotations for transactions between banks in the exchange market. 

UNITED STATES DOLLAR IN CANADIAN FUNDS* 



CANADIAN DOLLARS 

I 08 



CANADIAN DOLLARS 

I 08 




I 04 



* Market rates; see footnote to table above. 



99 



JUNE 1951 



VIII— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





Production 


Res- 
idential 

Con- 
struction 


Car 

Loadings 


Value 

of 

Department 


Employ- 
ment 
Index 

(3) 


Aggregate 
Payrolls 










News- 


Central 


Index 

(3) 




Gold 


Nickel 


Steel 


print 

(i) 


Electric 
Stations' 2 ' 


Contracts 
Awarded 




Store Sales 


Unadjusted 


Unadjusted 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 




Millions 








Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 


Thousands 


of Dollars 


1939=100 


1939 = 100 


AnnualTotals< 4 ' 






















1932 


3,044 


15 


380 


2,186 


12,296 


29 


2,180 


254 


(5) 


(5) 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


289 


(S) 


(5) 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


158.3 


245.2 


1948 


3,530 


132 


3,202 


4,983 


40,607 


373 


4,060 


805 


165.0 


282.9 


1949 


4,124 


129 


3,187 


5,176 


42,103 


464 


3,907 


856 


165.5 


303.7 


1950 


4,448 


123 


3,384 


5,279 


46,085 


542 


3,906 


873 


168.0 


321.8 


12-mths. ending 






















May 1951 


4,448* 


126* 


3,503 


5,412 


48,987 


545 


4,070 


906 


173.9 


343.9 


Monthly 






















1950— Jan. 


354.3 


10.2 


289.9 


417.0 


3,783 


24.0 


271 


49.7 


103.8 


295.9 


Feb. 


349.9 


9.6 


25S.1 


399.2 


3,434 


20.3 


282 


50.2 


158.3 


290.4 


Mar. 


383.3 


9.3 


294.3 


451.6 


3,801 


30.2 


330 


67.3 


157.9 


300.5 


Apr. 


369.7 


11.2 


279.3 


422.8 


3,656 


43.0 


292 


67.4 


159.0 


303.8 


May 


373.8 


11.0 


290.9 


459.9 


3,804 


54.2 


338 


73.6 


159.7 


305.8 


June 


368.9 


10.8 


276.4 


441.0 


3,706 


63.7 


354 


69.3 


166.0 


315.3 


July 


368.4 


9.3 


264.2 


439.3 


3,715 


74.2 


332 


54.8 


170.8 


328.3 


Aug. 


376.5 


7.7 


281.3 


466.4 


3,849 


48.5 


275 


61.4 


172.5 


332.5 


Sept. 


364.9 


11.7 


274.9 


437.6 


3,852 


56.3 


363 


78.3 


174.1 


328.0 


Oct. 


376.8 


10.3 


293.9 


456.4 


4,102 


54.8 


385 


83.8 


177.1 


346.6 


Nov. 


378.8 


11.9 


289.5 


456.7 


4,143 


44.0 


369 


98.2 


178.1 


351.7 


Dec. 


383.1 


10.3 


291.2 


430.6 


4,241 


28.5 


314 


118.9 


179.2 


356.2 


1951— Jan. 


374.5 


10.9 


309.7 


453.0 


4,368 


16.0 


331 


58.3 


175.3 


338.2 


Feb. 


347.1 


9.6 


281.4 


425.1 


3,982 


25.0 


294 


58.4 


172.3 


351.5 


Mar. 


372.4 


11.6 


314.8 


473.0 


4,395 


32.0 


336 


72.6 


172.3 


353.8 


Apr. 


362.5 


10.5 


312.0 


447.6 


4,227 


49.8 


337 


75.1 


173.3 


357.8 


May 






313.3 


485.7 


4,407 


52.0 


380 


76.6 


175.2 


367.4 



(1) Source; Newsprint Association of Canada. Includes Newfoundland. (2) Total output less exports and secondary power. Includes Newfoundland 

commencing January 1950. (3) 9 Leading industries. First of month figures. (4) Average of months in case of Employment and Payrolls Indexes. 

*12-months ending Apr. 1951. (5) Not available. 



Index 1935-39 = 100 



IX— INDUSTRIAL PRODUCTION 

Dominion Bureau of Statistics 







Non-Durable Manufactures 


Durable Manufactures 


Total 
Manufac- 
tures 




Total 




Mining 














Electric 
Power 


Industrial 
Produc- 
tion 




Foods & 
Beverages 


Clothing 


Total 


Iron & 
Steel < 2 > 


Transpor- 
tation 
Equipment 


Total 


Aver, of mths. 






















1937 


105.0 


102.0 


103.5 


105.8 


115.7 


121.2 


113.9 


108.8 


105.6 


108.0 


1941 


134.5 


136.3 


144.9 


140.4 


221.3 


298.7 


205.1 


164.2 


127.9 


157.2 


1946 


103.3 


174.6 


130.5 


163.0 


187.3 


215.9 


179.3 


169.0 


159.2 


159.2 


1947 


112.7 


184.3 


134.0 


174.2 


211.9 


240.0 


208.4 


186.8 


172.5 


175.5 


1948 


127.9 


188.9 


139.2 


179.0 


221.2 


236.4 


214.6 


192.1 


170.2 


181.5 


1949 


133.6 


189.3 


142.5 


179.8 


220.3 


245.2 


217.6 


193.8 


178.7 


184.3 


1950* 


147.5 


192.6 


138.2 


187.9 


226.1 


269.8 


241.2 


207.6 


194.4 


198.3 


12-mths ending 






















Mar. 1951 


151.2 


194.9 


139.8 


191.7 


234.9 


288.5 


254.0 


214.6 


202.1 


204.9 


Monthly 






















1950— Jan. 


138.6 


175.0 


134.4 


175.0 


214.5 


262.3 


217.1 


190.5 


180.3 


182.6 


Feb. 


144.2 


172.4 


140.0 


178.1 


215.0 


266.4 


225.4 


195.5 


181.2 


187.3 


Mar. 


144.7 


183.8 


141.8 


183.0 


216.9 


253.8 


231.6 


200.9 


183.8 


191.8 


Apr. 


143.0 


188.7 


145.1 


185.0 


216.2 


256.1 


223.7 


199.2 


190.2 


190.8 


May 


140.4 


198.1 


142.0 


188.8 


223.1 


271.3 


237.7 


206.8 


203.3 


197.4 


June 


147.6 


205.3 


131.4 ' 


192.7 


224.3 


298.1 


254.0 


215.3 


207.4 


205.3 


July 


146.1 


199.9 


131.2 


187.5 


220.7 


300.5 


240.1 


206.9 


206.1 


198.5 


Aug. 


136.2 


197.3 


125.2 


183.6 


214.1 


221.7 


225.6 


199.0 


200.1 


190.5 


Sept. 


153.3 


196.5 


133.9 


193.3 


233.1 


279.1 


250.5 


214.4 


195.5 


204.5 


Oct. 


158.8 


202.6 


142.1 


197.4 


243.8 


290.4 


263.5 


221.7 


191.8 


210.7 


Nov. 


162.1 


197.8 


145.0 


196.7 


248.7 


263.0 


261.9 


221.0 


192.0 


210.6 


Dec. 


154.6 


193.5 


145.6 


194.2 


242.5 


275.2 


263.1 


219.6 


201.0 


209.2 


1951— fan. 


158.3 


180.4 


140.4 


189.3 


252.6 


309.6 


269.8 


218.9 


211.3 


210.0 


Feb.* 


157.6 


184.5 


146.4 


193.9 


249.4 


340.0 


276.8 


224.4 


210.3 


214.1 


Mar.* 


156.5 


194.6 


148.5 


197.4 


250.5 


357.4 


280.0 


227.8 


216.1 


217.2 



(1) Physical volume of Production. Seasonally adjusted indexes. 



(2) Primary iron and steel, iron castings and wire products. * Preliminary. 



JUNE 1951 



100 



X— WHOLESALE PRICES 

Index 1935-39 = 100 



CANADA 

Dominion Bureau 
of Statistics 



U.S.A. 


U.K. 


Bureau 


Board of 


of Labor Statistics^ 


Traded 





Farm Products* 


Raw& 


Fully & 












Partly 


Chiefly 


Total 










Manu- 


Manu- 




Field t 


Animal 


Total f 


factured 


factured 




Average of Months 














1926 


158.5 


130.2 


144.4 


129.1 


133.0 


130.3 


1932 


60.4 


70.5 


65.5 


75.5 


92.8 


86.9 


1937 


128.9 


106.0 


107.4 


113.7 


104.4 


107.7 


1946 


177.9 


181.2 


179.5 


140.1 


138.0 


138.9 


1947 


184.1 


200.2 


192.2 


164.3 


162.4 


163.3 


1948 


200.6 


263.7 


232.1 


196.3 


192.4 


193.4 


1949 


191.9 


265.4 


228.7 


197.1 


199.2 


198.3 


1950 


184.6 


281.4 


233.0 


212.8 


211.0 


211.2 


Monthly 














1950— Feb. 


189.3 


259.6 


224.5 


199.0 


201.0 


200.0 


Mar. 


192.8 


266.0 


229.4 


200.6 


202.4 


201.5 


Apr. 


194.7 


268.0 


231.3 


202.3 


203.1 


202.5 


May 


195.4 


272.8 


234.1 


206.9 


204.2 


204.7 


June 


197.7 


289.1 


243.4 


214.6 


207.1 


209.2 


July 


197.2 


296.4 


246.8 


218.8 


209.3 


212.0 


Aug. 


174.2 


298.5 


236.3 


221.2 


213.7 


215.7 


Sept. 


172.6 


297.1 


234.9 


226.0 


221.6 


222.6 


Oct. 


170.2 


286.8 


228.5 


220.0 


220.8 


220.0 


Nov. 


170.3 


290.5 


230.4 


221.9 


223.2 


222.4 


Dec. 


170.6 


298.4 


234.5 


225.1 


225.7 


225.2 


1951— Jan. 


173.5 


310.9 


242.2 


231.1 


233.6 


232.3 


Feb. 


177.9 


329.6 


253.7 


237.1 


240.0 


238.5 


Mar. 


181.2 


347.2 


264.2 


238.8 


244.1 


241.8 


Apr. 


181.6 


331.6 


256.6 


238.6 


244.9 


242.2 


May 


177.0 


336.1 


256.5 


238.9 


244.4 


241.9 



Farm 
Products 


Raw 
Materials 


Manu- 
factured 
Products 


Total 


131.6 


130.2 


120.8 


124.1 


63.4 


71.7 


84.9 


80.4 


113.7 


110.4 


105.3 


107.1 


195.5 


175.1 


139.9 


149.9 


238.1 


215.4 


176.1 


188.5 


247.9 


232.4 


192.5 


204.9 


217.7 


213.2 


182.6 


192.2 


224.3 


224.6 


189.4 


200.4 


209.3 


211.5 


180.1 


189.5 


209.7 


212.0 


179.8 


189.5 


209.6 


211.0 


180.4 


189.7 


216.7 


216.5 


183.8 


193.4 


218.3 


218.4 


185.4 


195.2 


231.6 


228.9 


190.8 


202.1 


233.7 


233.2 


194.7 


206.5 


237.4 


236.7 


198.1 


210.3 


233.9 


234.6 


197.5 


209.8 


241.7 


240.2 


199.4 


213.0 


246.6 


243.6 


204.0 


217.5 


255.5 


250.8 


209.1 


223.4 


266.6 


259.2 


211.8 


227.8 


268.2 


259.6 


212.3 


228.3 


266.4 


257.4 


212.4 


227.7 


262.6 


254.6 


212.6 


226.8 



Total 



124.8 
86.2 
109.5 
176.4 
193.2 
220.9 
231.7 
264.7 

246.8 
247.1 
251.4 
257.0 
258.7 
262.0 
265.9 
274.0 
281.5 
291.0 
294.4 

302.1 
307.8 
315.8 
321.0 
321.9 



(1) Adjusted to 1935-39 = 100 from base 1926 = 100. 

(2) Adjusted to 1935-39 = 100 from base 1913 = 100 in the years 1926 to 1929 inclusive and from base 1930 = 100 thereafter. 

* An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. Participation 
payments are included and the series revised whenever such payments are announced. t Revised from Aug. 1945 to July 1950 to include final five-year 

contract payment for wheat. 



Index 1935-39 = 100 



XI— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 

Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


1949 


203.0 


131.1 


183.1 


123.0 


167.6 


128.8 


160.8 


1950 


210.9 


138.3 


182.3 


132.9 


169.2 


132.0 


166.5 


First of Month 
















1950— Jan. 


199.4 


135.6 


183.3 


125.0 


167.0 


131.6 


161.0 


Feb. 


201.3 


135.9 


183.0 


125.0 


166.4 


132.1 


161.6 


Mar. 


204.0 


136.3 


181.4 


132.7 


166.3 


132.1 


163.7 


Apr. 


204.5 


138.0 


181.2 


132.7 


166.4 


132.3 


164.0 


May 


204.6 


137.5 


180.8 


132.7 


166.4 


132.3 


164.0 


June 


209.0 


137.1 


180.7 


132.7 


166.9 


132.4 


165.4 


July 


214.3 


137.7 


180.7 


134.9 


166.9 


132.5 


167.5 


Aug. 


216.7 


138.4 


180.9 


134.9 


168.9 


132.5 


168.5 


Sept. 


218.8 


140.8 


182.3 


135.5 


171.1 


132.8 


169.8 


Oct. 


220.1 


141.0 


183.5 


135.5 


172.7 


133.3 


170.7 


Nov. 


218.6 


140.6 


184.5 


136.4 


174.8 


133.4 


170.7 


Dec. 


218.8 


140.7 


184.9 


136.4 


176.4 


134.1 


171.1 


1951- Jan. 


220.2 


141.5 


187.1 


136.4 


179.8 


135.8 


172.5 


Feb. 


224.4 


141.7 


192.4 


136.4 


185.1 


137.0 


175.2 


Mar. 


233.9 


146.5 


196.3 


137.6 


188.6 


137.8 


179.7 


Apr. 


238.4 


146.7 


198.8 


137.6 


190.7 


138.8 


181.8 


May 


235.4 


146.2 


201.5 


137.6 


194.9 


140.7 


182.0 


June 


239.8 


146.2 


202.5 


139.8 


197.1 


141.0 


184.1 



Components were selected and weighted on the basis of 1938 family incomes ranging from $450-$2,500, with incomes between $1,000-$1,600 most common. 



101 



Thousands of Short Tons 



JUNE 1951 



XII— NEWSPRINT : NORTH AMERICA 

Newsprint Association of Canada 





SUPPLY 


ESTIMATED CONSUMPTION 


STOCKS 




Production 


Imports 

from 
Europe 








(i) 




Net 










Exports 


Total 


U.S. 


Canadian 




Increase 




Canada 


U.S.A. 


Total 


Overseas 


Supply 


Publishers 


Publishers 


Total 


or 
Decrease 


Calendar Years 






















1935 


3,083 


912 


3,995 


197 


734 


3,459 


3,345 


200 


3,545 


86 


1937 


3,998 


946 


4,944 


294 


771 


4,466 


3,825 


220 


4,045 


421 


1947 


4,820 


826 


5,646 


129 


709 


5,065 


4,753 


275 


5,028 


37 


1948 


4,983 


867 


5,850 


267 


542 


5,576 


5,141 


306 


5,447 


129 


1949 


5,176 


900 


6,076 


255 


463 


5,868 


5,529 


335 


5,865 


3 


1950 


5,279 


1,015 


6,293 


170 


223 


6,241 


5,937 


355 


6,292 


51 


12-mths. ending 






















May— 1951 


5,412 


1,075 


6,487 


176 


278 


6,386 


5,949 


359 


6,308 


77 


Monthly 

1950— Jan. 


417.0 


74.3 


491.3 


15.8 


15.4 


491.8 


451.1 


28.7 


479.8 


12.0 


Feb. 


399.2 


69.1 


468.3 


12.0 


6.7 


473.6 


435.5 


27.5 


463.0 


10.6 


Mar. 


451.6 


80.6 


532.2 


13.8 


11.0 


535.1 


518.9 


29.9 


548.7 


13.6 


Apr. 


422.8 


82.6 


505.3 


14.5 


5.9 


514.0 


527.8 


28.7 


556.6 


42.6 


May 


459.9 


89.7 


549.7 


14.6 


18.5 


545.8 


525.4 


29.7 


555.1 


9.2 


June 


441.0 


88.4 


529.4 


13.0 


22.9 


519.4 


492.1 


29.0 


521.2 


1.7 


July 


439.3 


86.1 


525.5 


13.4 


21.9 


516.9 


440.2 


29.1 


469.4 


47.6 


Aug. 


466.4 


92.9 


559.3 


15.0 


19.7 


554.6 


453.3 


25.8 


479.1 


75.5 


Sept. 


437.6 


86.4 


524.0 


16.3 


32.4 


507.8 


488.6 


30.3 


518.9 


11.1 


Oct. 


456.4 


91.3 


547.7 


10.9 


23.8 


534.8 


550.0 


32.2 


582.3 


47.5 


Nov. 


456.7 


88.0 


544.7 


15.1 


25.0 


534.8 


533.3 


31.4 


564.7 


29.8 


Dec. 


430.6 


85.4 


515.9 


15.8 


19.9 


511.9 


520.7 


32.3 


553.0 


41.1 


1951— Jan. 


453.0 


92.7 


545.7 


19.5 


19.3 


546.0 


451.7 


28.4 


480.1 


65.8 


Feb. 


425.1 


84.4 


509.5 


13.9 


12.6 


510.8 


440.0 


28.1 


468.1 


42.7 


Mar. 


473.0 


94.0 


567.0 


16.3 


33.0 


550.2 


515.5 


32.0 


547.6 


2.7 


Apr. 


447.6 


88.9 


536.4 


14.1 


15.3 


535.3 


536.9 


27.7 


564.6 


29.3 


May 


485.7 


96.4 


582.1 


13.2 


32.2 


563.1 


527.1 


32.4 


559.5 


3.6 



(1) Includes Newfoundland. 



NEWSPRINT: PRODUCTION, CONSUMPTION AND STOCKS 

CANADIAN PRODUCTION'" DISTRIBUTION OF CANADIAN SHIPMENTS'" 

000 SHORT TONS RUNNING 12- MONTH TOTALS PERCENT 

nioo 





ALL OTHER 



DJFMAMJJASOND 

NORTH AMERICA • SUPPLY' 2 ' AND CONSUMPTION 

000 SHORT TONS 

6400 



80 
60 
40 
20 


1949 1950 1951 

NORTH AMERICA INCREASE OR DECREASE IN STOCKS 

OOO SHORT TONS 



Li.X.Xi (If!; i i i.'i.L 






200 

100 

+ 



100 



1950 



1951 



1949 

(1) Includes Newfoundland. 

(2) Canadian and U. S. production plus imports less exports. 



1949 



1950 



1951 



JUNE 1951 



Millions of Kilowatt Hours 



102 



XIII— CENTRAL ELECTRIC STATIONS 

Dominion Bureau of Statistics & Bank of Canada 



(1) 





Production 


Exports 




Consumption 










Losses 
(Estimated) 






Daily Averages 


Generated 
by 


Generated 
by 


Total 


to 
U.S.A. 


Secondary 
Power 


Firm 
Power 




Water 


Fuel 








(Estimated) 


Calendar Years 
















1926 


32.2 


.5 


32.7 


4.1 


4.3 


2.9 


21.3 


1932 


42.5 


.8 


43.4 


1.8 


6.2 


7.9 


27.4 


1937 


74.2 


1.4 


75.6 


5.1 


10.6 


21.4 


38.6 


1948 


118.3 


3.5 


121.8 


4.8 


11.7 


6.1 


99.2 


1949 


123.5 


4.3 


127.9 


4.8 


12.3 


7.7 


103.0 


1950 


134.5 


5.0 


139.5 


5.3 


13.4 


7.9 


112.8 


Monthly 
















1950— Jan. 


126.2 


5.4 


131.6 


4.1 


12.8 


5.5 


109.3 


Feb. 


129.6 


5.4 


135.0 


5.4 


13.0 


6.9 


109.7 


Mar. 


129.7 


5.3 


135.0 


5.7 


12.9 


6.7 


109.7 


Apr. 


131.0 


4.7 


135.7 


6.4 


12.9 


7.4 


108.9 


May 


138.1 


4.6 


142.7 


6.4 


13.6 


13.6 


109.1 


June 


139.3 


4.5 


143.8 


5.6 


13.8 


14.6 


109.7 


July 


131.4 


4.1 


135.5 


5.1 


13.0 


10.6 


106.8 


Aug. 


130.9 


4.5 


135.4 


4.8 


13.1 


6.5 


111.1 


Sept. 


132.2 


5.2 


137.4 


4.8 


13.3 


4.2 


115.1 


Oct. 


136.4 


5.4 


141.8 


4.5 


13.7 


4.9 


118.6 


Nov. 


143.1 


5.5 


148.6 


4.8 


14.4 


5.7 


123.7 


Dec. 


145.6 


5.2 


150.8 


5.7 


14.5 


8.2 


122.3 


1951— Jan. 


149.0 


5.3 


154.3 


5.6 


14.9 


7.9 


126.0 


Feb. 


151.1 


5.2 


156.3 


5.9 


15.0 


8.2 


127.2 


Mar. 


153.2 


5.2 


158.4 


6.5 


15.2 


9.5 


127.3 


Apr. 


158.2 


5.0 


163.2 


6.9 


15.6 


15.3 


125.3 



(1) Including Newfoundland in 1950 and 1951. 

CENTRAL ELECTRIC STATIONS' : INSTALLED CAPACITY AND OUTPUT 

BILLIONS OF KILOWATT HOURS MILLIONS OF HORSE POWER PERCENT 



50 



40 



30 



20 



10 



CALENDAR YEAR TOTALS 
CONSUMPTION OF PRIMARY POWER 

MM.RWH. DAILY AVERAGE MMKWK 




1926 



1932 



1938 



1944 



1950 




1926 



1944 



1950 



(1) Includes Newfoundland in 1950-51. 

Installed capacity of 1 horsepower has a potential output of 746 watts per hour, 
t The installed capacity for 1949 and 1950 is the total for 1948. plus new installations in 1949 and 1950. 



103 



Millions of Dollars 



JUNE 1951 



XIV— CONSTRUCTION CONTRACTS AWARDED 01 

Compiled from " MacLean Building Reports" 







Priv 


ate Contracts 




Public 
Contracts 
Awarded 

(2) 


Total 
Con- 
tracts 


Distribution 


by Areas 






Resi- 
dential 


Industrial 


Business 


General 
Engin- 


Total 
Private 


in 
Maritime 


Quebec 


Ontario 


Western 










eering 
















Annual Totals 
























1929 


128.9 


63.0 


139.6 


99.4 


431.0 


145.7 


576.7 


20.2 


187.8 


215.8 


152.9 


1932 


28.9 


7.8 


20.5 


15.6 


72.9 


60.0 


132.9 


9.3 


52.5 


49.3 


21.7 


1937 


56.2 


33.8 


33.4 


28.0 


151.5 


72.6 


224.1 


21.6 


71.9 


97.8 


32.8 


1947 


197.2 


113.5 


137.4 


49.2 


497.3 


220.8 


718.1 


59.9 


255.2 


258.7 


144.4 


1948 


373.1 


74.9 


166.9 


99.2 


714.1 


240.1 


954.1 


68.0 


327.1 


350.6 


208.3 


1949 


464.3 


103.8 


154.2 


142.0 


864.3 


275.8 


1,140.1 


58.0 


355.4 


421.1 


305.6 


1950 


541.7 


141.0 


219.3 


224.1 


1,126.1 


399.7 


1,525.8 


83.0 


534.0 


597.2 


311.7 


12-mths. ending 
























May 1951 


544.9 


266.1 


221.9 


333.1 


1,366.0 


534.3 


1,900.3 


93.1 


625.0 


779.4 


402.8 


Monthly 
























1950— Jan. 


24.0 


3.2 


12.0 


.9 


40.1 


16.6 


56.7 


1.9 


24.8 


21.5 


8.4 


Feb. 


20.3 


11.8 


15.6 


.9 


48.6 


16.3 


64.8 


4.6 


12.7 


15.8 


31.8 


Mar. 


30.2 


13.3 


12.4 


1.3 


57.2 


18.0 


75.1 


2.6 


24.0 


24.2 


24.3 


Apr. 


43.0 


17.9 


14.4 


1.3 


76.6 


36.3 


112.9 


7.4 


26.8 


48.5 


30.2 


May 


54.2 


9.7 


16.5 


3.9 


84.3 


27.7 


112.0 


6.0 


24.4 


51.0 


30.6 


June 


63.7 


14.7 


26.5 


7.5 


112.4 


52.2 


164.7 


4.8 


34.6 


89.5 


35.7 


July 


74.2 


7.0 


23.9 


6.2 


111.3 


39.7 


151.0 


7.4 


53.5 


66.4 


23.7 


Aug. 


48.5 


14.0 


21.0 


26.0 


109.5 


35.0 


144.5 


12.8 


35.7 


68.7 


27.3 


Sept. 


56.3 


11.3 


22.0 


6.1 


95.7 


33.5 


129.1 


7.2 


37.3 


46.4 


38.2 


Oct. 


54.8 


9.4 


21.6 


122.9 


208.7 


42.5 


251.3 


10.1 


140.4 


70.6 


30.1 


Nov. 


44.0 


10.5 


21.5 


34.0 


110.0 


51.2 


161.3 


12.8 


80.9 


45.0 


22.6 


Dec. 


28.5 


18.3 


12.0 


12.9 


71.7 


30.7 


102.5 


5.4 


38.9 


49.5 


8.7 


1951— Jan. 


16.0 


66.8 


12.8 


24.8 


120.4 


38.7 


159.1 


6.5 


16.3 


64.7 


71.6 


Feb. 


25.0 


12.8 


15.4 


28.7 


81.9 


39.8 


121.7 


5.4 


55.8 


40.9 


19.5 


Mar. 


32.0 


64.8 


13.9 


8.1 


118.8 


57.7 


176.5 


8.7 


31.9 


109.0 


26.9 


Apr. 


49.8 


15.0 


14.0 


16.3 


95.1 


51.6 


146.7 


7.3 


32.2 


68.4 


38.8 


May 


52.0 


21.5 


17.3 


39.5 


130.3 


61.7 


192.0 


4.7 


67.6 


60.2 


59.5 



(1) Includes Newfoundland commencing January 1950. (2) Includes most of the contracts for defence construction. 



MILLIONS Or DOLLARS 



TOTAL 



CONSTRUCTION CONTRACTS AWARDED 

RUNNING T2- MONTH TOTALS 

RESIDENTIAL 



INDUSTRIAL 

MILLIONS OF DOLLARS 



1500 



1000 



300 



200 




/, OTHER //jfr?, 

35 40 

BUSINESS" 



MAMJJASO 

ENGINEERING 



M A M J J A 

PUBLIC 12 ' 



300 



200 



100 













|-I95I 

T 


1950- 


^1 








^^ 


4 


1949-/ 


1 i 

1 1 


, , 


M 


,, 



400 




D. JFMAMJJASOND 

(1) Public garages, hotels and clubs, office buildings, stores, theatres, warehouses and churches. 

(2) Hospitals, schools, public buildings, bridges, sewers and waterworks, roads and streets. Most of the contracts for defence construction are 
included in this category. 



JUNE 1951 



Millions 



104 



XV— DAIRYING STATISTICS 

Dominion Bureau of Statistics 







MILK PRODUCTION 


AND FARM VALUE 




MANUFACTURED DAIRY PRODUCTS 




Total 


Fl 

Sa 


uid 


CONSTJ 


MEDd) 
ARMS 


Used in 
Manufacture 


BUTTERtf) 


Cheese(3) 


Other(4) 


Total 












lbs. 


dollars 


lbs. 


dollars 


lbs. 


dollars 


lbs. 


dollars 


lbs. 


dollars 


lbs. 


dollars 


lbs. 


dollars 


dollars 


Calendar 
Years 
































1928 


12,708 


167.6 


1,814 


35.6 


2,675 


31.3 


8,219 


100.8 


267 


98.0 


145 


30.6 


150 


23.3 


151.9 


1929 


12,410 


164.6 


1,761 


35.3 


2,690 


31.4 


7,959 


98.0 


268 


98.4 


120 


21.6 


162 


25.6 


145.6 


1930 


13,071 


149.2 


2,524 


40.5 


2,219 


19.9 


8,329 


88.8 


283 


84.1 


120 


18.2 


164 


24.7 


127.0 


1931 


14,340 


139.8 


2,759 


39.6 


2,410 


18.7 


9,171 


81.5 


325 


70.3 


115 


12.9 


129 


19.4 


102.6 


1932 


13,997 


113.3 


2,699 


34.4 


2,371 


15.1 


8,927 


63.8 


313 


54.5 


121 


11.5 


116 


15.1 


81.1 


1933 


14,084 


115.7 


2,688 


34.9 


2,444 


15.5 


8,952 


65.3 


318 


59.0 


112 


11.2 


117 


13.7 


83.9 


1934 


14,452 


122.5 


2,786 


37.8 


2,468 


16.1 


9,198 


68.6 


334 


63.9 


100 


9.9 


127 


15.1 


88.9 


1935 


14,572 


126.9 


2,773 


37.4 


2,450 


16.7 


9,348 


72.8 


338 


68.8 


102 


10.7 


142 


16.7 


96.2 


1936 


15,122 


138.2 


2,829 


40.3 


2,510 


17.9 


9,784 


80.0 


346 


75.3 


120 


15.7 


156 


19.1 


110.1 


1937 


15,125 


146.3 


2,774 


40.5 


2,478 


18.9 


9,873 


87.0 


341 


83.9 


132 


18.1 


189 


24.1 


126.1 


1938 


15,820 


154.8 


3,013 


44.9 


2,566 


19.9 


10,240 


90.0 


358 


84.7 


125 


16.9 


208 


26.0 


127.6 


1939 


15,781 


144.9 


3,012 


45.1 


2,565 


19.5 


10,204 


80.3 


355 


77.9 


126 


15.4 


217 


25.8 


119.1 


1940 


15,999 


150.3 


3,018 


49.3 


2,613 


23.0 


10,369 


78.0 


349 


82.2 


146 


20.0 


255 


31.2 


133.4 


1941 


16,550 


198.4 


3,119 


57.6 


2,377 


25.2 


11,054 


115.6 


369 


117.6 


153 


24.9 


315 


41.0 


183.5 


1942 


17,489 


268.1 


3,388 


72.7 


2,475 


35.3 


11,626 


160.1 


363 


122.4 


208 


45.1 


345 


47.9 


215.4 


1943 


17,519 


296.8 


3,707 


84.7 


2,498 


39.5 


11,314 


172.7 


367 


124.8 


167 


39.1 


355 


49.2 


213.1 


1944 


17,624 


325.7 


3,912 


98.1 


2,509 


42.4 


11,203 


185.2 


353 


121.2 


183 


42.3 


376 


54.7 


218.2 


1945 


17,629 


345.6 


4,008 


103.0 


2,512 


60.5 


11,108 


182.2 


350 


121.1 


194 


43.4 


389 


51.5 


216.0 


1946 


16,956 


368.4 


4,254 


118.6 


2,551 


65.0 


10,151 


184.7 


328 


127.5 


154 


37.3 


388 


53.5 


218.3 


1947 


17,241 


420.9 


4,163 


131.4 


2,540 


74.5 


10,538 


215.0 


349 


182.0 


130 


35.9 


467 


73.0 


290.9 


1948 


16,730 


506.1 


4,025 


146.4 


2,342 


86.0 


10,363 


273.7 


350 


234.2 


99 


33.3 


538 


91.7 


359.2 


1949 


16,843 


458.0 


4,084 


147.8 


2,501 


79.1 


10,259 


231.2 


335 


196.9 


127 


40.8 


508 


81.8 


319.5 


1950 


16,437 


430.5 


4,157 


149.7 


2,749 


80.2 


9,531 


200.7 


311 


167.2 


109 


32.7 


513 


82.3 


282.2 



(1) Whole milk consumed on farms and fed to animals. Includes value of skim milk, buttermilk and whey retained on farms in the years 1945 to 1950 in- 
clusive. (2) Includes whey butter commencing in 1945. (3) Includes cottage cheese commencing in 1945. (4) Mostly concentrated milk 
products and ice cream. 

PRODUCTION AND CONSUMPTION OF MILK AND DAIRY PRODUCTS 

ANNUAL TOTALS 

MILK COWS ON FARMS AND MILK PRODUCTION UTILIZATION OF MILK PRODUCTION 



THOUSANOS OF COWS 



BILLIONS OF LBS. 




BILLIONS OF LBS 



BILLIONS OF LBS. 




USED IN MANUFACTURING 




FLUID MILK SALES 



L 



CONSUMED ON FARMS" 



MILLIONS OF LBS. 



46 47 48 49 

MANUFACTURED DAIRY PRODUCTS 

MILLIONS OF LBS. 




01 1 1 1 1 10 

1945 46 47 4S 49 50 

PER CAPITA CONSUMPTION OF DAIRY PRODUCTS' 2 ' 

index i««-ioo AND MARGARINE inocx ims.ioo 




(1) Whole milk consumed on farms and fed to animals. (2) Includes imported dairy products. 



105 



JUNE 1951 



XVI— MERCHANDISE EXPORTS : COMMODITY CLASSIFICATION BY VOLUME (1) 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 



Wheat < 2 > 



mm. bus. 



Wheat 
Flour 



mm. bbls. 



Oats, 

Barley, 

Rye 



mm. bus. 



Live 
Cattle 



.000 



Beef 



.000 cwt. 



Bacon 

and 

Hams 



mm. lbs. 



Cheese 



mm. lbs. 



Milk 
(powdered 
condensed 
evapo- 
rated) 



mm. lbs. 



Fish 
(fresh 

and 
frozen) 



mm. lbs. 



Fish 

(canned 

and salted 

etc.) 



mm. lbs. 



Planks 

and 
Boards 



mm. ft. 



Pulpwood 



000 cords 



211 
228 
106 

183 
150 
145 
211 
162 

169 

11.0 
7.9 
11.2 
9.0 
22.3 
18.7 
13.4 
12.4 
14.1 
13.9 
17.8 
10.2 

11.8 
10.2 
11.1 
12.7 



10 
5 
4 

15 
18 
12 

10 
10 

12 

.9 
.7 
.8 
.7 

1.2 
.9 
.7 
.9 
.5 
.8 

1.1 
.9 

1.3 
1.0 
1.2 
1.3 



27 

34 
17 

40 
23 
54 
52 
41 

45 

2.4 
1.8 
1.7 
.8 
4.1 
3.0 
2.7 
1.6 
2.7 
3.5 
5.0 
11.3 

4.0 
2.6 
2.3 
1.6 



254 

33 

322 

105 

83 

371 

421 
459 

420 

32.6 
35.0 
34.9 
30.7 
38.0 
47.0 
31.1 
33.0 
36.0 
41.5 
58.7 
40.3 

22.5 
20.8 
27.3 
24.1 



301 

11 

161 

1,306 

426 

1,228 

1,002 

840 



76.9 
52.0 
41.7 
38.5 
72.0 
64.6 
101.0 
105.4 
70.6 
65.8 
81.7 
69.9 

43.3 
26.5 
26.5 
60.8 



29 

36 

196 

289 

236 

205 

67 

79 

39 

40.5 
4.3 
2.1 
2.1 
7.0 
1.7 
1.1 
2.2 
1.0 
5.5 
6.5 
4.6 

2.4 
.5 
.4 

6.0 



93 

87 
89 

106 
56 
40 
53 
63 

65 

.4 

.3 

.3 

.2 

.4 

9.8 

14.4 

13.4 

10.7 

7.9 

4.3 

1.0 

.5 
.7 
.3 



32 
25 
33 

77 
80 
90 
72 
56 

45 

4.3 
5.0 
3.6 
2.6 
5.7 
4.6 
4.8 
6.6 
6.4 
7.1 
3.9 
1.1 

1.0 
1.1 
1.3 
1.8 



122 
84 

140 

256 
203 
212 
205 
267 

278 

14.5 
12.5 
16.0 
11.6 
11.2 
15.9 
27.6 
41.3 
39.2 
36.1 
27.2 
13.8 

24.1 
14.9 
14.0 
12.7 



295 
174 
184 

259 

271 
221 
251 
284 

298 

22.6 
24.7 
22.9 
15.9 
17.6 
20.1 
22.2 
20.0 
26.9 
27.1 
36.8 
27.2 

31.1 
23.8 
23.4 
22.1 



1,755 

674 

1,858 

2,069 
2,726 
2,460 
2,181 
3,575 

3,850 

142.5 
198.7 
263.9 
226.4 
276.9 
359.8 
385.9 
363.2 
407.3 
417.4 
304.2 
229.2 

264.1 
241.2 
296.9 
303.7 



1,295 

529 

1,543 

1,759 
1,883 
2,188 
1,503 
1,612 

1,878 

146.1 
132.0 
137.2 
54.4 
41.1 
127.6 
122.9 
174.7 
166.2 
198.2 
169.3 
141.9 

180.3 
182.9 
219.3 
154.1 





Wood 
Pulp 


News- 


Autos 


Aluminum 


Copper 


Lead 


Zinc 


Nickel 


Silver 


Asbestos 




Non- 




and 


(unmanu- 


(unmanu- 


(unmanu- 


(unmanu- 


(unmanu- 


(unmanu- 


(unmanu- 


Fertilizer 


Monetary 




print 


Trucks 


factured) 


factured) 


factured) 


factured) 


factured) 


factured) 


factured) 




Gold 




.000 tons 


.000 tons 


.000 


.000 tons 


.000 tons 


.000 tons 


.000 tons 


.000 tons 


.000 fine oz 


.000 tons 


.000 tons 


.OOOfineoz 


Calendar Years 


























1929 


831 


2,515 


102 


38 


123 


122 


84 


55 


21,938 


292 


222 


1,872 


1932 


452 


1,777 


13 


10 


133 


109 


88 


16 


16,992 


112 


124 


3,013 


1937 


871 


3,455 


66 


50 


219 


185 


170 


111 


20,389 


391 


273 


4,128 


1946 


1,419 


3,858 


68 


196 


136 


110 


207 


112 


4,180 


520 


780 


2,600 


1947 


1,699 


4,221 


84 


228 


142 


132 


183 


117 


10,237 


637 


791 


2,851 


1948 


1,798 


4,328 


48 


333 


178 


109 


206 


132 


8,729 


690 


692 


3,423 


1949 


1,549 


4,705 


30 


397 


199 


135 


281 


127 


10,267 


535 


706 


3,866 


1950 


1,846 


4,938 


34 


353 


188 


136 


282 


122 


11,849 


830 


742 


4,283 


]2-mths ending 


























Apr.-1951 


2,005 


5,028 


36 


384 


179 


153 


292 


123 


15,052 


914 


670 


4,378 


Monthly 


























1950-Jan. 


128.2 


394.8 


2.4 


13.8 


17.8 


5.3 


12.9 


11.6 


758.2 


54.8 


73.7 


413.3 


Feb. 


126.9 


358.7 


2.5 


20.8 


16.0 


7.5 


18.8 


9.7 


225.0 


59.5 


51.0 


305.0 


Mar. 


153.4 


388.5 


1.5 


27.8 


14.2 


5.8 


19.9 


11.7 


1,115.5 


65.7 


86.2 


351.9 


Apr. 


119.5 


395.5 


1.9 


29.6 


13.0 


5.1 


17.1 


9.0 


518.5 


55.7 


61.3 


296.6 


May 


153.3 


451.0 


3.4 


59.6 


21.3 


11.1 


22.0 


11.5 


683.3 


73.9 


71.3 


410.8 


June 


167.9 


418.0 


4.1 


33.0 


20.4 


14.7 


34.3 


12.1 


1,589.2 


70.1 


60.4 


390.1 


July 


135.8 


397.8 


3.2 


25.7 


15.2 


6.3 


29.7 


8.6 


1,372.2 


50.3 


50.7 


384.2 


Aug. 


156.2 


394.1 


2.1 


30.4 


12.8 


14.4 


25.6 


8.2 


1,006.2 


71.0 


48.2 


358.4 


Sept. 


170.4 


406.4 


3.0 


10.4 


16.8 


12.8 


28.7 


10.3 


970.6 


80.9 


58.3 


281.8 


Oct. 


180.8 


502.0 


3.2 


48.8 


15.2 


20.7 


21.0 


10.7 


529.6 


88.2 


53.6 


445.3 


Nov. 


181.5 


409.8 


4.2 


10.0 


11.7 


14.7 


31.0 


9.4 


1,880.8 


80.4 


61.7 


340.6 


Dec. 


172.2 


421.5 


3.0 


42.8 


13.7 


17.9 


20.5 


8.9 


1,200.1 


73.5 


65.2 


304.9 


1951-Jan. 


175.6 


408.1 


.6 


30.7 


13.0 


11.9 


28.8 


12.2 


1,397.8 


77.5 


58.1 


472.0 


Feb. 


149.6 


357.8 


.9 


22.4 


10.3 


7.1 


11.1 


7.9 


1,316.3 


53.5 


55.4 


321.1 


Mar. 


185.4 


436.6 


3.0 


32.4 


10.8 


11.7 


19.8 


11.2 


2,142.5 


99.8 


37.8 


229.4 


Apr. 


176.1 


424.1 


5.8 


38.4 


18.1 


9.5 


19.2 


11.6 


963.9 


89.0 


48.7 


439.8 



(1) Includes foreign trade of Newfoundland as from April 1, 1949. Where quantity is shown in tons, a short ton of 2000 lbs. has been used. 

(2) After July 1936, export clearance figures are based on Board of Grain Commissioners rather than Customs data. 



JUNE 1951 






















106 




XVII— MERCHANDISE IMPORTS : COMMODITY CLASSIFICATION BY VOLUME 


(i) 








Compiled from " 


Trade of Canada", Dominion Bureau of Statistics 


























Cotton 


Cotton 


Wool 


Wool 

(yarns, 

fabrics 

and 

worsteds) 




Bananas 


Oranges 


Fresh 

Vegetables 


Sugar 


Coffee 


Tea 


Cocoa 


Distilled 
Beverages 


(raw and 
unmanu- 


(thread, 
yarns and 


(raw and 
unmanu- 




















factured) 


fabrics) 


factured) 


.000 Stem 


.OOOcu.ft 


mm. lbs. 


.000 cwt. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


.000 gals. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


lalendar Years 


























1929 


3,944 


* 


* 


9,510 


28 


39 


25 


2,526 


151 


* 


19 


* 


1932 


3,098 


4,341 


131 


8,684 


31 


40 


20 


929 


107 


18 


18 


9 


1937 


3,528 


5,023 


213 


9,297 


38 


40 


27 


1,309 


171 


28 


37 


14 


1946 


5,322 


11,499 


698 


8,773 


85 


30 


61 


2,153 


193 


55 


65 


13 


1947 


3,649 


10,654 


388 


10,143 


51 


47 


34 


2,527 


205 


84 


52 


16 


1948 


3,332 


9,589 


187 


12,439 


88 


36 


41 


2,378 


184 


49 


61 


17 


1949 


2,997 


8,336 


366 


12,446 


98 


43 


46 


2,632 


221 


52 


45 


15 


1950 


2,843 


8,467 


562 


12,782 


83 


55 


46 


2,257 


246 


42 


51 


13 


'•mths ending 


























,lar.-1951 


2,871 


8,919 


536 


12,693 


90 


54 


41 


2,562 


256 


49 


46 


13 


Monthly 


























950-Jan. 


144.0 


567.0 


38.9 


288.0 


7.4 


5.2 


4.2 


193.6 


24.1 


3.9 


3.7 


1.2 


Feb. 


123.9 


702.6 


48.9 


241.5 


5.7 


4.8 


1.7 


149.8 


17.2 


3.4 


3.5 


1.0 


Mar. 


196.3 


832.6 


68.0 


714.7 


4.9 


3.0 


6.6 


140.1 


16.4 


3.4 


5.4 


1.3 


Apr. 


223.5 


642.1 


73.4 


479.5 


6.8 


6.5 


2.7 


127.1 


17.7 


3.7 


3.0 


1.0 


May 


318.8 


828.6 


100.7 


1,689.6 


7.5 


4.7 


7.1 


148.2 


21.0 


3.6 


4.9 


1.1 


June 


349.7 


775.4 


102.8 


1,496.1 


5.4 


4.9 


2.0 


160.1 


16.0 


3.5 


5.2 


1.1 


July 


333.0 


597.8 


50.3 


1,235.6 


7.0 


5.1 


3.2 


148.2 


15.3 


3.5 


5.0 


1.0 


Aug. 


325.5 


626.7 


5.2 


1,299.0 


7.5 


3.9 


6.9 


182.2 


17.9 


3.5 


5.0 


1.2 


Sept. 


247.6 


535.8 


6.9 


1,018.8 


9.2 


3.7 


4.4 


213.7 


23.8 


3.1 


3.7 


1.0 


Oct. 


216.1 


497.0 


18.0 


2,131.0 


8.6 


5.7 


1.7 


203.2 


26.9 


3.9 


4.3 


1.1 


Nov. 


199.5 


625.7 


22.7 


1,419.8 


8.0 


3.6 


3.2 


301.6 


22.6 


3.7 


3.4 


1.2 


Dec. 


165.3 


1,236.1 


26.7 


768.3 


4.7 


4.1 


2.4 


289.5 


27.3 


3.3 


4.0 


1.0 


951-Jan. 


162.6 


803.7 


37.7 


453.1 


7.2 


5.2 


2.2 


280.7 


24.3 


6.4 


2.0 


1.4 


Feb. 


153.3 


812.9 


35.0 


250.7 


8.8 


2.1 


2.5 


193.5 


15.8 


5.3 


2.7 


1.2 


Mar. 


176.5 


936.8 


56.9 


451.7 


8.9 


4.8 


2.6 


313.6 


27.3 


5.8 


3.0 


1.1 




Crude 
Rubber 


Iron 
Ore 


Pigs, 

Ingots, 

Blooms 

& Billets 


Bars, 

Rods 

and Rails 


Sheets 

and 
Plates 


Structural 
Iron 


Autos 

and 

Trucks 


Bauxite 
Ore 


Tin 


Coal 


Crude 
Petroleum 


Gasoline, 
Kerosene 

and 
Fuel Oils 


mm. lbs. 


.000 tons 


.000 tons 


.000 tons 


.000 tons 


.000 tons 


.000 


.000 tons 


.000 cwts. 


mm. tons 


mm. gals. 


mm. gals. 


ilendar Years 


























1929 


80 


2,448 


86 


257 


653 


381 


45 


145 


57 


18 


1,067 


275 


1932 


47 


68 


11 


28 


255 


31 


1 


52 


31 


12 


910 


193 


1937 


81 


2,125 


20 


60 


491 


76 


20 


304 


59 


15 


1,362 


126 


1946 


30 


2,282 


20 


91 


487 


129 


22 


1,286 


84 


26 


2,219 


337 


1947 


77 


3,945 


21 


120 


483 


235 


43 


1,400 


89 


29 


2,418 


764 


1948 


96 


4,300 


62 


110 


460 


218 


21 


2,015 


81 


31 


2,717 


748 


1949 


90 


2,517 


84 


118 


601 


221 


39 


1,794 


82 


22 


2,649 


584 


1950 


104 


3,071 


60 


98 


551 


189 


89 


1,862 


108 


27 


2,805 


832 


'mths ending 


























lar.-1951 


113 


3,065 


95 


116 


615 


208 


85 


1,918 


119 


28 


2,929 


888 


Monthly 


























950-Jan. 


10.2 


9.9 


.2 


3.7 


37.1 


13.0 


3.8 


17.7 


4.0 


1.8 


171.2 


18.9 


Feb. 


10.4 


.9 


.6 


3.8 


30.3 


14.1 


7.5 


3.7 


3.6 


1.5 


132.9 


35.9 


Mar. 


8.6 


.5 


.4 


5.0 


25.5 


13.9 


7.9 


4.8 


10.3 


1.5 


204.3 


41.5 


Apr. 


8.3 


.2 


.3 


5.3 


31.8 


12.8 


7.9 


13.4 


6.4 


1.7 


157.3 


27.4 


May 


8.1 


116.1 


3.9 


4.9 


52.1 


16.0 


6.8 


117.0 


6.8 


2.5 


279.9 


70.8 


June 


5.7 


375.6 


2.8 


9.9 


48.4 


15.6 


11.1 


163.7 


10.8 


2.7 


278.5 


79.6 


July 


5.4 


459.0 


10.5 


8.8 


48.6 


14.8 


7.8 


262.1 


5.9 


2.3 


262.4 


75.8 


Aug. 


9.3 


455.3 


5.2 


6.5 


44.6 


13.5 


7.3 


216.9 


12.7 


2.6 


235.9 


100.9 


Sept. 


11.0 


596.5 


11.6 


9.7 


52.3 


16.5 


6.6 


350.7 


12.6 


2.8 


281.5 


95.6 


Oct. 


9.6 


416.9 


4.0 


17.2 


63.2 


20.8 


8.0 


320.7 


11.2 


3.0 


284.4 


104.9 


Nov. 


6.8 


541.0 


15.3 


15.5 


72.0 


21.1 


9.1 


326.7 


16.6 


3.0 


274.2 


100.3 


Dec. 


10.2 


98.7 


5.5 


7.8 


45.0 


16.5 


4.9 


64.5 


6.9 


1.9 


242.1 


80.3 


951-Jan. 


16.4 


1.0 


9.1 


13.1 


54.0 


20.9 


4.9 


39.2 


8.3 


2.0 


248.5 


52.9 


Feb. 


9.2 


1.2 


7.8 


8.0 


45.8 


18.1 


4.9 


23.8 


8.0 


1.9 


180.4 


46.5 


Mar. 


13.2 


3.7 


19.0 


9.5 


57.3 


21.7 


5.8 


19.3 


13.1 


1.4 


204.4 


53.3 


) Includes 


imports froi 


n Newfound 


land until B/ 


[arch 31, 19' 


9 and impo 


■ts into New 


foundland fr 


om other co 


intries there 


ifter. Whe 


-e quantity 


is shown in 


tons, a s 

j 


lort ton of 2( 


)00 lbs. has t 


een used. 


* Not avail 


able. 

















107 



Millions of Dollars 



JUNE 1951 



XVIII— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTS '* 





TOTAL EXPORTS (EXCLUDING GOLD) TO 


Net 








U.K. 


Union 


Other 


Western 


Central 






Non- 
monetary 




U.S.A. 


U.K. 


Dependen- 


of 


Sterling 


Europe & 


and 


Other 


All 


Gold 








cies 


South 
Africa 


Area 
(3) 


Colonies 

(4) 


South 
America 


(5) 


Countries 


Exports 


Calendar Years 






















194G 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


96 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


99 


1948 


1,516 


719 


95 


83 


115 


307 


127 


164 


3,125 


119 


1949 


1,529 


710 


72 


76 


151 


254 


132 


99 


3,022 


139 


1950 


2,050 


472 


52 


44 


108 


201 


154 


75 


3,156 


162 


12 Mths. end'g 






















May 1951< 6) 


2,244 


490 


55 


45 


118 


224 


171 


98 


3,446 


161 


Monthly 






















1949-Dec. 


159.0 


43.1 


5.2 


6.3 


14.9 


20.3 


14.7 


10.2 


273.7 


12.5 


1950 -Jan. 


133.8 


48.8 


5.3 


3.7 


5.2 


11.8 


7.4 


7.9 


224.0 


15.8 


Feb. 


131.2 


29.1 


3.8 


3.2 


7.4 


10.4 


7.7 


8.8 


201.6 


11.7 


Mar. 


158.6 


32.8 


4.2 


2.5 


8.3 


11.9 


8.4 


7.6 


234.3 


13.5 


Apr. 


139.3 


25.1 


4.3 


4.1 


7.3 


8.2 


15.8 


4.9 


209.0 


11.4 


May 


178.6 


53.3 


4.6 


4.8 


16.5 


17.8 


14.0 


7.2 


296.8 


15.8 


June 


178.9 


52.9 


3.7 


5.5 


9.1 


17.6 


15.0 


6.8 


289.4 


15.0 


July 


170.1 


31.9 


4.9 


4.3 


9.7 


19.4 


11.2 


4.1 


255.5 


14.8 


Aug. 


170.9 


41.4 


3.8 


2.0 


6.1 


18.2 


14.6 


6.1 


263.2 


13.8 


Sept. 


195.5 


34.6 


5.3 


3.6 


8.2 


15.8 


17.0 


4.9 


285.0 


10.8 


Oct. 


207.2 


45.9 


4.3 


4.9 


7.0 


23.5 


15.4 


5.9 


314.0 


16.4 


Nov. 


196.0 


39.7 


4.7 


2.9 


11.9 


25.4 


13.9 


6.6 


301.0 


12.3 


Dec. 


190.5 


36.2 


3.2 


2.6 


11.4 


20.7 


13.1 


4.4 


282.0 


11.3 


1951-Jan. 


191.2 


40.0 


4.8 


3.9 


10.4 


16.2 


14.1 


10.8 


291.4 


17.3 


Feb. 


155.4 


33.0 


3.8 


1.2 


10.1 


14.6 


11.4 


7.8 


237.4 


11.7 


Mar. 


193.8 


38.9 


4.7 


3.6 


13.4 


14.5 


12.5 


9.9 


291.4 


8.4 


Apr. 


188.5 


43.8 


5.2 


6.5 


11.4 


17.8 


14.9 


15.2 


303.4 


16.2 


May«" 


206.2 


51.4 


6.3 


4.3 


9.2 


20.6 


18.0 


15.9 


331.9 


13.0 



Millions of Dollars 




MERCHANDISE IMPORTS <2> * 




























Excess of 








TOTAL 


IMPORTS (EX< 






Merch- 




















andise 








U.K. 


Union 


Other 


Western 


Central 


All 


Total 


Exports 
over 




U.S.A. 


U. K. 


Dependen- 


of 


Sterling 


Europe & 


and 


Other 


All 


Merch- 






(2) 


cies 


South 
Africa 


Area 

(3) 


Colonies 
(4) 


South 
America 


(5) 


Countries 


andise 
Imports 


Calendar Years 






















1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


514 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


225 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


489 


1949 


1,952 


306 


107 


4 


77 


83 


193 


39 


2,760 


263 


1950 


2,130 


403 


135 


5 


103 


114 


215 


68 


3,173 


17 


12 Mths. end'g 






















Apr. 1951<" 


2,466 


431 


159 


5 


115 


134 


242 


78 


3,630 


219 


Monthly 






















1949-Dec. 


151.0 


20.6 


5.2 


.2 


4.6 . 


6.7 


20.3 


4.6 


213.3 


60.5 


1950-Jan. 


154.5 


26.1 


4.4 


.2 


6.2 


5.0 


12.4 


3.2 


211.9 


12.1 


Feb. 


143.1 


25.3 


4.2 


.2 


6.9 


5.9 


10.6 


3.9 


200.1 


1.5 


Mar. 


160.9 


32.7 


7.4 


.8 


6.1 


6.7 


18.3 


4.5 


237.3 


3.1 


Apr. 


162.2 


29.5 


5.7 


.2 


7.2 


6.4 


14.9 


4.7 


230.9 


21.9 


May 


195.5 


36.3 


16.0 


.6 


7.6 


8.8 


18.8 


6.5 


290.2 


6.6 


June 


188.3 


37.1 


13.4 


.4 


9.7 


10.1 


15.2 


8.3 


282.4 


6.9 


July 


170.6 


32.7 


12.6 


.3 


9.1 


9.8 


18.2 


6.1 


259.5 


3.9 


Aug. 


172.6 


34.3 


14.1 


.2 


7.3 


10.9 


21.9 


6.0 


267.3 


4.0 


Sept. 


177.4 


36.2 


14.7 


.6 


8.4 


11.0 


25.4 


6.0 


279.7 


5.3 


Oct. 


208.3 


41.6 


14.8 


.5 


12.2 


13.8 


22.0 


7.3 


320.5 


6.5 


Nov. 


214.8 


39.5 


16.0 


.8 


13.8 


15.3 


20.6 


6.5 


327.3 


26.3 


Dec. 


182.3 


32.0 


11.7 


.2 


8.3 


10.4 


16.2 


5.1 


266.3 


15.7 


1951-Jan. 


233.3 


33.9 


12.5 


.2 


10.2 


9.5 


22.1 


5.4 


327.1 


35.7 


Feb. 


199.0 


27.8 


7.8 


.4 


6.7 


9.1 


17.0 


6.2 


274.2 


36.7 


Mar. 


245.7 


30.4 


12.2 


.5 


12.3 


11.4 


22.5 


7.4 


342.5 


51. 1 


Apr.< 6 > 


278.3 


48.9 


12.7 


.5 


9.2 


14.1 


22.2 


7.0 


393.0 


89.7 


May< 7 > 


277.0 


43.5 














407.4 


75.5 



* Commencing April 1, 194'), external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

(1) Includes exports of foreign produce. In the case of wheat, export figures 
are based on Board of Grain Commissioners rather than Customs data. 

(2) Imports from the United Kingdom do not include articles imported for 
the use of the armed forces of the United Kingdom. In the years 1946 and 



(3) 



(6) 



1947 articles admitted free under Order in Council (9213) and the item 

"Canadian Goods Returned" (9195) are excluded. 

Consists of Eire, India, Pakistan, Burma, Australia, New Zealand. Iceland, 

Ceylon and Iraq. Egypt is included in All Other. 

Excludes Spain, but includes Greece. Turkey, and British Sudan. 

Includes Egypt, Spain, Palestine, and also Newfoundland until March 31, 

1949. 

Preliminary. (7) Estimates. 



JNE 1951 



108 



XIX— U.S.A. STATISTICS 

Federal Reserve Board or Dept. of Commerce Statistics unless otherwise stated. 



MILLIONS OF PERSONS 



MILLIONS OF PERSON! 



POINTS IN TOTAL INDEX 



POINTS IN TOTAL INOEX 




MILLIONS Or DOLLARS 



MILLIONS OF DOLLARS 



BILLIONS OF DOLLARS 



Billions of dollars 



3000 



2000 



1000 




BILLIONS OF DOLLARS 



BILLIONS OF OOLLARS 




m; 



TATISTICAL SUMMARY 

BANK OF CANADA 



Tables Charts Pages 

I Bank of Canada : 

Liabilities and Assets 109-110 

General Public Holdings of Certain Liquid Assets .... 109 

Factors Affecting General Public Holding of Certain Liquid Assets . 110 

II Chartered Banks: 

Liabilities and Assets 111-112 

III General Public Holdings of Certain Liquid Assets 111-112 

IV Security Prices: 

Government Bond Yields and Treasury Bill Rates: Canada, 

U.K. and U.S.A 113 

Yields of Government Bonds: Canada, U.K. and U.S.A. ... 113 

V Foreign Exchange Rates 114 

United States Dollar in Canadian Funds 114 

VI Bond Issues and Retirements 115 

VII Business Activity 116 

VIII Canadian Gold Statistics 116 

IX Wholesale Prices 117 

U.S.A. Weekly Wholesale Price Indexes 117 

X Cost of Living 118 

Cost of Living Indexes: Canada, and U.S.A 118 

XI Average Hourly and Weekly Earnings and Hours Worked 

in Manufacturing 119 

Average Hourly and Weekly Earnings in Manufacturing . . . 119 

XII Merchandise Trade: Exports and Imports by Countries .... 120 

XIII Merchandise Imports: Commodity Classification 121 - 122 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



JULY 1951 



109 
















JULY 195 




Millions of Dollars 
















] 


[— B 


N- 












LIABILITIES 










Chartered Bank Cash 








Active 

B. of C. 

Note 

Circulation 




T 
Liat 

As 


il 










Govt, of 
Canada 
Deposits 


Other- 
Deposits 


Foreign 
Currency 
Deposits'" 


All 

Other 

Accounts 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


til 

ts 


Average of 






















Month-end Figures 




















1935—10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


2 


.4 


1937—12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


3 


.3 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


4 


.5 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,81.7 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1.8.1 


1947 


152.8 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,9.8 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,91 


1949 


180.8 


567.7 


748.4 


98.4 


79.9 


57.4 


1,086.8 


38.7 


2,1.5 


1950 


192.3 


561.6 


753.9 


41.9 


206.2 


101.4 


1,100.9 


37.8 


2,2 2 


End of 




















1950— Mar. 


150.5 


567.3 


717.8 


71.2 


150.7 


79.2 


1,108.0 


36.9 


2,1 - 


Apr. 


165.5 


551.6 


717.1 


41.3 


199.8 


91.5 


1,104.3 


27.8 


2,1 


May 


210.6 


534.3 


745.0 


68.9 


202.7 


78.8 


1,065.3 


31.1 


2,1,7 


June 


154.7 


544.5 


699.2 


35.3 


215.8 


89.6 


1,121.1 


40.5 


2,2 . 


July 


200.3 


552.7 


753.0 


19.6 


228.9 


94.6 


1,093.9 


34.4 


2,2 


Aug. 


220.2 


568.2 


788.3 


16.7 


233.1 


106.2 


1,083.6 


36.9 


2,2 


Sept. 


179.3 


555.8 


735.1 


22.0 


258.2 


89.6 


1,139.1 


38.6 


2,2. 6 


Oct. 


211.8 


621.7 


833.5 


39.0 


235.2 


143.3 


1,110.0 


48.3 


2,4(4 


Nov. 


204.1 


578.8 


782.9 


45.3 


221.0 


149.7 


1,119.4 


56.3 


2,3 6 


Dec. 


231.3 


578.6 


809.9 


24.7 


207.1 


133.6 


1,136.1 


39.0 


2,3:3 


1951— Jan. 


219.6 


537.6 


757.3 


68.3 


204.4 


136.0 


1,074.8 


53.3 


2,2! 1 


Feb. 


202.8 


550.5 


753.3 


69.5 


204.6 


128.9 


1,092.6 


39.8 


2,217 


Mar. 


185.1 


552.9 


738.0 


70.5 


206.7 


88.5 


1,134.4 


28.7 


2,2' 


Apr. 


203.1 


556.1 


759.2 


56.9 


215.1 


137.7 


1,119.9 


58.9 


2,3' 7 


May 


214.8 


530.1 


744.8 


76.2 


221.5 


129.9 


1,122.7 


38.8 


2,3:i 


June 


177.1 


590.7 


767.8 


75.3 


220.1 


132.8 


1,174.2 


32.2 


2,4 


4 



(1) Includes foreign exchange items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March 31, 1949. ■*: May 1940 and s 
gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to the Foreign Exchange Control i 



GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETS 

BILLIONS OF DOLLARS BILLIONS OF DOLLARS 




* Total Currency and Active Bank Deposits plus Inactive Notice Deposits and Government of Canada Securities; see table and footnotes on 
pages 111-112. 
t See table and footnotes on page 111. 



JULY 1951 
CANADA 



110 

Millions of Dollars 



ASSETS 






Foreign* 1 ' 
Exchange 


Securities 


Advances 


All 

Other 

Accounts 




d Silver 


Govt, of Canada 
and Provincial 


Ind. Dev. 
Bank 


Other 


Total 










Under 2 yrs. 


Over 2 yrs. 


Cap. Stock 


Securities 




























Average of 






















Month-end Figures 


9 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935—10 Mths. 


n 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937—12 Mths. 


8 




41.7 

• 


142.8 
• 


46.2 
• 


— 


— 


189.1 

• 


.2 


6.7 


1939 




_ 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 




_ 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 




_ 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 




_ 


.4 


1,133.3 


787.7 


25.0 


- 


1,946.0 


- 


26.7 


1948 




- 


53.1 


1,421.8 


571.9 


25.0 


4.3 


2,023.0 


- 


33.4 


1949 




- 


110.2 


1,503.3 


467.8 


25.0 


100.5 


2,096.6 


— 


35.4 


1950 

End of 




_ 


73.8 


1,655.9 


358.9 


25.0 


5.5 


2,045.4 


- 


44.6 


Mar.— 1950 




_ 


86.2 


1,668.3 


371.0 


25.0 


5.5 


2,069.8 


- 


25.9 


Apr. 




_ 


73.4 


1,685.7 


372.6 


25.0 


5.5 


2,088.8 


- 


29.5 


May 




_ 


84.2 


1,436.7 


622.0 


25.0 


5.5 


2,089.2 


- 


28.2 


June 




- 


89.2 


1,431.0 


638.7 


25.0 


5.5 


2,100.2 


- 


35.1 


July 




_ 


161.5 


1,420.4 


569.2 


25.0 


60.3 


2,074.9 


- 


28.5 


Aug. 




_ 


212.3 


1,406.1 


444.6 


25.0 


170.0 


2,045.6 


- 


24.7 


Sept. 




_ 


152.5 


1,381.4 


435.7 


25.0 


360.7 


2,202.9 


- 


54.0 


Oct. 




_ 


127.4 


1,170.0 


662.0 


25.0 


328.1 


2,185.1 


- 


62.1 


Nov. 




- 


111.7 


1,229.3 


712.5 


25.0 


247.9 


2,214.7 


- 


24.0 


Dec. 




_ 


118.1 


1,171.0 


731.5 


25.0 


200.3 


2,127.7 


- 


48.2 


Jan.— 1951 






117.5 


1,165.4 


757.0 


25.0 


168.7 


2,116.1 




55.1 


Feb. 




- 


80.2 


1,341.9 


673.7 


25.0 


114.4 


2,155.1 


- 


31.6 


Mar. 




_ 


129.0 


1,327.6 


722.5 


25.0 


70.6 


2,145.7 


- 


73.0 


Apr. 




_ 


125.4 


1,313.7 


777.3 


25.0 


45.3 


2,161.3 


- 


47.4 


May 




- 


117.0 


1,335.2 


846.3 


25.0 


58.8 


2,265.4 




20.1 


June 



! give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order, 
tat date the Bank's minimum gold reserve requirement has been suspended. 



Under these orders the Bank's 



FACTORS AFFECTING GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETS 

BILLIONS OF DOLLARS BILLIONS OF DOLLARS 




* See table and footnotes on page 112. 



Ill 




















JULY 1951 
























II— CHA 


Millions of Dollars 


















B 






LIABILITIES 




§ 




Notes 


Deposits 


Cash 

in (j) 
Canada 


Securities 






Demand 


Notice 


Govt, of 

Canada 

and Prov. 


Canadian 
Deposits 

(i) 


Foreign 


Total 

Deposits 

(2) 


Govt, of 
Canada 


Prov- 
incial 


Foreign 
Govt. 





As at Dec. 3 1 




























1929 


175 


729 


1,434 


92 


2,270 


442 


2,820 


228 


297 


151 




1932 


127 


466 


1,378 


72 


1,928 


329 


2,306 


211 


562 


216 




1937 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


1,111 


59 


i 




1948 


16 


2,544 


4,057 


426 


7,099 


811 


8,002 


738 


2,959 


476 


242 


r 

- 




1949 


14 


2,426 


4,433 


367 


7,348 


730 


8,177 


753 


3,112 


445 


242 


• 




1950 


-(6) 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 


r 

< 




End of 




























1950— Apr. 


- 


2,330 


4,560 


411 


7,382 


737 


8,226 


717 


3,185 


410 


235 


fi 




May 


- 


2,453 


4,557 


407 


7,504 


758 


8,372 


745 


3,185 


410 


243 


5 




June 


- 


2,538 


4,538 


371 


7,552 


745 


8,409 


699 


3,057 


407 


238 


5 




July 


- 


2,493 


4,529 


265 


7,389 


742 


8,233 


753 


3,017 


419 


225 


5 




Aug. 


- 


2,618 


4,543 


412 


7,672 


728 


8,522 


788 


3,258 


416 


215 


r> 




Sept. 


- 


2,709 


4,582 


306 


7,659 


709 


8,569 


735 


3,188 


424 


230 


• r > 




Oct. 


- 


2,822 


4,559 


358 


7,887 


706 


8,724 


834 


3,173 


404 


201 


5 




Nov. 


- 


2,824 


4,543 


452 


7,995 


716 


8,845 


783 


3,081 


416 


205 


6 




Dec. 


- 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 


5 




1951— Jan. 


- 


2,638 


4,577 


533 


7,884 


724 


8,739 


757 


3,054 


401 


188 


6 




Feb. 




2,612 


4,618 


445 


7,841 


734 


8,702 


753 


2,887 


398 


190 


6 




Mar. 


- 


2,487 


4,614 


523 


7,753 


719 


8,625 


738 


2,801 


373 


210 


6 




Apr. 


- 


2,725 


4,598 


360 


7,856 


749 


8,742 


759 


2,742 


368 


208 


6 




May 


- 


2,692 


4,589 


405 


7,829 


747 


8,718 


745 


2,720 


370 


190 


6 




June 


_ 


2,578 


4,559 


455 


7,697 


763 


8,618 


768 


2,681 


366 


192 


5 





(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. (3) Until March 193S: Gold and Coin in Canada, 1 

end Canadian deposits in 1926-35 and monthly average deposits in 1936 and after. (5) Bank of Canada notes in public circulation and chartered bank note circi m 
outstanding notes issued for circulation in Canada transferred to Bank of Canada during January 1950. 



Millions of Dollars 



III— GENERAL PUBLIC HOLDUi 
Currency, Bank Deposits 

Be 





Currency and Active Bank Deposits 








Currency 
Outside Banks 






Active Bank Deposit 


s 






ToL 
Cun q 
ai 




Chartered Banks 


(7) 

Bank of 






























Notes* 1 * 


Coin ( J ) 


Total 


(8) 

Demand 


Active <*> 
Notice 


Other< 6 > 
excl. 
Govt. 


Total 


Deduct™ 
Float 


Net 
Total 


Canada 
"Other" 
Deposits 


Total 


Ac 

Ba 

Dep 














of Canada 












As at Dec. 31 


























1948 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


4,: 


1949 


1,110 


74 


1,184 


2,426 


682 


338 


3,446 


335 


3,111 


127 


3,238 


4,4 


1950 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,« 


End of 
























1950— Apr. 


1,104 


74 


1,178 


2,330 


704 


351 


3,385 


280 


3,105 


200 


3,305 


4,4 


May 


1,065 


73 


1,138 


2,453 


702 


348 


3,503 


365 


3,138 


203 


3,341 


4,4 


June 


1,121 


75 


1,196 


2,538 


699 


351 


3,588 


475 


3,113 


216 


3,329 


4,5 


July 


1,094 


75 


1,169 


2,493 


695 


318 


3,506 


355 


3,151 


229 


3,380 


4,5 


Aug. 


1,084 


75 


1,159 


2,618 


696 


323 


3,637 


351 


3,286 


233 


3,519 


4,6 


Sept. 


1,139 


77 


1,216 


2,709 


699 


389 


3,797 


352 


3,445 


258 


3,703 


4,9 


Oct. 


1,110 


77 


1,187 


2,822 


695 


437 


3,954 


451 


3,503 


235 


3,738 


4,9 


Nov. 


1,119 


77 


1,196 


2,824 


694 


419 


3,937 


476 


3,461 


221 


3,682 


4,8 


Dec. 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,8 


1951— Jan. 


1,075 


70 


1,151 


2,638 


702 


395 


3,735 


402 


3,333 


204 


3,537 


4,6 


Feb. 


1,093 


76 


1,169 


2,612 


709 


415 


3,736 


448 


3,288 


205 


3,493 


4,6 




Mar. 


1,134 


78 


1,212 


2,487 


711 


428 


3,626 


376 


3,250 


207 


3,457 


4,6 




Apr. 


1,120 


78 


1,198 


2,725 


709 


429 


3,863 


499 


3,364 


215 


3,579 


4,7 




May 


1,123 


79 


1,202 


2,692 


707 


398 


3,797 


467 


3,330 


222 


3,552 


4,7 




June 


1,174 


81 


1,255 


2,578 


707 


385 


3,670 


395 


3,275 


220 


3,495 


4,7 





■fa The term General Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings see Table III. page 59 in the April Statistical Summary. 
f Chartered banks' Newfoundland branch statistics are included as from 
1 April 1st. 1949. 
■*"*-The whole of the increase or decrease in Canada's foreign exchange reserves 
is embodied in the related factors in this table; to the extent that such 
changes do not appear in the column "Bank of Canada Gold and Exchange 
Holdings (net)" they affect changes in "Government of Canada Direct 
and Guaranteed Funded Debt." 
(1) Note Circulation of Bank of Canada and, prior to 1950, of the chartered 
banks; excluding notes held by chartered banks. 



(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada and 
chartered banks in Canada. 

(3) Chartered banks' public demand deposits in Canada. 

(4) Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts and 
non-personal notice deposits. 

(5) Chartered banks' Canadian dollar deposits of provincial governments, 
and of Canadian, United Kingdom, and foreign banks. 

(6) Cheques on other banks as shown in chartered bank month-end returns 
to the Minister of Finance. 

(7) Other Deposits with the Bank of Canada as shown in published month-end 
statements — i.e. excluding Government of Canada, chartered bank and 
foreign currency deposits. 



JULY 1951 

BANKS 

la 



»SETS 














Loans 






CANADA 


ABROAD 


Total 

Assets 


il 


Call 


Current 
Public 


Current 
Other 


Call 


Current 


8 


262 


1,403 


122 


245 


251 


3,521 


8 


103 


964 


140 


91 


152 


2,852 


1 


76 


749 


113 


60 


166 


3,281 


8 


101 


2,077 


71 


78 


240 


8,580 


5 


133 


2,174 


97 


70 


211 


8,718 


6 


134 


2,651 


125 


100 


247 


9,496 


8 


103 


2,226 


123 


98 


212 


8,770 


8 


105 


2,234 


118 


87 


214 


8,912 


6 


145 


2,293 


115 


90 


222 


8,950 





94 


2,287 


98 


95 


223 


8,796 


8 


99 


2,294 


98 


95 


220 


9,102 


6 


101 


2,352 


121 


110 


233 


9,162 


9 


115 


2,449 


116 


117 


230 


9,323 





164 


2,611 


126 


96 


234 


9,450 


6 


134 


2,651 


125 


100 


247 


9,496 


8 


118 


2,671 


124 


113 


252 


9,379 


3 


109 


2,736 


136 


114 


256 


9,354 


5 


94 


2,856 


152 


96 


252 


9,284 


4 


87 


2,886 


161 


97 


271 


9,403 


5 


92 


2,896 


170 


99 


281 


9,370 


3 


82 


2,898 


164 


110 


281 


9,256 



112 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in (3) 
Canada 


Deposits 


Canadian 


Note (s) 




(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


711 


6,547 


10.9 


1,053 


1948 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


748 


7,417 


10.1 


1,078 


Apr.— 1950 


742 


7,394 


10.0 


1,070 


May 


724 


7,419 


9.8 


1,071 


June 


755 


7,433 


10.1 


1,084 


July 


781 


7,369 


10.6 


1,082 


Aug. 


734 


7,557 


9.7 


1,096 


Sept. 


812 


7,786 


10.4 


1,107 


Oct. 


779 


7,881 


9.9 


1,111 


Nov. 


792 


7,847 


10.1 


1,131 


Dec. 


802 


7,890 


10.2 


1,079 


Jan.— 1951 


728 


7,766 


9.4 


1,083 


Feb. 


748 


7,655 


9.8 


1,103 


Mar. 


770 


7,734 


10.0 


1,106 


Apr. 


756 


7,731 


9.8 


1,110 


May 


768 


7,702 


10.0 


1,125 


June 



s and "Free" Central Gold Reserve Deposits: after that date 
r being, since September 1944, an approximate figure only. 



Bank of Canada Notes and Deposits. (4) Figures given are averages of estimated month- 

(6) Notes issued for circulation outside Canada only commencing in January 1950: liability for 



CERTAIN LIQUID ASSETS*t 

NMENT OF CANADA SECURITIES 



Millions of Dollars 



(8) 


Govt, of 
Canada 


Total 


Related Factors** 




Govt, of Canada Direct and Guaranteed Funded Debt* 1 " 


Bank"" 
Loans 
& Non- 


Bk.ofCan 
Gold and 


Deduct 
All 




ed 


Held by Bk. of Can. & Ch. Bks. 


Held by Other Investors 




















pi 


Securities 






Deduct < n > 






Deduct 






Exchange 


Other 




ts 


(9)(10)(12) 




Total 

(10) 


Govt, of 
Canada 
Deposits 


Net 
Total 


Total 


Securities 
held by all 
Govt. A eels 


Net 
Total 


Invest- 
ments 


Holdings 
(Net) 


(Net) 
<i«) 




























As at Dec. 31 




10,249 


17,992 


4,972 


320 


4,652 


11,506 


1,257 


10,249 


3,341 


- 


250 


1948 




9,904 


18,077 


5,121 


181 


4,940 


10,700 


796 


9,904 


3,419 


- 


186 


1949 




10,069 


18,781 


5,021 


280 


4,741 


10,916 


847 


10,069 


3,950 


226 


205 


1950 




9,772 


18,112 


5,224 


182 


5,042 


10,551 


779 


9,772 


3,455 


- 


157 


End of 
Apr.- 1950 




9,711 


18,045 


5,243 


215 


5,028 


10,495 


784 


9,711 


3,461 


- 


155 


May 




9,869 


18,233 


5,116 


160 


4,956 


10,665 


796 


9,869 


3,559 


- 


151 


June 




9,819 


18,202 


5,087 


68 


5,019 


10,631 


812 


9,819 


3,502 


- 


138 


July 




9,840 


18,366 


5,248 


204 


5,044 


10,646 


806 


9,840 


3,521 


116 


155 


Aug. 




10,020 


18,822 


5,039 


1 


5,038 


10,835t 


815 


10.020J 


3,618 


293 


147 


Sept. 




9,966 


18,755 


4,990 


108 


4,882 


10,804 


838 


9,966 


3,681 


370 


144 


Oct. 




10,184 


18,912 


4,913 


253 


4,660 


11,046 


862 


10,184 


3,921 


306 


159 


Nov. 




10,069 


18,781 


5,021 


280 


4,741 


10,916 


847 


10,069 


3,950 


226 


205 


Dec. 




10,099 


18,662 


4,956 


344 


4,612 


10,947 


848 


10,099 


3,943 


182 


174 


Jan. — 1951 




10,076 


18,647 


4,809 


266 


4,543 


10,922 


846 


10,076 


4,022 


157 


151 


Feb. 




10,023 


18,595 


4,817 


295 


4,522 


10,868 


845 


10,023 


4,101 


106 


157 


Mar. 




9,967 


18,632 


4,792 


161 


4,631 


10,820 


853 


9,967 


4,133 


62 


161 


Apr. 




9,908 


18,543 


4,811 


226 


4,585 


10,772 


864 


9,908 


4,159 


41 


150 


May 




9,814 


18,416 


4,863 


252 


4,611 


10,689 


875 


9,814 


4,133 


43 


185 


June 



(8) 



(9) 



10) 



Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits in 
Canada. 

Direct and guaranteed securities (including refundable taxes). Direct 
debt includes both matured and unmatured issues outstanding, exclusive 
of sinking fund holdings; guaranteed debt is included on the basis of the 
total unmatured issues outstanding; Newfoundland debt assumed by 
the Government of Canada has been included since June 1949. Foreign 
pay securities have been valued at official mid-rates of exchange to 
September 30, 1950, and at market rates thereafter. 

Chartered banks' temporary advances to the general public in connection 
with the purchase of Victory Loan Bonds at time of issue, amounting to 
166, 261, 271, and 411 in the years 1942 to 1945 inclusive, have been 



(11) 
(12) 
(13) 



(14) 



included in bank holdings of Government securities and deducted from 

holdings of the general public. 

Canadian dollar deposits of the Government of Canada at chartered 

banks and Bank of Canada. 

Holdings of all investors other than Bank of Canada, chartered banks 

and Government of Canada accounts. 

All loans in Canada of the chartered banks other than temporary advances 

in connection with Victory Loan issues, plus chartered banks' holdings 

of provincial, municipal and "other" securities, and Bank of Canada 

holdings of Industrial Development Bank Capital stock. 

Net of all related asset and liability items not shown elsewhere in this table. 

Excludes $50 million (U.S. funds) borrowed in New York to redeem an 

issue falling due on October 1st. 



113 



JULY 19i 



IV— GOVERNMENT BOND YIELDS AND TREASURY BILL RATES 

Bank of Canada 



111' 





Government of Canada 






Theoreticals* 






15th of Each Month 




15 Yr. 


9 Yr. 


5 Yr. 


2 Yr. 




Bond 


Bond 


Bond 


Bond 


Annual Average 










1946 


2.61 


2.32 


1.69 


1.39 


1947 


2.57 


2.25 


1.75 


1.43 


1948 


2.93 


2.72 


2.27 


1.44 


1949 


2.83 


2.64 


2.24 


1.66 


1950 


2.78 


2.67 


2.22 


1.81 


Monthly 










1950— Jain. 


2.75 


2.62 


2.18 


1.73 


Feb. 


2.73 


2.60 


2.16 


1.73 


Mar. 


2.73 


2.60 


2.16 


1.72 


Apr. 


2.77 


2.63 


2.18 


1.73 


May 


2.75 


2.61 


2.17 


1.74 


June 


2.73 


2.59 


2.10 


1.74 


July 


2.77 


2.67 


2.14 


1.77 


Aug. 


2.75 


2.64 


2.15 


1.74 


Sept. 


2.71 


2.62 


2.17 


1.76 


Oct. 


2.75 


2.68 


2.22 


1.83 


Nov. 


2.88 


2.84 


2.42 


2.02 


Dec. 


2.99 


2.97 


2.55 


2.17 


1951— Jan. 


3.02 


3.00 


2.63 


2.26 


Feb. 


3.02 


3.00 


2.60 


2.27 


Mar. 


3.25 


3.21 


2.89 


2.70 


Apr. 


3.24 


3.20 


2.75 


2.48 


May 


3.24 


3.18 


2.62 


2.28 


June 


3.25 


3.15 


2.62 


2.35 


July 


3.23 


3.16 


2.64 


2.38 



Long Term 




Market Yields 


Average of Business Days 


Canada (1) 


U.K.' 2 ' 


U.S.A. < 3 > 


2.63 


2.52 


2.15 


2.59 


2.61 


2.20 


2.93 


2.82 


2.41 


2.85 


2.93 


2.24 


2.77 


3.19 


2.24 


2.73 


3.29 


2.10 


2.72 


3.25 


2.14 


2.72 


3.31 


2.18 


2.75 


3.23 


2.21 


2.72 


3.21 


2.23 


2.73 


3.14 


2.25 


2.77 


3.23 


2.26 


2.75 


3.21 


2.26 


2.70 


3.14 


2.29 


2.77 


3.05 


2.31 


2.87 


3.05 


2.32 


2.97 


3.12 


2.35 


3.01 


3.12 


2.32 


3.01 


3.26 


2.33 


3.17 


3.28 


2.48 


3.21 


3.35 


2.59 


3.20 


3.43 


2.69 


3.24 


3.55 


2.70 


3.21 


3.53 


2.66 



Tender Rates on 3 Month 
Treasury Bills 



Tender nearest 15th of Monti 



Canada 



.388 
.406 
.411 
.485 
.552 

.512 
.513 
.512 
.513 
.514 
.512 
.512 
.546 
.615 
.623 
.624 
.626 

.626 
.728 
.755 
.755 
.755 
.754 
.771 



U.K. 



U.S.A 



505 


.375 


507 


.592 


509 


1.037 


521 


1.096 


516 


1.215 


524 


1.101 


524 


1.131 


525 


1.131 


512 


1.160 


513 


1.165 


514 


1.177 


512 


1.168 


513 


1.173 


514 


1.311 


514 


1.337 


513 


1.380 


519 


1.351 


511 


1.391 


513 


1.391 


512 


1.402 


511 


1.529 


512 


1.626 


512 


1.467 


512 


1.615 



* Payable in Canada only. (1) Government of Canada 3% due Sept. 1, 1961-66. (2) United Kingdom 3% due Apr. 15, 1959-69. 

(3) U.S. Treasury 2^% due Dec. 15, 1963-68, is not elegible for commercial banks before Dec. 1, 1952. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS 

Daily Opening Quotations 



CANADA, U.K. AND U.S.A. 




JULY 



AUG. 



SEPT. OCT 

I9S0 



NOV. DEC 

* Security is not eligible for commercial banks before Dec. 1, 1952. 



APR MAY 

1951 



JULY 1951 



114 



V— FOREIGN EXCHANGE RATES 

Bank of Canada 



Cents per unit 




UtfflUlAJ 


_, KAltS 










U. S. Dollar in Canada 


£ Sterling in Canada 




Buying 


Selling 


Mid-rate 


Buying 


Selling 


Mid-rate 


1939 - Sept. 16(D 

1945 - Oct. 15d) 

1946 - July 6<i> 
1949 - Sept. 20d) 


110.00 
110.00 
100.00 
110.00 


111.00 
110.50 
100.50 
110.50 


110.50 
110.25 
100.25 
110.25 


443.00 
443.00 
402.00 
307.25 


447.00 
445.00 
404.00 
308.75 


445.00 
444.00 
403.00 
308.00 



MARKET RATESt 





U. S 


. Dollar in Canada 


£ Sterling in Canada 




High 


Low 


Noon aver. 


High 


Low 


Noon aver. 


Business Days 














1950— Oct. 


107.00 


104.56 


105.34 


299.60 


292.78 


294.96 


Nov. 


104.84 


103.25 


104.03 


293.50 


289.25 


291.23 


Dec. 


106.00 


104.59 


105.31 


296.75 


293.00 


294.86 


1951— Jan. 


105.94 


104.75 


105.17 


296.50 


293.50 


294.46 


Feb. 


105.38 


104.41 


104.92 


295.00 


292.44 


293.82 


Mar. 


105.25 


104.44 


104.73 


294.75 


292.50 


293.29 


Apr. 


106.81 


104.94 


105.99 


299.19 


293.88 


296.74 


May 


106.94 


105.38 


106.37 


299.50 


295.13 


297.89 


June 


107.31 


106.63 


106.94 


300.50 


298.50 


299.41 


July 


106.63 


105.53 


106.05 


298.50 


295.38 


296.90 



* Rates established by the Government commencing from the institution of exchange control on Sept. 16, 1939. 
(1) Dates on which official rates were established or changed, 
t Commencing Oct. 2, 1950, official rates of exchange were discontinued; market rates are quotations for transactions between banks in the exchange market. 



UNITED STATES DOLLAR IN CANADIAN FUNDS' 



CANADIAN DOLLARS 

1.08 



CANADIAN DOLLARS 

1.08 




* Market rates; see footnote to table above. 



115 

VI— BOND ISSUES AND RETIREMENTS ' 

Par Values in Millions of Canadian Dollars* Bank °f Canada 



JULY 1951 





I-Govt. of Canada Direct & 
Guaranteed and Other C.N.R. 




II-Provincial Direct and Guaranteed 








Net New 


New Issues 


Retirements 


Net New 




New Issues 


Retirements 


Issues or 
Retirements 
















New 


Refunding 


Refu tided 


Other 


Retirements 


Calendar Years 


















1946 


913.5 


866.1 


47.4 




59.6 


73.4 


68.7 


82.5 


18.2 


1947 


371.4 


641.5 


270.1 




150.1 (2)(3) 


125.2 


125.2 


85.1 


65.0 <2)(3 > 


1948 


1,424.8 


1,634.8 


210.0 




240.2 


103.8 


84.7 


81.2 


178.1 


1949 


820.7 


1,236.7 


416.1 




409.4 


54.1 


73.5 


63.9 


326.0 


1950 


2,191.7 


2,282.6 


90.9 




270.0 


138.8 


131.8 


108.8 


168.2 


First Half 




















1946 


16.7 


409.0 


392.3 




29.9 


31.1 


18.3 


39.4 


3.3 


1947 


88.0 


462.7 


374.7 




104.1 (2) 


72.1 


51.4 


34.5 


90.3 


1948 


510.2 


701.9 


191.7 




75.4 


52.1 


20.2 


36.7 


70.6 


1949 


52.2 


151.1 


98.9 




138.3 


10.9 


32.0 


37.6 


79.6 


1950 


1,151.4 


1,252.9 


101.5 




189.7 


105.9 


120.5 


73.9 


101.2 


1951 


24.3 


193.7 


169.4 




137.8 


47.8 


15.4 


74.2 


96.1 





III-CORPORATIONS 




New Issues 


Retirements 


Net New 










Issues or 
Retirements 




New 


Refunding 


Refunded 


Other 


Calendar Years 












1946 


125.4 


460.8 


460.4 


126.6 


.8 


1947 


267.0 


203.5 


197.7 


152.2 


120.5 


1948 


273.9 


20.6 


26.3 


69.1 


199.0 


1949 


260.3 


41.8 


41.8 


85.0 


175.2 


1950 


400.0 


53.5 


53.5 


86.1 


313.9 


First Half 












1946 


77.9 


278.2 


248.5 


75.1 


32.6 


1947 


101.5 


179.2 


174.7 


59.8 


46.1 


1948 


146.5 


13.5 


16.3 


34.1 


109.6 


1949 


127.0 


10.7 


10.1 


39.4 


87.7 


1950 


226.5 


20.5 


21.2 


42.3 


183.5 


1951 


141.2 


6.2 


6.2 


37.5 


103.7 



I+II+III 



Net New 

Issues or 

Retirements 



28.5 
84.6 

167.1 
85.2 

391.2 

356.5 

238.3 

11.5 

68.4 

183.2 

30.3 



IV-Govt.ofCanadaTreasuryBills, 


Deposit Certificates and Short- 


TermNotesSoldDirectlytoBank 


of Canada and Chartered Banks 


Net New 


Total 


Issues or 


Outstanding 


Retirements 


at End of Period 


250 


1,546 


346 


1,200 


100 


1,300 


100 


1,200 


300 


1,500 


- 


1,796 


66 


1,480 


100 


1,300 


- 


1,300 


100 


1,300 


100 


1,400 






SUMMARY OF CHANGES IN CURRENCY OF PAYMENT (1) 

GOVERNMENT OF CANADA AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 
.„,.„. , _ ,. _ „ * AND CORPORATION BONDS 

Par Values in Millions of Canadian Dollars 



























Net Increase or 




NEW ISSUES were payab 




RETIREMENTS were payable in: 




Net Decrease 




















Canada, 






In Montis C 
lng Paj 


•utstand- 














able: 




Canada 
only 


NewYork 
only 


Canada & 
NewYork 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


New York 
& London 


London 


Total 


In Canada 
only 


Abroad 


Calendar Years 




























1946 


1,456.5 


171.4 


4.8 


.1 


1,632.8 


1.104.0 


317.5 


109.5 


58.1 


15.2 


1,604.3 


352.5 


324.0 


1947 


1,106.2 


5.5 


5.0 


.4 


1,117.1 


938.5 


66.5 


61.0 


104.8 


30.9 


1,201.7 


167.8 


252.3 


1948 


1,773.0 


290.0 


- 


.3 


2,063.3 


1.705.0 


161.2 


19.0 


5.3 


5.6 


1,896.1 


68.1 


99.1 


1949 


1,486.0 


100.0 


- 


.2 


1,586.2 


1,379.7 


8.8 


10.9 


91.5 


10.2 


1,501.0 


106.4 


21.2 


1950 


2,837.2 


216.9 


- 


- 


3,054.0 


2,401.2 


126.4 


78.9 


45.7 


10.6 


2,662.8 


436.0 


44.8 


First Half 




























1946 


316.8 


117.0 


- 


- 


433.8 


465.7 


224.8 


79.0 


11.3 


9.5 


790.3 


148.8 


207.7 


1947 


534.2 


5.5 


5.0 


.2 


544.9 


595.8 


44.3 


38.0 


90.0 


15.0 


783.1 


61.6 


176.7 


1948 


657.6 


140.0 


- 


.1 


797.7 


781.4 


10.0 


12.0 


3.5 


2.3 


809.2 


123.9 


112.4 


1949 


339.1 


- 


- 


.1 


339.2 


252.1 


4.7 


4.8 


4.1 


5.1 


270.8 


87.0 


18.6 


1950 


1,556.1 


137.8 


- 


- 


1,693.9 


1,377.5 


5.1 


74.9 


43.8 


9.4 


1,510.7 


178.7 


4.5 


1951 


232.3 


125.1 


— 


— 


357.3 


304.4 


4.0 


9.7 


8.2 


.8 


327.0 


72.1 


102.5 



* Issues payable in Foreign Currency are included at the par of exchange up to Sept. IS, 1939, but thereafter conversion is made on the basis of the official rates 
of the Foreign Exchange Control Board. Since Sept. 1950. the market noon rates are used. t Does not include refundable tax changes which were (in millions 
of dollars) 70, 27, 85, 287, and 56 from 1946 to 19S0 respectively. (1) Subject to revision. War Savings Certificates are included. Provincial Treasury Bills 
are excluded. Govt, of Canada Treasury Bills, Deposit Certificates and short-term notes sold directly to Bank of Canada and the chartered banks are not in- 
cluded in Heading I but are shown separately in Heading IV. Because of lack of sufficient data no tabulation of retirements by municipalities and religious in- 
stitutions was possible. However, the net reduction of total municipal bonded debt in 1946 was S43 million; before the transfer to the Quebec Municipal 
Commission of certain school debt, the estimated net increases from 1947 to 1950 were 31, 78, 105 and 129 millions of dollars respectively. (2) Before giving 
effect to the issue of $112.2 million of Quebec Hydro debentures in connection with retirement of Montreal Light Heat & Power stock. (3) Before giving effect 
to the issue of $63.2 million of Quebec Municipal Commission bonds re transfer of the debt of certain school corporations. 



JULY 1951 



116 



VII— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





Production 


Res- 
idential 

Con- 
struction 


Car 
Loadings 


Value 

of 

Department 


Employ- 
ment 
Index 

(3) 


Aggregate 
Payrolls 










News- 


Central 


Index 

(3) 




Gold 


Nickel 


Steel 


print 
CD 


Electric 
Stations*" 


Contracts 
Awarded 




Store Sales 


Unadjusted 


Unadjusted 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 




Millions 








Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 


Thousands 


of Dollars 


1939=100 


1939 = 100 


VnnualTotals(*> 






















1932 


3,044 


15 


380 


2,186 


12,296 


29 


2,180 


254 


(5) 


(5) 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


289 


(5) 


(5) 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


158.3 


245.2 


1948 


3,530 


132 


3,202 


4,983 


40,607 


373 


4,060 


805 


165.0 


282.9 


1949 


4,124 


129 


3,187 


5,176 


42,103 


464 


3,907 


856 


165.5 


303.7 


1950 


4,448 


123 


3,384 


5,279 


46,085 


542 


3,906 


873 


168.0 


321.8 


2-mths. ending 






















June 1951 


4,443* 


127* 


3,503* 


5,436 


49,523 


531 


4,086 


906 


175.0 


349.1 


Monthly 
L950 — Mar. 


383.3 


9.3 


294.3 


451.6 


3,801 


30.2 


330 


67.3 


157.9 


300.5 


Apr. 


369.7 


11.2 


279.3 


422.8 


3,656 


43.0 


292 


67.4 


159.0 


303.8 


May 


373.8 


11.0 


290.9 


459.9 


3,804 


54.2 


338 


73.6 


159.7 


305.8 


June 


368.9 


10.8 


276.4 


441.0 


3,706 


63.7 


354 


69.2 


166.0 


315.3 


July 


368.4 


9.3 


264.2 


439.3 


3,715 


74.2 


332 


54.8 


170.8 


328.3 


Aug. 


376.5 


7.7 


281.3 


466.4 


3,849 


48.5 


275 


61.4 


172.5 


332.5 


Sept. 


364.9 


11.7 


274.9 


437.6 


3,852 


56.3 


363 


78.3 


174.1 


328.0 


Oct. 


376.8 


10.3 


293.9 


456.4 


4,102 


54.8 


385 


83.8 


177.1 


346.6 


Nov. 


378.8 


11.9 


289.5 


456.7 


4,143 


44.0 


369 


98.2 


178.1 


351.7 


Dec. 


383.1 


10.3 


291.2 


430.6 


4,241 


28.5 


314 


118.9 


179.2 


356.2 


951— Jan. 


374.5 


10.9 


309.7 


453.0 


4,368 


16.0 


331 


58.3 


175.3 


338.2 


Feb. 


347.1 


9.6 


281.4 


425.1 


3,982 


25.0 


294 


58.4 


172.3 


351.5 


Mar. 


372.4 


11.6 


314.8 


473.0 


4,395 


32.0 


336 


72.6 


172.3 


353.8 


Apr. 


362.5 


10.5 


312.0 


447.6 


4,227 


49.8 


337 


75.1 


173.3 


357.8 


May 


369.4 


12.4 


313.3 


485.7 


4,407 


52.0 


380 


76.6 


175.6 


367.9 


June 








464.3 


4,242 


50.3 


370 


69.5 


179.3 


376.3 



1) Source; Newsprint Association of Canada. Includes Newfoundland. (2) Total output less exports and secondary power. Includes Newfoundland 

commencing January 1950. (3) 9 Leading industries. First of month figures. (4) Average of months in case of Employment and Payrolls Indexes. 

*12-months ending May 1951. (5) Not available. 



Thousands of Fine Ounces 



VIII— CANADIAN GOLD STATISTICS 

Bank of Canada 





SOURCES 


DISPOSITION 








Net Release 






Net Increase 








New 
Gold") 
Production 


Physical < 2 > 
Imports 


from Gold 

held in 
Safekeeping 
for Non- 
residents 


Total 

Gold 

Available 


Physical"' 
Exports 


in Gold 
held in 
Safekeeping 
for Non- 
residents 


Net Increase 
or Decrease 
in Official 
Holdings* 4 ' 


Total 

Disposition 

of Gold 


Calendar Years 


















1939 


5,096 


17,681 


- 


22,777 


11,104 


10,700 


973 


22,777 


1940 


5,290 


73,468 


- 


78,758 


55,987 


25,114 


1,343 


78,758 


1941 


5,313 


1,389 


4,960 


11,662 


11,680 


- 


18 


11,662 


1942 


4,809 


- 


1,567 


6,376 


5,825 


- 


551 


6,376 


1943 


3,703 


- 


157 


3,860 


1,868 


- 


1,992 


3,860 


1944 


2,862 


214 


231 


3,307 


1,311 


- 


1,996 


3,307 


1945 


2,503 


- 


695 


3,198 


1,505 


- 


1,693 


3,198 


1946 


2,600 


5 


12,482 


15,087 


9,834 


- 


5,253 


15,087 


1947 


2,851 


2 


5,516 


8,369 


15,524 


- 


7J55 


8,369 


1948 


3,423 


2,384 


- 


5,807 


2,505 


11 


3,291 


5,807 


1949 


3,866 


11 


530 


4,407 


1,967 


- 


2,440 


4,407 


1950 


4,283 


15,428 (B) 


- 


19,711 


980 


16,049 


2,682 


19,711 


Quarters 


















1950- I 


1,070 


- 


- 


1,070 


218 


396 


456 


1,070 


II 


1,097 


18 


- 


1,115 


367 


542 


206 


1,115 


III 


1,024 


4,382 


- 


5,406 


344 


4,107 


955 


5,406 


IV 


1,091 


11,028 (6) 


- 


12,119 


51 


11,003 


1,065 


12,119 


1951- I* 


1,023 


9,220 


- 


10,243 


34 


9,339 


870 


10,243 


lit 


1,161 


3,144 (6) 


— 


4,305 


33 


3,259 


1,013 


4,305 



1) Newly mined gold sold by the Mint (excl. small sales for industrial purposes) plus exports of raw gold or concentrates direct from the mines for refining 
abroad. This series coincides with net non-monetary gold exports published monthly since 1939. 

2) Excluding small amounts of unmanufactured gold, scrap and manufactured forms which are shown under various headings in the import returns. 

3) Excluding the gold content of exports of jewellers' sweepings and precious metals scrap which are shown in the export returns. 

4) Holdings of the Exchange Fund Account and Bank of Canada. (5) Includes 2,857 thousand fine ounces of Canadian-owned gold earmarked abroad. 

6) Includes 285 thousand fine ounces of Canadian-owned gold earmarked abroad. * Revised. t Preliminary. ^^ 



117 



JULY 1951 



IX— WHOLESALE PRICES 

Index 1935-39 = 100 
CANADA 

Dominion Bureau 
of Statistics 





Farm Products* 


Raw& 


Fully & 












Partly 


Chiefly 


Total 










Manu- 


Manu- 




Fieldt 


Animal 


Total f 


factured 


factured 




Average of Months 














1926 


158.5 


130.2 


144.4 


129.1 


133.0 


130.3 


1932 


60.4 


70.5 


65.5 


75.5 


92.8 


86.9 


1937 


128.9 


106.0 


107.4 


113.7 


104.4 


107.7 


1946 


177.9 


181.2 


179.5 


140.1 


138.0 


138.9 


1947 


184.1 


200.2 


192.2 


164.3 


162.4 


163.3 


1948 


200.6 


263.7 


232.1 


196.3 


192.4 


193.4 


1949 


191.9 


265.4 


228.7 


197.1 


199.2 


198.3 


1950 


184.6 


281.4 


233.0 


212.8 


211.0 


211.2 


Monthly 














1950— Mar. 


192.8 


266.0 


229.4 


200.6 


202.4 


201.5 


Apr. 


194.7 


268.0 


231.3 


202.3 


203.1 


202.5 


May 


195.4 


272.8 


234.1 


206.9 


204.2 


204.7 


June 


197.7 


289.1 


243.4 


214.6 


207.1 


209.2 


July 


197.2 


296.4 


246.8 


218.8 


209.3 


212.0 


Aug. 


174.2 


298.5 


236.3 


221.2 


213.7 


215.7 


Sept. 


172.6 


297.1 


234.9 


226.0 


221.6 


222.6 


Oct. 


170.2 


286.8 


228.5 


220.0 


220.8 


220.0 


Nov. 


170.3 


290.5 


230.4 


221.9 


223.2 


222.4 


Dec. 


170.6 


298.4 


234.5 


225.1 


225.7 


225.2 


1951— Jan. 


173.5 


310.9 


242.2 


231.1 


233.6 


232.3 


Feb. 


177.9 


329.6 


253.7 


237.1 


240.0 


238.5 


Mar. 


181.2 


347.2 


264.2 


238.8 


244.1 


241.8 


Apr. 


181.6 


331.6 


256.6 


238.6 


244.9 


242.2 


May 


177.0 


336.1 


256.5 


238.9 


244.4 


241.9 


June 


174.4 


353.1 


263.8 


242.9 


243.7 


242.7 



U.S.A. 

Bureau 
of Labor Statistics^ 



U.K. 

Board of 
Trade™ 



Farm 
Products 


Raw 
Materials 


Manu- 
factured 
Products 


Total 


131.6 


130.2 


120.8 


124.1 


63.4 


71.7 


84.9 


80.4 


113.7 


110.4 


105.3 


107.1 


195.5 


175.1 


139.9 


149.9 


238.1 


215.4 


176.1 


188.5 


247.9 


232.4 


192.5 


204.9 


217.7 


213.2 


182.6 


192.2 


224.3 


224.6 


189.4 


200.4 


209.7 


212.0 


179.8 


189.5 


209.6 


211.6 


180.4 


189.7 


216.7 


216.5 


183.8 


193.4 


218.3 


218.4 


185.4 


195.2 


231.6 


228.9 


190.8 


202.1 


233.7 


233.2 


194.7 


206.5 


237.4 


236.7 


198.1 


210.3 


233.9 


234.6 


197.5 


209.8 


241.7 


240.2 


199.4 


213.0 


246.6 


243.6 


204.0 


217.5 


255.5 


250.8 


209.1 


223.4 


266.6 


259.2 


211.8 


227.8 


268.2 


259.6 


212.3 


228.3 


266.4 


257.4 


212.7 


227.8 


262.6 


254.6 


212.8 


226.9 


261.3 


253.5 


212.0 


225.4 



Total 



124.8 
86.2 
109.5 
176.4 
193.2 
220.9 
231.7 
264.7 

247.1 
251.4 
257.0 
258.7 
262.0 
265.9 
274.0 
281.5 
291.0 
294.4 

302.1 
307.8 
315.8 
321.0 
322.0 
323.0 



(1) Adjusted to 1935-39 = 100 from base 1926 = 100. 

(2) Adjusted to 1935-39 = 100 from base 1913 = 100 in the years 1926 to 1929 inclusive and from base 1930 = 100 thereafter. 

* An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. Participation 
payments are included and the series revised whenever such payments are announced. t Revised from Aug. 1945 to July 1950 to include final five-year 

contract payment for wheat. 



U.S.A. WEEKLY WHOLESALE PRICE INDEXES 



UDEX 1926-100 



NDEX 1926-100 




JFMAMJJASONDJFMAMJJASONDJFMAMJJASONDJFMAMJJASOND 
1948 1949 1950 1951 

* Bureau of Labor Statistics; based on a sample of 115 commodities selected from the 900 commodities included in the monthly index. Last 
figure plotted for July 17. 



JULY 1951 

Index 1935-39 = 100 



118 



X— COST OF LIVING* 

Dominion Bureau of Statistics 







Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 

Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 




Average of Months 


















1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 




1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 




1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 




1947 


159.5 


115.9 


143.9 


116.7 


• 141.6 


117.0 


135.5 




1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 




1949 


203.0 


131.1 


183.1 


123.0 


167.6 


128.8 


160.8 




1950 


210.9 


138.3 


182.3 


132.9 


169.2 


132.6 


166.5 




First of Month 


















1950— Jan. 


199.4 


135.6 


183.3 


125.0 


167.0 


131.6 


161.0 




Feb. 


201.3 


135.9 


183.0 


125.0 


166.4 


132.1 


161.6 




Mar. 


204.0 


136.3 


181.4 


132.7 


166.3 


132.1 


163.7 




Apr. 


204.5 


138.0 


181.2 


132.7 


166.4 


132.3 


164.0 




May 


204.6 


137.5 


180.8 


132.7 


166.4 


132.3 


164.0 




June 


209.0 


137.1 


180.7 


132.7 


166.9 


132.4 


165.4 




July 


214.3 


137.7 


180.7 


134.9 


166.9 


132.5 


167.5 




Aug. 


216.7 


138.4 


180.9 


134.9 


168.9 


132.5 


168.5 




Sept. 


218.8 


140.8 


182.3 


135.5 


171.1 


132.8 


169.8 




Oct. 


220.1 


141.0 


183.5 


135.5 


172.7 


133.3 


170.7 




Nov. 


218.6 


140.6 


184.5 


136.4 


174.8 


133.4 


170.7 




Dec. 


218.8 


140.7 


184.9 


136.4 


176.4 


134.1 


171.1 




1951— Jan. 


220.2 


141.5 


187.1 


136.4 


179.8 


135.8 


172.5 




Feb. 


224.4 


141.7 


192.4 


136.4 


185.1 


137.0 


175.2 




Mar. 


233.9 


146.5 


196.3 


137.6 


188.6 


137.8 


179.7 




Apr. 


238.4 


146.7 


198.8 


137.6 


190.7 


138.8 


181.8 




May 


235.4 


146.2 


201.5 


137.6 


194.9 


140.7 


182.0 




June 


239.8 


146.2 


202.5 


139.8 


197.1 


141.0 


184.1 




July 


249.7 


147.2 


202.9 


139.8 


197.4 


142.2 


187.6 



Components were selected and weighted on the basis of 1938 family incomes ranging from $450-$2,500, with incomes between $1,000-$1,600 most common. 



COST OF LIVING INDEXES: CANADA AND U.S.A. 
CONTRIBUTION TO TOTAL PERCENTAGE INCREASE IN YEAR ENDING JULY 1*. 1951 

PERCENT PERCENT 




TOTAL COST OF LIVING INDEXES 

INDEX 1935-39=100 



190 



180 



170 



U.S.A.-^ 




^^y 


f^- CANADA 


=111111 


11111 = 



190 



180 



170 



JJASONDJFMAMJJ 
1950 1951 



I ! 






r 



^..._..< 



10 



TOTAL 



FOOD 



FUEL & 
LIGHT 



RENT 



CLOTHING 



HOME 
FURNISHINGS 



MISC. 



* Year ending June 15, 1951 for U.S.A. 



119 


















JULY 1951 


XI— AVERAGE HOURLY & WEEKLY EARNINGS & HOURS WORKED IN MANUFACTURING* 






HOURLY-RATED WAGE-EARNERS 












Dominion Bureau of Statistics 










AVERAGE 


HOURLY EARNINGS ' 


AVERAGE HOURS WORKED 


AVERAGE 


WEEKLY EARNINGS ' 






Cents 








Dollars 






All Manu- 


Durable 


Non-Durable 


All Manu- 


Durable 


Non-Durable 


All Manu- 


Durable 


Non-Durable 




factures 


Goods 


Goods 


factures 


Goods 


Goods 


factures 


Goods 


Goods 


Average of Months 




















1945 


69.4 


76.8 


60.8 


44.3 


44.7 


43.8 


30.71 


34.30 


26.59 


1946 


70.0 


76.4 


63.8 


42.7 


42.7 


42.6 


29.87 


32.68 


27.18 


1947 


80.3 


87.2 


73.4 


42.5 


42.7 


42.3 


34.16 


37.25 


31.09 


1948 


91.3 


98.4 


84.0 


42.2 


42.3 


42.0 


38.50 


41.67 


35.29 


1949 


98.6 


106.5 


90.6 


42.3 


42.5 


42.0 


41.67 


45.28 


38.09 


1950 


103.6 


112.0 


95.2 


42.3 


42.5 


42.2 


43.86 


47.55 


40.22 


1st of Montht 




















1950— Jan. 


101.1 


109.3 


92.9 


39.9 


40.3 


39.6 


40.34 


44.05 


36.79 


Feb. 


100.9 


109.5 


92.6 


42.3 


42.2 


42.4 


42.68 


46.21 


39.26 


Mar. 


101.4 


109.8 


93.1 


42.5 


42.6 


42.5 


43.10 


46.77 


39.57 


Apr. 


101.7 


110.0 


93.6 


42.8 


43.0 


42.6 


43.53 


47.30 


39.87 


May 


102.5 


110.6 


94.3 


42.6 


42.9 


42.4 


43.67 


47.45 


39.98 


June 


103.5 


111.4 


95.5 


42.0 


42.2 


41.7 


43.47 


47.01 


39.82 


July 


103.9 


111.8 


95.7 


42.5 


42.9 


42.2 


44.16 


47.96 


40.39 


Aug. 


104.2 


112.5 


95.8 


42.5 


42.7 


42.2 


44.29 


48.04 


40.43 


Sept. 


104.4 


112.9 


95.9 


41.9 


41.5 


42.4 


43.74 


46.85 


40.66 


Oct. 


105.3 


114.3 


96.3 


42.9 


43.0 


42.8 


45.17 


49.15 


41.22 


Nov. 


106.4 


115.2 


97.5 


43.0 


43.1 


43.0 


45.75 


49.65 


41.93 


Dec. 


107.8 


116.4 


99.0 


43.1 


43.1 


43.1 


46.46 


50.17 


42.67 


1951— Jan. 


109.0 


117.1 


100.5 


40.1 


40.2 


39.9 


43.71 


47.07 


40.10 


Feb. 


110.4 


119.0 


101.2 


42.9 


43.1 


42.6 


47.36 


51.29 


43.11 


Mar. 


111.4 


119.9 


102.3 


42.3 


42.5 


42.2 


47.12 


50.96 


43.17 


Apr. 


112.8 


121.6 


103.4 


42.2 


42.3 


42.1 


47.60 


51.44 


43.53 


May 


114.1 


122.8 


104.7 


42.5 


42.6 


42.4 


48.49 


52.31 


44.39 



* Covers establishments usually employing not less than 15 persons and includes overtime and part-time workers, 
t As reported for last week of the previous month. 
(1) Gross earnings before deductions for taxes, unemployment insurance, etc. 



AVERAGE HOURLY AND WEEKLY EARNINGS IN MANUFACTURING* 

DOLLARS PER HOUR DOLLARS PER WEEK 




M J 
1950 



M J 
1951 




* Hourly-rated wage-earners. 

t 1st of month figures for the last week of the previous month. So far as weekly wages are concerned, Jan. 1st figures are affected by loss of working 

time during the holiday season and the average of Dec. 1st and Feb. 1st has been used. 
(1) Current dollars divided by D.B.S. cost of living index on base 1949 = 100. 



fULY 1951 



120 



Millions of Dollars 



lillions of Dollars 



XII— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTS '* 





TOTAL EXPORTS (EXCLUDING GOLD) TO 


Net 




U.S.A. 


U.K. 


U.K. 

Dependen- 
cies 


Union 

OF 

South 
Africa 


Other 

Sterling 

Area 

(3) 


Western 

Europe & 

Colonies 

(4) 


Central 

and 

South 

America 


Other 
(5) 


Total 

All 

Countries 


Non- 
monetary 

Gold 
Exports 


;alendar Years 
1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


96 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


99 


1948 


1,516 


719 


95 


83 


115 


307 


127 


164 


3,125 


119 


1949 


1 ,529 


710 


72 


76 


151 


254 


132 


99 


3,022 


139 


1950 


2,050 


472 


52 


44 


108 


201 


154 


75 


3,156 


162 


2 Mths. end'g 
une 1951< 6 > 


2,257 


492 


57 


45 


115 


243 


169 


102 


3,479 


160 


Monthly 

950-Jan. 


133.8 


48.8 


5.3 


3.7 


5.2 


11.8 


7.4 


7.9 


224.0 


15.8 


Feb. 


131.2 


29.1 


3.8 


3.2 


7.4 


10.4 


7.7 


8.8 


201.6 


11.7 


Mar. 


158.6 


32.8 


4.2 


2.5 


8.3 


11.9 


8.4 


7.6 


234.3 


13.5 


Apr. 


139.3 


25.1 


4.3 


4.1 


7.3 


8.2 


15.8 


4.9 


209.0 


11.4 


May 


178.6 


53.3 


4.6 


4.8 


16.5 


17.8 


14.0 


7.2 


296.8 


15.8 


June 


178.9 


52.9 


3.7 


5.5 


9.1 


17.6 


15.0 


6.8 


289.4 


15.0 


July 


170.1 


31.9 


4.9 


4.3 


9.7 


19.4 


11.2 


4.1 


255.5 


14.8 


Aug. 


170.9 


41.4 


3.8 


2.0 


6.1 


18.2 


14.6 


6.1 


263.2 


13.8 


Sept. 


195.5 


34.6 


5.3 


3.6 


8.2 


15.8 


17.0 


4.9 


285.0 


10.8 


Oct. 


207.2 


45.9 


4.3 


4.9 


7.0 


23.5 


15.4 


5.9 


314.0 


16.4 


Nov. 


196.0 


39.7 


4.7 


2.9 


11.9 


25.4 


13.9 


6.6 


301.0 


12.3 


Dec. 


190.5 


36.2 


3.2 


2.6 


11.4 


20.7 


13.1 


4.4 


282.0 


11.3 


951-Jan. 


191.2 


40.0 


4.8 


3.9 


10.4 


16.2 


14.1 


10.8 


291.4 


17.3 


Feb. 


155.4 


33.0 


3.8 


1.2 


10.1 


14.6 


11.4 


7.8 


237.4 


11.7 


Mar. 


193.8 


38.9 


4.7 


3.6 


13.4 


14.5 


12.5 


9.9 


291.4 


8.4 


Apr. 


188.5 


43.8 


5.2 


6.5 


11.4 


17.8 


14.9 


15.2 


303.4 


16.2 


May 


206.2 


51.4 


6.3 


4.3 


9.2 


20.6 


18.0 


15.9 


331.9 


13.0 


June (6) 


191.6 


55.5 


5.8 


4.8 


6.5 


35.9 


12.4 


10.7 


323.2 


13.8 



MERCHANDISE IMPORTS 



(2)* 























Excess of 








TOTAL 


IMPORTS (EX< 






Merch- 






















andise 








U.K. 


Union 


Other 


Western 


Central 


All 


Total 


Exports 
over 




U.S.A. 


U. K. 


Dependen- 


of 


Sterling 


Europe & 


and 


Other 


All 


Merch- 






(2) 


cies 


South 
Africa 


Area 

(3) 


Colonies 
(4) 


South 
America 


(5) 


Countries 


andise 
Imports 


alendar Years 






















1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


514 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


225 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


489 


1949 


1,952 


306 


107 


4 


77 


83 


193 


39 


2,760 


263 


1950 


2,130 


403 


135 


5 


103 


114 


215 


68 


3,173 


17 


2 Mths. end'g 






















lay 1951 < 6 > 


2,544 


438 


162 


5 


119 


144 


251 


82 


3,744 


299 


Monthly 






















950-Jan. 


154.5 


26.1 


4.4 


.2 


6.2 


5.0 


12.4 


3.2 


211.9 


12.1 


Feb. 


143.1 


25.3 


4.2 


.2 


6.9 


5.9 


10.6 


3.9 


200.1 


1.5 


Mar. 


160.9 


32.7 


7.4 


.8 


6.1 


6.7 


18.3 


4.5 


237.3 


3.1 


Apr. 


162.2 


29.5 


5.7 


.2 


7.2 


6.4 


14.9 


4.7 


230.9 


21.9 


May 


195.5 


36.3 


16.0 


.6 


7.6 


8.8 


18.8 


6.5 


290.2 


6.6 


June 


188.3 


37.1 


13.4 


.4 


9.7 


10.1 


15.2 


8.3 


282.4 


6.9 


July 


170.6 


32.7 


12.6 


.3 


9.1 


9.8 


18.2 


6.1 


259.5 


3.9 


Aug. 


172.6 


34.3 


14.1 


.2 


7.3 


10.9 


21.9 


6.0 


267.3 


4.0 


Sept. 


177.4 


36.2 


14.7 


.6 


8.4 


11.0 


25.4 


6.0 


279.7 


5.3 


Oct. 


208.3 


41.6 


14.8 


.5 


12.2 


13.8 


22.0 


7.3 


320.5 


6.5 


Nov. 


214.8 


39.5 


16.0 


.8 


13.8 


15.3 


20.6 


6.5 


327.3 


26.3 


Dec. 


182.3 


32.0 


11.7 


.2 


8.3 


10.4 


16.2 


5.1 


266.3 


15.7 


951-Jan. 


233.3 


33.9 


12.5 


.2 


10.2 


9.5 


22.1 


5.4 


327.1 


35.7 


Feb. 


199.0 


27.8 


7.8 


.4 


6.7 


9.1 


17.0 


6.2 


274.2 


36.7 


Mar. 


245.7 


30.4 


12.2 


.5 


12.3 


11.4 


22.5 


7.4 


342.5 


51.1 


Apr. 


278.3 


48.9 


12.7 


.5 


9.2 


14.1 


22.2 


7.0 


393.0 


89.7 


May <« 


273.2 


43.2 


19.7 


.8 


11.6 


18.5 


27.3 


10.5 


404.7 


72.8 


June"' 


243.8 


39.9 














361.4 


38.2 



* Commencing April 1, 1949, external trade of Newfoundland is included 

and Canadian trade with Newfoundland, formerly in the "All Other" 

category, disappears. 
1) Includes exports of foreign produce. In the case of wheat, export figures 

are based on Board of Grain Commissioners rather than Customs data. 
'■) Imports from the United Kingdom do not include articles imported for 

the use of the armed forces of the United Kingdom. In the years 1946 and 



(3) 

(4) 
(5) 

(6) 



1947 articles admitted free under Order in Council (9213) and the item 

"Canadian Goods Returned" (9195) are excluded. 

Consists of Eire, India, Pakistan, Burma, Australia, New Zealand, Iceland, 

Ceylon and Iraq. Egypt is included in All Other. 

Excludes Spain, but includes Greece, Turkey, and British Sudan. 

Includes Egypt, Spain, Palestine, and also Newfoundland until March 31, 

1949. 

Preliminary. (7) Estimates. 



121 



JULY 1951 



Millions of Dollars 



XIII— MERCHANDISE IMPOR| 

Compiled from "Trade of Car\ 

(I' 





Fruits 
and 

Nuts 


Vegetables 


Grains 
and 

Milled 
Products 
(incl. rice) 


Sugar 

and 

Products 


Tea 

and 

Coffee 


Alcoholic 

Beverages 

(1) 


Vegetable 
Oils 
(non- 
edible) 


Rubber 
(incl. syn- 
thetic) 


Furs 


Hides 

and 

Leather 

(unmfd. 

and mfd.) 


(i, 
Vegi '. 

;i 
Am ; 
I'm. 


Calendar Years 
1929 


39 


11 


26 


28 


18 


47 


12 


23 


15 


20 




1932 


21 


5 


6 


17 


10 


17 


5 


4 


4 


6. 




1937 


29 


6 


18 


21 


14 


8 


16 


19 


8 


12 




1946 


118 


27 


20 


40 


26 


13 


12 


20 


27 


13 




1947 


100 


25 


36 


57 


35 


14 


23 


29 


22 


26 


' 1 


1948 


91 


8 


31 


72 


42 


16 


19 


32 


25 


19 


1 


1949 


96 


19 


26 


71 


50 


22 


21 


29 


20 


25 




1950 


113 


25 


39 


87 


71 


17 


31 


49 


22 


28 


! 


12-Mths. ending 

May 1951 


120 


27 


50 


90 


75 


18 


44 


80 


26 


33 


11 


Monthly 
1950— Jan. 


5.8 


1.9 


1.0 


2.0 


6.0 


1.6 


1.7 


3.0 


2.3 


2.3 


6 


Feb. 


7.3 


2.1 


1.0 


1.7 


5.1 


1.0 


1.9 


3.1 


2.3 


2.5 


5 


Mar. 


8.9 


2.5 


1.0 


4.5 


4.0 


1.0 


2.8 


3.0 


1.8 


2.7 


~ 


Apr. 


7.7 


2.8 


1.6 


3.1 


7.2 


1.0 


1.7 


3.1 


1.3 


2.0 


6 


May 


10.9 


4.1 


3.7 


10.7 


6.5 


1.0 


2.1 


3.1 


2.1 


1.9 


8 


June 


12.2 


4.3 


4.5 


9.1 


5.1 


1.4 


3.2 


2.8 


1.3 


1.7 


6 


July 


11.3 


2.2 


3.1 


7.6 


5.8 


1.1 


3.9 


2.8 


1.0 


1.4 


5 


Aug. 


10.9 


.3 


4.0 


8.2 


5.6 


1.2 


1.9 


4.1 


1.4 


1.9 


6. 


Sept. 


9.1 


.3 


4.5 


7.4 


6.8 


1.5 


2.0 


5.6 


2.2 


2.5 


i , 


Oct. 


9.7 


.8 


4.3 


15.0 


8.0 


1.5 


3.7 


4.6 


3.1 


3.2 


9. 


Nov. 


10.4 


1.4 


4.7 


11.2 


6.3 


2.3 


3.5 


6.3 


1.9 


3.3 


12. 


Dec. 


9.0 


1.7 


6.0 


6.6 


4.7 


2.2 


2.6 


7.2 


1.4 


2.8 


9. 


1951— Jan. 


9.3 


2.5 


2.3 


3.8 


6.7 


1.6 


4.0 


11.9 


4.7 


3.7 


10. 


Feb. 


8.0 


2.1 


1.9 


1.9 


5.8 


1.3 


2.9 


7.3 


3.1 


3.1 


9. 


Mar. 


9.8 


3.1 


2.9 


3.2 


7.4 


1.8 


3.8 


9.9 


2.6 


3.5 


12. 


Apr. 


10.1 


3.4 


5.3 


5.9 


6.6 


1.1 


6.6 


7.7 


2.4 


3.6 


11. 


May 


10.3 


4.6 


6.2 


10.4 


6.2 


1.0 


5.6 


9.4 


1.6 


2.8 


10. 




Chemicals 

and 

Allied 

Products 


Iron 
Ore 


Pigs, Ingots 
Blooms 

and 
Billets 


Bars and 

Rods incl. 

Rails 


Sheets, 

Plates, 

Hoop, Band 

and Strip 


Structural 

Iron and 

Steel 


Castings 

and 
Forgings 


Engines, 

Loco- 
motives 
and Boilers 


Farm 
Implements 

and 
Machinery 


Machinery 
(except 

agri- 
cultural) 


Mot | 

Vehk 

am 

Par 


Calendar Years 

1929 


40 


5 


3 


12 


37 


15 


6 


18 


32 


70 


8 


1932 


28 


- 


- 


1 


11 


1 


2 


6 


2 


16 


1 


1937 


37 


5 


1 


5 


37 


4 


3 


11 


17 


46 


4, 


1946 


93 


6 


1 


8 


38 


8 


7 


29 


68 


130 


10 


1947 


113 


13 


2 


12 


48 


18 


9 


44 


105 


206 


17; 


1948 


118 


16 


6 


12 


54 


18 


10 


50 


140 


217 


13: 


1949 


131 


12 


6 


13 


67 


18 


13 


59 


177 


216 


16' 


1950 


158 


17 


5 


11 


66 


16 


10 


55 


162 


226 


251 


12-Mths. ending 

May 1951 


183 


18 


10 


16 


86 


23 


11 


67 


164 


269 


291 


Monthly 

1950— Jan. 


11.0 


__ 


.1 


.5 


4.4 


1.2 


.7 


3.6 


13.1 


18.2 


15.', 


Feb. 


10.5 


- 


.1 


.6 


3.9 


1.3 


.5 


3.3 


13.3 


14.7 


18.: 


Mar. 


13.3 


- 


.1 


.7 


3.7 


1.2 


.5 


4.5 


17.7 


18.4 


19.^ 


Apr. 


11.9 


- 


.1 


.7 


4.2 


1.1 


.7 


4.3 


18.3 


18.5 


18.; 


May 


15.1 


.8 


.3 


.7 


6.2 


1.4 


.9 


6.4 


20.1 


21.8 


21.$ 


June 


14.5 


2.0 


.2 


1.1 


5.7 


1.3 


.7 


4.9 


15.8 


19.0 


26. ( 


July 


12.6 


2.5 


.4 


.9 


5.6 


1.3 


.7 


6.3 


13.0 


18.3 


22.i 


Vug. 


12.8 


2.5 


.4 


.7 


5.3 


1.2 


.7 


4.4 


13.7 


17.3 


19.< 


Sept. 


13.6 


3.3 


.7 


1.0 


6.3 


1.5 


1.0 


3.7 


8.9 


17.3 


20 .5 


Oct. 


14.8 


2.9 


.4 


1.7 


7.4 


1.8 


.8 


4.8 


9.6 


22.0 


23.; 


Nov. 


16.2 


2.2 


1.2 


1.5 


7.9 


1.8 


1.3 


4.3 


9.4 


21.9 


24. i 


Dec. 


11.9 


.5 


.8 


1.0 


5.6 


1.5 


.9 


4.2 


8.6 


19.0 


19.3 


1951— Jan. 


17.6 


_ 


1.0 


1.6 


7.4 


2.0 


.8 


6.3 


12.2 


25.7 


25 > 


Feb. 


14.0 


- 


.9 


1.1 


6.3 


1.7 


.6 


5.6 


13.5 


20.8 


24. 


Mar. 


17.4 


- 


1.9 


1.3 


8.6 


2.0 


.8 


7.1 


16.5 


26.0 


28.6 


Apr. 


18.8 


.4 


.9 


1.9 


10.6 


2.9 


1.1 


8.4 


21.2 


29.9 


.34. J 


May 


18.5 


1.3 


.8 


1.8 


9.7 


4.0 


1.3 


7.6 


21.5 


31.8 


30.6 



(1) Before 1935 import totals arc substantially over-valued owing to inclusion of U.K. excise taxes on spirits imported from that country. 
in Council (9213) and the item "Canadian Goods Returned" (9195) are excluded. 



f Imports from 



122 



IMODITY CLASSIFICATION 

ion Bureau of Statistics 
i) 



Millions of Dollars 



Cotton 


Silk 

(raw and 

mfd.) 


Wool 


Artificial 
Silk 


Flax, Hemp 
and Jute 


Other 
Textiles 


Paper 


Books and 
Printed 
Matter 


Other Wood 
and Wood 
Products 




d 


Mfd. 


Raw and 
Unmfd. 


Mfd. 






34 


29 


10 


40 


13 


15 


30 


15 


18 


30 


Calendar Years 
1929 




13 


10 


5 


11 


3 


6 


12 


7 


10 


6 


1932 




20 


8 


16 


19 


4 


11 


16 


8 


14 


12 


1937 




75 


4 


30 


35 


22 


23 


31 


19 


31 


20 


1946 




119 


7 


30 


54 


34 


38 


46 


23 


32 


35 


1947 




78 


4 


48 


67 


30 


27 


39 


17 


31 


25 


1948 




73 


6 


37 


63 


30 


20 


37 


20 


36 


30 


1949 




67 


8 


55 


52 


21 


26 


45 


23 


43 


34 


1950 




86 


9 


71 


76 


31 


26 


56 


29 


46 


44 


12-Mths. ending 

May 1951 




6.1 


.6 


3.0 


4.6 


1.8 


1.9 


3.8 


1.6 


3.2 


2.3 


Monthly 

Jan.— 1950 




5.4 


.6 


3.3 


4.1 


1.6 


2.1 


3.7 


1.7 


3.0 


2.7 


Feb. 




5.6 


.6 


4.3 


5.0 


1.8 


1.9 


3.9 


1.9 


3.7 


2.9 


Mar. 




6.0 


.5 


3.1 


3.9 


1.6 


2.4 


3.5 


1.8 


3.3 


2.4 


Apr. 




5.7 


.5 


4.2 


4.2 


1.6 


2.6 


4.0 


2.1 


3.7 


2.7 


May 




4.9 


.6 


5.1 


4.3 


1.4 


2.0 


3.0 


1.9 


3.2 


3.1 


June 




5.0 


.6 


4.9 


4.0 


1.4 


2.6 


3.0 


1.8 


3.2 


2.8 


July 




5.0 


.5 


5.5 


4.7 


1.7 


1.4 


3.2 


1.8 


3.6 


2.9 


Aug. 




4.8 


.6 


4.5 


4.2 


1.7 


2.3 


3.7 


1.9 


3.8 


2.9 


Sept. 




6.1 


.8 


5.2 


5.0 


2.1 


2.2 


4.8 


2.2 


4.2 


3.6 


Oct. 




6.5 


.9 


6.0 


4.4 


2.4 


2.4 


4.7 


2.5 


4.1 


3.4 


Nov. 




5.5 


.8 


6.0 


3.9 


2.0 


1.7 


3.5 


2.2 


3.4 


2.7 


Dec. 




9.8 


1.1 


2.6 


10.3 


3.1 


2.5 


5.4 


2.8 


4.2 


3.8 


Jan.— 1951 




8.6 


.8 


3.8 


9.5 


2.5 


1.3 


4.7 


2.6 


3.4 


3.9 


Feb. 




9.5 


.8 


4.7 


9.6 


3.5 


2.2 


6.4 


3.1 


4.1 


5.0 


Mar. 




11.9 


.7 


13.2 


9.0 


4.9 


2.8 


6.6 


3.0 


4.7 


5.0 


Apr. 




8.2 


.6 


9.7 


6.6 


4.0 


2.6 


6.8 


2.8 


4.2 


5.0 


May 







Tin 




Other 


Coal 


Petroleum 




Other 


All 


Totalf 






Bauxite 


and 


Electrical 


Non-ferrous 


and 


and 


Glass 


Non- 


Other 






Ore 


Products 


Apparatus 


Metals 


Products 


Products 




metallic 
Minerals 


Imports 


Imports 


























Calendar Years 




3 


3 


37 


48 


64 


77 


11 


35 


75 


1,299 


1929 




2 


1 


8 


11 


35 


43 


5 


13 


33 


453 


1932 




4 


3 


16 


25 


42 


59 


9 


27 


48 


809 


1937 




9 


6 


48 


58 


133 


123 


23 


53 


119 


1,864 


1946 




9 


7 


69 


77 


154 


207 


29 


63 


159 


2,570 


1947 




10 


8 


62 


76 


206 


301 


26 


73 


115 


2,636 


1948 




10 


8 


70 


87 


157 


274 


25 


79 


157 


2,760 


1949 




10 


10 


83 


113 


190 


307 


28 


86 


171 


3,173 


1950 

12-Mths. ending 




12 


16 


99 


131 


193 


340 


31 


98 


220 


3,744 


May 1951 
Monthly 




.3 


.4 


6.7 


9.1 


12.3 


16.1 


2.0 


5.1 


10.8 


211.9 


Jan.— 1950 




.1 


.3 


5.5 


7.2 


10.1 


15.2 


2.0 


4.6 


9.5 


200.1 


Feb. 




.2 


.9 


7.3 


' 10.4 


10.5 


20.5 


2.3 


5.5 


12.8 


237.3 


Mar. 




.3 


.6 


6.9 


7.3 


13.2 


15.9 


2.2 


5.9 


15.3 


230.9 


Apr. 




.6 


.6 


7.2 


8.4 


18.1 


29.6 


2.7 


7.9 


14.1 


290.2 


May 




.9 


.9 


6.8 


8.5 


18.1 


29.1 


2.3 


7.7 


13.7 


282.4 


June 




1.1 


.5 


5.7 


8.1 


16.1 


27.0 


2.2 


8.0 


13.5 


259.5 


July 




.9 


1.1 


6.4 


7.6 


18.3 


28.6 


2.2 


7.9 


16.6 


267.3 


Aug. 




1.7 


1.2 


6.5 


12.1 


19.5 


33.0 


2.3 


7.7 


15.0 


279.7 


Sept. 




1.5 


1.2 


8.0 


11.2 


21.2 


33.1 


2.7 


9.8 


17.5 


320.5 


Oct. 




1.7 


1.9 


8.3 


12.1 


19.8 


31.5 


3.0 


9.8 


18.2 


327.3 


Nov. 




.5 


.8 


7.2 


10.7 


13.2 


27.4 


2.3 


6.3 


14.2 


266.3 


Dec. 




.6 


1.1 


9.5 


11.3 


14.0 


27.1 


2.8 


7.3 


18.7 


327.1 


Jan.— 1951 




.5 


1.5 


7.8 


9.5 


13.1 


20.1 


2.2 


6.2 


16.4 


274.2 


Feb. 




.5 


2.3 


10.4 


14.4 


10.5 


23.7 


28 


7.3 


20.7 


342.5 


Mar. 




.8 


1.9 


11.4 


11.7 


12.7 


25.1 


3.4 


9.9 


26.4 


393.0 


Apr. 




1.2 


2.0 


11.0 


14.0 


16.8 


34.2 


3.1 


10.3 


29.0 


404.7 


May 



kingdom do not include articles imported for the use of the armed forces of the United Kingdom. In the years 1946 and 1947 articles free under Order in 



TATISTICAL SUMMARY 

BANK OF CANADA 



Tables 



Charts 



Pages 



I Bank of Canada : 

Liabilities and Assets 123-124 

General Public Holdings of Certain Liquid Assets .... 123 

Factors Affecting General Public Holdings of Certain Liquid Assets 124 

II Chartered Banks: 

Liabilities and Assets 125 - 126 

III General Public Holdings of Certain Liquid Assets: 

Currency, Bank Deposits and Government of Canada Securities . . . 125 - 126 
Resident and Non-Resident Holdings: Approximate Divisions . . . 127 

IV Foreign Exchange Rates 127 

V Security Prices: 

Government Bond Yields and Treasury Bill Rates: Canada, 

U.K. and U.S.A 128 

Yields of Government Bonds: Canada, U.K. and U.S.A. . . . 128 

VI Business Activity * 129 

VII Industrial Production 129 

VIII Wholesale Prices: Canada, U.K. and U.S.A 130 

IX Cost of Living 130 

X Retail Merchandise Trade 131 - 132 

New Passenger Automobile Retail Sales and Financing . . . 132 

XI Labour Force Status of Population 133 

Civilian Labour Force 134 

XII Employment Indexes 134 

XIII Grains: Acreage and Production 135 

Grains: Acreage and Production 136 

XIV Canadian Wheat : Statistical Position 136 

XV Merchandise Trade: Exports and Imports by Countries .... 137 

Merchandise Exports 138 

Merchandise Imports 138 

XVI Merchandise Exports: Commodity Classification 139 - 140 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 



Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



AUGUST 1951 



123 














AUGUST 1951 


Millions of Dollars 
















l— B;I 




LIABILITIES 




Chartered Bank Cash 








Active 

B. of C. 

Note 

Circulation 




Tell 
I.ial. 
( 
Ass, 








Govt, of 
Canada 
Deposits 


Other 
Deposits 


Foreign 
Currency 
Deposits'" 


All 

Other 

Accounts 




Notes 
in Tills 


Deposits 

at 
B.ofC. 


Total 


Average of 


















- 


Month-end Figures 




















1935—10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


2! 


1937—12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


3' 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


4> 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,8V 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,8! ; 


1947 


152.8 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,91 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,9". 


1949 


180.8 


567.7 


748.4 


98.4 


79.9 


57.4 


1,086.8 


38.7 


2,K 


1950 


192.3 


561.6 


753.9 


41.9 


206.2 


101.4 


1,100.9 


37.8 


2,* 


End of 




















1950— Apr. 


165.5 


551.6 


717.1 


41.3 


199.8 


91.5 


1,104.3 


27.8 


2,1( 


May 


210.6 


534.3 


745.0 


68.9 


202.7 


78.8 


1,065.3 


31.1 


2,1! 


June 


154.7 


544.5 


699.2 


35.3 


215.8 


89.6 


1,121.1 


40.5 


2,2( 


July 


200.3 


552.7 


753.0 


19.6 


228.9 


94.6 


1,093.9 


34.4 


2,2; 


Aug. 


220.2 


568.2 


788.3 


16.7 


233.1 


106.2 


1,083.6 


36.9 


2,2( 


Sept. 


179.3 


555.8 


735.1 


22.0 


258.2 


89.6 


1,139.1 


38.6 


2,2* 


Oct. 


211.8 


621.7 


833.5 


39.0 


235.2 


143.3 


1,110.0 


48.3 


2,4( 


Nov. 


204.1 


578.8 


782.9 


45.3 


221.0 


149.7 


1,119.4 


56.3 


2,3", 


Dec. 


231.3 


578.6 


809.9 


24.7 


207.1 


133.6 


1,136.1 


39.0 


2,35 


1951— Jan. 


219.6 


537.6 


757.3 


68.3 


204.4 


136.0 


1,074.8 


53.3 


2,2S 


Feb. 


202.8 


550.5 


753.3 


69.5 


204.6 


128.9 


1,092.6 


39.8 


2,28 


Mar. 


185.1 


552.9 


738.0 


70.5 


206.7 


88.5 


1,134.4 


28.7 


2,2(: 


Apr. 


203.1 


556.1 


759.2 


56.9 


215.1 


137.7 


1,119.9 


58.9 


2,34 


May 


214.8 


530.1 


744.8 


76.2 


221.5 


129.9 


1,122.7 


38.8 


2,33 


June 


177.1 


590.7 


767.8 


75.3 


220.1 


132.8 


1,174.2 


32.2 


2,40 


July 


226.0 


558.2 


784.2 


91.1 


212.6 


146.7 


1,144.5 


56.2 


2,43: 



(1) Includes foreign exchange items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March 31, 1949. -k May 1940 and si a 
gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to the Foreign Exchange Control 1 1 



GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETS 

BILLIONS OF DOLLARS BILLIONS OF DOLLARS 




* Total Currency and Active Bank Deposits plus Inactive Notice Deposits and Government of Canada Securities; see table and footnotes on 
pages 1 25- 126. 
t See table and footnotes on page 125. 



AUGUST 1951 
CANADA 



124 

Millions of Dollars 



ASSETS 






Silver 


Foreign (1) 
Exchange 


Securities 


Advances 


All 

Other 

Accounts 




d 


Govt, of Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 






Under 2 yrs. 


Over 2 yrs. 
























Average of 






















Month-end Figures 


?, 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935—10 Mths. 





2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937—12 Mths. 


8 


- 


41.7 

• 


142.8 

• 


46.2 
• 


- 


- 


189.1 

• 


.2 


6.7 


1939 




- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 




- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 




- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 




- 


.4 


1,133.3 


787.7 


25.0 


- 


1,946.0 


- 


26.7 


1948 




- 


53.1 


1,421.8 


571.9 


25.0 


4.3 


2,023.0 


- 


33.4 


1949 




- 


110.2 


1,503.3 


467.8 


25.0 


100.5 


2,096.6 


— 


35.4 


1950 

End of 




- 


86.2 


1,668.3 


371.0 


25.0 


5.5 


2,069.8 


- 


25.9 


Apr.— 1950 




- 


73.4 


1,685.7 


372.6 


25.0 


5.5 


2,088.8 


- 


29.5 


May 




- 


84.2 


1,436.7 


622.0 


25.0 


5.5 


2,089.2 


- 


28.2 


June 




- 


89.2 


1,431.0 


638.7 


25.0 


5.5 


2,100.2 


- 


35.1 


July 




- 


161.5 


1,420.4 


569.2 


25.0 


60.3 


2,074.9 


- 


28.5 


Aug. 




- 


212.3 


1,406.1 


444.6 


25.0 


170.0 


2,045.6 


- 


24.7 


Sept. 




- 


152.5 


1,381.4 


435.7 


25.0 


360.7 


2,202.9 


- 


54.0 


Oct. 




- 


127.4 


1,170.0 


662.0 


25.0 


328.1 


2,185.1 


- 


62.1 


Nov. 




- 


111.7 


1,229.3 


712.5 


25.0 


247.9 


2,214.7 


- 


24.0 


Dec. 




_ 


118.1 


1,171.0 


731.5 


25.0 


200.3 


2,127.7 


_ 


48.2 


Jan.— 1951 




- 


117.5 


1,165.4 


757.0 


25.0 


168.7 


2,116.1 


- 


55.1 


Feb. 






80.2 


1,341.9 


673.7 


25.0 


114.4 


2,155.1 




31.6 


Mar. 




- 


129.0 


1,327.6 


722.5 


25.0 


70.6 


2,145.7 


- 


73.0 


Apr. 




- 


125.4 


1,313.7 


777.3 


25.0 


45.3 


2,161.3 


- 


47.4 


May 




- 


117.0 


1,335.2 


846.3 


25.0 


58.8 


2,265.4 


- 


20.1 


June 




— 


117.0 


1,327.4 


872.5 


25.0 


51.4 


2,276.3 


— 


41.9 


July 



give effect to the enactment, under the War Measures Act. of the Foreign Exchange Acquisition Order and the Exchange Fund Order, 
at date the Bank's minimum gold reserve requirement has been suspended. 



Under these orders the Bank's 



FACTORS AFFECTING GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETS 

BILLIONS OF DOLLARS BILLIONS OF DOLLARS 







* See table and footnotes on page 126. 



125 




















AUGUST 1951 






















II— CHA 


Millions of Dollars 


















B 




LIABILITIES 






Notes 


Deposits 


Cash 

in (3) 
Canada 


Securities 




Demand 


Notice 


Govt, of 

Canada 

and Prov. 


Canadian 
Deposits 


Foreign 


Total 
Deposits 

(2) 


Govt, of 
Canada 


Prov- 
incial 


Foreign 
Govt. 





As at Dec. 31 


























1929 


175 


729 


1,434 


92 


2,270 


442 


2,820 


228 


297 


151 


1932 


127 


466 


1,378 


72 


1,928 


329 


2,306 


211 


562 


216 


1937 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


1,111 


59 


2 


1948 


16 


2,544 


4,057 


426 


7,099 


811 


8,002 


738 


2,959 


476 


242 


fi 


1949 


14 


2,426 


4,433 


367 


7,348 


730 


8,177 


753 


3,112 


445 


242 


fi 


1950 


-C6) 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 


5 


End of 


























1950— May 


- 


2,453 


4,557 


407 


7,504 


758 


8,372 


745 


3,185 


410 


243 


5 


June 


- 


2,538 


4,538 


371 


7,552 


745 


8,409 


699 


3,057 


407 


238 


5 


July 


- 


2,493 


4,529 


265 


7,389 


742 


8,233 


753 


3,017 


419 


225 


5. 


Aug. 


- 


2,618 


4,543 


412 


7,672 


728 


8,522 


788 


3,258 


416 


215 


5 


Sept. 


- 


2,709 


4,582 


306 


7,659 


709 


8,569 


735 


3,188 


424 


230 


5 


Oct. 


- 


2,822 


4,559 


358 


7,887 


706 


8,724 


834 


3,173 


404 


201 


5 


Nov. 


- 


2,824 


4,543 


452 


7,995 


716 


8,845 


783 


3,081 


416 


205 


5 


Dec. 


- 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 


5 


1951— Jan. 


- 


2,638 


4,577 


533 


7,884 


724 


8,739 


757 


3,054 


401 


188 


6 


Feb. 


- 


2,612 


4,618 


445 


7,841 


734 


8,702 


753 


2,887 


398 


190 


6 


Mar. 




2,487 


4,614 


523 


7,753 


719 


8,625 


738 


2,801 


373 


210 


61 


Apr. 


- 


2,725 


4,598 


360 


7,856 


749 


8,742 


759 


2,742 


368 


208 


& 


May 


- 


2,692 


4,589 


405 


7,829 


747 


8,718 


745 


2,720 


370 


190 


6 


June 


- 


2,578 


4,559 


455 


7,697 


763 


8,618 


768 


2,681 


366 


192 


5 


July 




2,675 


4,580 


403 


7,809 


753 


8,705 


784 


2,696 


356 


195 


5 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. (3) Until March 1935: Gold and Coin in Canada. 'A 

end Canadian deposits in 1926-35 and monthly average deposits in 1936 and after. (5) Bank of Canada notes in public circulation and chartered bank note circul 
outstanding notes issued for circulation in Canada transferred to Bank of Canada during January 1950. 



Millions of Dollars 



III— GENERAL PUBLIC HOLDIU 

Currency, Bank Deposits 

B, 





Currency and active Bank Deposits 






Currency 
Outside Banks 


Active Bank Deposits 


TcL 

Cun ( 

a 1 




Chartered Banks 


(7) 

Bank of 




























Notes <" 


Coin") 


Total 


(» 
Demand 


Active* 4 ' 
Notice 


Other' 6 ' 
excl. 
Govt. 


Total 


Deduct^ 
Float 


Net 
Total 


Canada 
"Other" 
Deposits 


Total 


Ac • 
Ba 

Dep • 














of Canada 












As at Dec. 31 


























1948 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


4,: 


1949 


1,110 


74 


1,184 


2,426 


682 


338 


3,446 


335 


3,111 


127 


3,238 


4,' 


1950 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,1 


End of 


























1950— May 


1,065 


73 


1,138 


2,453 


702 


348 


3,503 


365 


3,138 


203 


3,341 


4,' 


June 


1,121 


75 


1,196 


2,538 


699 


351 


3,588 


■ 475 


3,113 


216 


3,329 


4,!; 


July 


1,094 


75 


1,169 


2,493 


695 


318 


3,506 


355 


3,151 


229 


3,380 


4,!i 


Aug. 


1,084 


75 


1,159 


2,618 


696 


323 


3,637 


351 


3,286 


233 


3,519 


4,<| 


Sept. 


1,139 


77 


1,216 


2,709 


699 


389 


3,797 


352 


3,445 


258 


3,703 


4,$ 


Oct. 


1,110 


77 


1,187 


2,822 


695 


437 


3,954 


451 


3,503 


235 


3,738 


4,i| 


Nov. 


1,119 


77 


1,196 


2,824 


694 


419 


3,937 


476 


3,461 


221 


3,682 


4,(1 


Dec. 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,«l 


1951— Jan. 


1,075 


76 


1,151 


2,638 


702 


395 


3,735 


402 


3,333 


204 


3,537 


4,<|| 


Feb. 


1,093 


76 


1,169 


2,612 


709 


415 


3,736 


448 


3,288 


205 


3,493 


4,< 


Mar. 


1,134 


78 


1,212 


2,487 


711 


428 


3,626 


376 


3,250 


207 


3,457 


4,( 


Apr. 


1,120 


78 


1,198 


2,725 


709 


429 


3,863 


499 


3,364 


215 


3,579 


4,5 


May 


1,123 


79 


1,202 


2,692 


707 


398 


3,797 


467 


3,330 


222 


3,552 


4,- 


June 


1,174 


81 


1,255 


2,578 


707 


385 


3,670 


395 


3,275 


220 


3,495 


4,7! 


July 


1,145 


80 


1,225 


2,675 


709 


396 


3,780 


468 


3,312 


213 


3,525 


4,7 



-fa The term General Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings see Table III, page 127. 
+ Chartered banks' Newfoundland branch statistics are included as from 
1 April 1st. 1949. 
*-fr The whole of the increase or decrease in Canada's foreign exchange reserves 
is embodied in the related factors in this table; to the extent that such 
changes do not appear in the column "Bank of Canada Gold and Exchange 
Holdings (net)" they affect changes in "Government of Canada Direct 
and Guaranteed Funded Debt." 
(1) Note Circulation of Bank of Canada and. prior to 1950, of the chartered 
banks; excluding notes held by chartered banks. 



(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada and 
chartered banks in Canada. 

(3) Chartered banks' public demand deposits in Canada. 

(4) Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts and 
non-personal notice deposits. 

(5) Chartered banks' Canadian dollar deposits of provincial governments, 
and of Canadian, United Kingdom, and foreign banks. 

(6) Cheques on other banks as shown in chartered bank month-end returns 
to the Minister of Finance. 

(7) Other Deposits with the Bank of Canada as shown in published month-end 
statements — i.e. excluding Government of Canada, chartered bank and 
foreign currency deposits. 



AUGUST 1951 



126 



BANKS 

da 



SSETS 




Loans 






CANADA 


ABROAD 


Total 
Assets 


al 


Call 


Current 


Current 


Call 


Current 






Public 


Other 








18 


262 


1,403 


122 


245 


251 


3,521 


18 


103 


964 


140 


91 


152 


2,852 


11 


76 


749 


113 


60 


166 


3,281 


>8 


101 


2,077 


71 


78 


240 


8,580 


15 


133 


2,174 


97 


70 


211 


8,718 


56 


134 


2,651 


125 


100 


247 


9,496 


)8 


105 


2,234 


118 


87 


214 


8,912 


r6 


145 


2,293 


115 


90 


222 


8,950 


10 


94 


2,287 


98 


95 


223 


8,796 


re 


99 


2,294 


98 


95 


220 


9,102 


16 


101 


2,352 


121 


110 


233 


9,162 


19 


115 


2,449 


116 


117 


230 


9,323 


!0 


164 


2,611 


126 


96 


234 


9,450 


16 


134 


2,651 


125 


100 


247 


9,496 


18 


118 


2,671 


124 


113 


252 


9,379 


13 


109 


2,736 


136 


114 


256 


9,354 


16 


94 


2,856 


152 


96 


252 


9,284 


4 


87 


2,886 


161 


97 


271 


9,403 


16 


92 


2,896 


170 


99 


281 


9,370 


18 


82 


2,898 


164 


110 


281 


9,256 





84 


2,890 


153 


112 


285 


9,323 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in (3) 
Canada 


Deposits 


Canadian 


Note (5) 




(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


711 


6,547 


10.9 


1,053 


1948 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


742 


7,394 


10.0 


1,070 


May— 1950 


724 


7,419 


9.8 


1,071 


June 


755 


7,433 


10.1 


1,084 


July 


781 


7,369 


10.6 


1,082 


Aug. 


734 


7,557 


9.7 


1,096 


Sept. 


812 


7,786 


10.4 


1,107 


Oct. 


779 


7,881 


9.9 


1,111 


Nov. 


792 


7,847 


10.1 


1,131 


Dec. 


802 


7,890 


10.2 


1,079 


Jan.— 1951 


728 


7,766 


9.4 


1,083 


Feb. 


748 


7,655 


9.8 


1,103 


Mar. 


770 


7,734 


10.0 


1,106 


Apr. 


756 


7,731 


9.8 


1,110 


May 


768 


7,702 


10.0 


1,125 


June 


807 


7,761 


10.4 


1,139 


July 



?s and "Free" Central Gold Reserve Deposits: after that date: Bank of Canada Notes and Deposits. (4) Figures given are averages of estimated month- 

er being, since September 1944, an approximate figure only. (6) Notes issued for circulation outside Canada only commencing in January 1950: liability for 



CERTAIN LIQUID ASSETS*t 

tNMENT OF CANADA SECURITIES 

la 



Millions of Dollars 





Govt, of 

Canada 

Securities 


Total 


Related Factors** 




ive 


Govt, of Canada Direct and Guaranteed Funded Debt (9) 


Bank< 13 > 
Loans 


Bk.ofCan 


Deduct 




red 

k 

e 


Held by Bk. of Can. & Ch. Bks. 


Held by Other Investors 






Deduct^" 






Deduct 




& Non- 


Exchange 


All 
Other 
(Net) 

(14) 




its 


(9)(10)(12) 




Total 

(10) 


Govt, of 
Canada 


Net 
Total 


Total 


Securities 
held by all 


Net 
Total 


Invest- 


Holdings 
(Net) 












Deposits 






Govt. A ccts 




































As at Dec. 31 


i 


10,249 


17,992 


4,972 


320 


4,652 


11,506 


1,257 


10,249 


3,341 


- 


250 


1948 


1 


9,904 


18,077 


5,121 


181 


4,940 


10,700 


796 


9,904 


3,419 


- 


186 


1949 


I 


10,069 


18,781 


5,021 


280 


4,741 


10,916 


847 


10,069 


3,950 


226 


205 


1950 


5 


9,711 


18,045 


5,243 


215 


5,028 


10,495 


784 


9,711 


3,461 


_ 


155 


End of 
Mav-1950 


J 


9,869 


18,233 


5,116 


160 


4,956 


10,665 


796 


9,869 


3,559 


- 


151 


June 


1 


9,819 


18,202 


5,087 


68 


5,019 


10,631 


812 


9,819 


3,502 


- 


138 


July 


i 


9,840 


18,366 


5,248 


204 


5,044 


10,646 


806 


9,840 


3,521 


116 


155 


Aug. 


I 


10,020 


18,822 


5,039 


1 


5,038 


10,835J 


815 


10,020t 


3,618 


293 


147 


Sept. 


1 


9,966 


18,755 


4,990 


108 


4,882 


10,804 


838 


9,966 


3,681 


370 


144 


Oct. 


) 


10,184 


18,912 


4,913 


253 


4,660 


11,046 


862 


10,184 


3,921 


306 


159 


Nov. 


I 


10,069 


18,781 


5,021 


280 


4,741 


10,916 


847 


10,069 


3,950 


226 


205 


Dec. 


5 


10,099 


18,662 


4,956 


344 


4,612 


10,947 


848 


10,099 


3,943 


182 


174 


Jan. — 1951 


J 


10,076 


18,647 


4,809 


266 


4,543 


10,922 


846 


10,076 


4,022 


157 


151 


Feb. 


3 


10,023 


18,595 


4,817 


295 


4,522 


10,868 


845 


10,023 


4,101 


106 


157 


Mar. 


1 


9,967 


18,632 


4,792 


161 


4,631 


10,820 


853 


9,967 


4,133 


62 


161 


Apr. 


1 


9,908 


18,543 


4,811 


226 


4,585 


10,772 


864 


9,908 


4,159 


41 


150 


May 


I 


9,814 


18,416 


4,863 


252 


4,611 


10,689 


875 


9,814 


4,133 


43 


185 


June 


1 


9,742 


18,363 


4,896 


248 


4,648 


10,626 


884 


9,742 


4,101 


22 


150 


July 



(8) 



(9) 



[10) 



Estimated aggregate minimum quarterly balances in chartered banks' 

personal savings deposits in Canada plus non-personal notice deposits in 

Canada. (11) 

Direct and guaranteed securities (including refundable taxes). Direct 

debt includes both matured and unmatured issues outstanding, exclusive (12) 

of sinking fund holdings; guaranteed debt is included on the basis of the 

total unmatured issues outstanding; Newfoundland debt assumed by (13) 

the Government of Canada has been included since June 1949. Foreign 

pay securities have been valued at official mid-rates of exchange to 

September 30. 1950. and at market rates thereafter. 

Chartered banks' temporary advances to the general public in connection (14) 

with the purchase of Victory Loan Bonds at time of issue, amounting to J 

166, 261, 271, and 411 in the years 1942 to 1945 inclusive, have been 



included in bank holdings of Government securities and deducted from 

holdings of the general public. 

Canadian dollar deposits of the Government of Canada at chartered 

banks and Bank of Canada. 

Holdings of all investors other than Bank of Canada, chartered banks 

and Government of Canada accounts. 

All loans in Canada of the chartered banks other than temporary advances 

in connection with Victory Loan issues, plus chartered banks' holdings 

of provincial, municipal and "other" securities, and Bank of Canada 

holdings of Industrial Development Bank Capital stock. 

Net of all related asset and liability items not shown elsewhere in this table. 

Excludes $50 million (U.S. funds) borrowed in New York to redeem an 

issue falling due on October 1st, 



127 



AUGUST 1951 



T 



III— GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETSf 

Resident and Non-Resident Holdings : Approximate Division 



Millions of Dolla 


rs 








Bank o 


f Canada 
















Total Currency 

and Active 
Bank Deposits 


Inactive Chartered 

Bank Notice 

Deposits 


Government of 
Canada Securities 


Total 




Resi- 
dent 


Non- 
Resi- 
dent 


Total 


Resi- 
dent 


Non- 
Resi- 
dent 


Total 


Resi- 
dent 


Non- 
Resi- 
dent 


Total 


Resi- 
dent 


Non- 
Resi- 
dent 


Total 


As at December 31 


























1938 


1,042 


89 


1,131 


1,352 


120 


1,472 


1,817 


1,411 


3,228 


4,211 


1,620 


5,831 


1939 


1,211 


159 


1,370 


1,435 


109 


1,544 


1,881 


1,398 


3,279 


4,527 


1,666 


6,193 


1940 


1,480 


83 


1,563 


1,350 


88 


1,438 


2,394 


1,276 


3,670 


5,224 


1,447 


6,671 


1941 


1,825 


76 


1,901 


1,345 


88 


1,433 


3,053 


1,109 


4,162 


6,223 


1,273 


7,496 


1942 


2,260 


89 


2,349 


1,346 


90 


1,436 


4,349 


995 


5,344 


7,955 


1,174 


9,129 


1943 


2,627 


99 


2,726 


1,542 


112 


1,654 


6,181 


1,003 


7,184 


10,350 


1,214 


11,564 


1944 


3,031 


122 


3,153 


1,939 


121 


2,060 


8,096 


1,035 


9,131 


13,066 


1,278 


14,344 


1945 


3,365 


149 


3,514 


2,255 


136 


2,391 


10,166 


1,144 


11,310 


15,786 


1,429 


17,215 


1946 


3,755 


241 


3,996 


2,701 


155 


2,856 


10,084 


1,091 


11,175 


16,540 


1,487 


18,027 


1947 


3,731 


213 


3,944 


2,994 


149 


3,143 


9,710 


1,053 


10,763 


16,435 


1,415 


17,850 


1948 


4,121 


214 


4,335 


3,277 


131 


3,408 


9,091 


1,158 


10,249 


16,489 


1,503 


17,992 


1949 


4,174 


248 


4,422 


3,621 


130 


3,751 


8,664 


1,240 


9,904 


16,459 


1,618 


18,077 


1950 


4,447 


404 


4,851 


3,708 


153 


3,861 


8,703 


1,366 


10,069 


16,858 


1,923 


18,781 


Month-end 


























1950— June 


4,182 


343 


4,525 


3,703 


136 


3,839 


8,657 


1,212 


9,869 


16,542 


1,691 


18,233 


Sept. 


4,446 


473 


4,919 


3,747 


136 


3,883 


8,618 


1,402 


10,020 


16,811 


2,011 


18,822 


Dec. 


4,447 


404 


4,851 


3,708 


153 


3,861 


8,703 


1,366 


10,069 


16,858 


1,923 


18,781 


1951— Mar.* 


4,282 


387 


4,669 


3,760 


143 


3,903 


8,622 


1,401 


10,023 


16,664 


1,931 


18,595 


June** 


4,360 


390 


4,750 


3,709 


143 


3,852 


8,428 


1,386 


9,814 


16,497 


1,919 


18,416 



t For footnotes see Table III, pages 125-126. * Revised. ** Preliminary. 



IV— FOREIGN EXCHANGE RATES 

Bank of Canada 



Cents per unit 




OFFICIA1 


L RATES 










U. S. Dollar in Canada 


£ Sterling in Canada 




Buying 


Selling 


Mid-rate 


Buying 


Selling 


Mid-rate 


1939 - Sept. 16(D 

1945 - Oct. 15(D 

1946 - July 6d) 
1949 - Sept. 20O) 


110.00 
110.00 
100.00 
110.00 


111.00 
110.50 
100.50 
110.50 


110.50 
110.25 
100.25 
110.25 


443.00 
443.00 
402.00 
307.25 


447.00 
445.00 
404.00 
308.75 


445.00 
444.00 
403.00 
308.00 



MARKET RATESt 





U. S 


. Dollar in Canada 


£ Sterling in Canada 




High 


Low 


Noon aver. 


High 


Low 


Noon aver. 


Business Days 














1950— Oct. 


107.00 


104.56 


105.34 


299.60 


292.78 


294.96 


Nov. 


104.84 


103.25 


104.03 


293.50 


289.25 


291.23 


Dec. 


106.00 


104.59 


105.31 


296.75 


293.00 


294.86 


1951— Jan. 


105.94 


104.75 


105.17 


296.50 


293.50 


294.46 


Feb. 


105.38 


104.41 


104.92 


295.00 


292.44 


293.82 


Mar. 


105.25 


104.44 


104.73 


294.75 


292.50 


293.29 


Apr. 


106.81 


104.94 


105.99 


299.19 


293.88 


296.74 


May 


106.94 


105.38 


106.37 


299.50 


295.13 


297.89 


June 


107.31 


106.63 


106.94 


300.50 


298.50 


299.41 


July 


106.63 


105.53 


106.05 


298.50 


295.38 


296.90 


Aug. 


105.94 


105.09 


105.56 


296.50 


294.13 


295.46 



* Rates established by the Government commencing from the institution of exchange control on Sept. 16, 1939. 
(1) Dates on which official rates were established or changed, 
t Commencing Oct. 2, 1950, official rates of exchange were discontinued; market rates are quotations for transactions between banks in the exchange market. 



AUGUST 1951 



128 



GOVERNMENT BOND YIELDS AND TREASURY BILL RATES 

Bank of Canada 





Government of Canada 






Theoreticals* 






15th of Each Month 




15 Yr. 


9 Yr. 


5 Yr. 


2 Yr. 




Bond 


Bond 


Bond 


Bond 


nual Average 

1946 


2.61 


2.32 


1.69 


1.39 


1947 


2.57 


2.25 


1.75 


1.43 


1948 


2.93 


2.72 


2.27 


1.44 


1949 


2.83 


2.64 


2.24 


1.66 


1950 


2.78 


2.67 


2.22 


1.81 


Monthly 
50— Feb. 


2.73 


2.60 


2.16 


1.73 


Mar. 


2.73 


2.60 


2.16 


1.72 


Apr. 


2.77 


2.63 


2.18 


1.73 


Mav 


2.75 


2.61 


2.17 


1.74 


June 


2.73 


2.59 


2.10 


1.74 


July 


2.77 


2.67 


2.14 


1.77 


Aug. 


2.75 


2.64 


2.15 


1.74 


Sept. 


2.71 


2.62 


2.17 


1.76 


Oct. 


2.75 


2.68 


2.22 


1.83 


Nov. 


2.88 


2.84 


2.42 


2.02 


Dec. 


2.99 


2.97 


2.55 


2.17 


51— Jan. 


3.02 


3.00 


2.63 


2.26 


Feb. 


3.02 


3.00 


2.60 


2.27 


Mar. 


3.25 


3.21 


2.89 


2.70 


Apr. 


3.24 


3.20 


2.75 


2.48 


May- 


3.24 


3.18 


2.62 


2.28 


June 


3.25 


3.15 


2.62 


2.35 


J^y 


3.23 


3.16 


2.64 


2.38 


Aug. 


3.24 


3.16 


2.64 


2.36 



Long Term 




Market Yields 


Average of Business Days 


Canada' 1 ' 


U.K.") 


U.S.A.") 


2.63 


2.52 


2.15 


2.59 


2.61 


2.20 


2.93 


2.82 


2.41 


2.85 


2.93 


2.24 


2.77 


3.19 


2.24 


2.72 


3.25 


2.14 


2.72 


3.31 


2.18 


2.75 


3.23 


2.21 


2.72 


3.21 


2.23 


2.73 


3.14 


2.25 


2.77 


3.23 


2.26 


2.75 


3.21 


2.26 


2.70 


3.14 


2.29 


2.77 


3.05 


2.31 


2.87 


3.05 


2.32 


2.97 


3.12 


2.35 


3.01 


3.12 


2.32 


3.01 


3.26 


2.33 


3.17 


3.28 


2.48 


3.21 


3.35 


2.59 


3.20 


3.43 


2.69 


3.24 


3.55 


2.70 


3.21 


3.53 


2.66 


3.22 


3.53 


2.58 



Tender Rates on 3 Month 


Treasury Bills 


Tender nearest 15th of Month 


Canada 


U.K. 


U.S.A. 


.388 


.505 


.375 


.406 


.507 


.592 


.411 


.509 


1.037 


.485 


.521 


1.096 


.552 


.516 


1.215 


.513 


.524 


1.131 


.512 


.525 


1.131 


.513 


.512 


1.160 


.514 


.513 


1.165 


.512 


.514 


1.177 


.512 


.512 


1.168 


.546 


.513 


1.173 


.615 


.514 


1.311 


.623 


.514 


1.337 


.624 


.513 


1.380 


.626 


.519 


1.351 


.626 


.511 


1.391 


.728 


.513 


1.391 


.755 


.512 


1.402 


.755 


.511 


1.529 


.755 


.512 


1.626 


.754 


.512 


1.467 


.771 


.512 


1.615 


.786 


.513 


1.660 



ayable in Canada only. (1) Government of Canada 3% due Sept. 1, 1961-06. (2) United Kingdom 3% due Apr. 15, 1959-69. 
U.S. Treasury 2)4% due Dec. 15, 1963-68, is not elegible for commercial banks before Dec. 1, 1952. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS 

Daily Opening Quotations 



CANADA, U.K. AND U.S.A. 



PERCENT 

2.2 




SEPT. OCT 

1950 



APR MAY 

1951 



* Security is not eligible for commercial banks before Dec. 1, 1952. 



129 



AUGUST 1951 



VI— BUSINESS ACTIVITY 











Dominion 


Bureau of Statistics 












Production 


Res- 
idential 

Con- 
struction 


Car 

Loadings 


Value 

of 

Department 


Employ- 
ment 
Index 

(3) 


Aggregate 
Payrolls 










News- 


Central 


Index 

(i) 




Gold 


Nickel 


Steel 


print 


Electric 
Stations"' 


Contracts 
Awarded 




Store Sales 


Unadjusted 


Unadjusted 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 




Millions 








Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 


Thousands 


of Dollars 


1939 = 100 


1939 = 100 


AnnualTotalsM! 






















1932 


3,044 


15 


380 


2,186 


12,296 


29 


2,180 


254 


(5) 


(5) 


"1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


289 


(5) 


(5) 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


158.3 


245.2 


1948 


3,530 


132 


3,202 


4,983 


40,607 


373 


4,060 


803 


165.0 


282.9 


1949 


4,124 


129 


3,187 


5,176 


42,103 


464 


3,907 


855 


165.5 


303.7 


1950 


4,448 


123 


3,384 


5,279 


46,085 


542 


3,906 


873 


168.0 


321.8 


12-mths. ending 






















July 1951 


4,438* 


128* 


3,520* 


5,449 


50,013 


501 


4,104 


906 


170.1 


354.6 


Monthly 






















1950— Apr. 


369.7 


11.2 


279.3 


422.8 


3,656 


43.0 


292 


67.5 


159.0 


303.8 


May 


373.8 


11.0 


290.9 


459.9 


3,804 


54.2 


338 


73.7 


159.7 


305.8 


June 


368.9 


10.8 


276.4 


441.0 


3,706 


63.7 


354 


69.3 


166.0 


315.3 


July 


368.4 


9.3 


264.2 


439.3 


3,715 


74.2 


332 


54.8 


170.8 


328.3 


Aug. 


376.5 


_ 7.7 


281.3 


466.4 


3,849 


48.5 


275 


61.4 


172.5 


332.5 


Sept. 


364.9 


11.7 


274.9 


437.6 


3,852 


56.3 


363 


78.3 


174.1 


328.0 


Oct. 


376.8 


10.3 


293.9 


456.4 


4,102 


54.8 


385 


83.8 


177,1 


346.6 


Nov. 


378.8 


11.9 


289.5 


456.7 


4,143 


44.0 


369 


98.2 


178.1 


351.7 


Dec. 


383.1 


10.3 


291.2 


430.6 


4,241 


28.5 


314 


118.9 


179.2 


356.2 


1951— Jan. 


374.5 


10.9 


309.7 


453.0 


4,368 


16.0 


331 


58.3 


175.3 


338.2 


Feb. 


347.1 


9.6 


281.4 


425.1 


3,982 


25.0 


294 


58.4 


172.3 


351.5 


Mar. 


372.4 


11.6 


314.8 


473.0 


4,395 


32.0 


336 


72.6 


172.3 


353.8 


Apr. 


363.1 


10.5 


312.0 


447.6 


4,227 


49.8 


337 


75.2 


173.3 


357.8 


May 


369.4 


12.4 


313.3 


485.7 


4,407 


52.0 


380 


76.6 


175.6 


367.9 


June 


362.6 


11.8 


293.5 


464.3 


4,242 


50.3 


370 


69.5 


180.3 


379.0 


July 








452.5 


4,205 


43.8 


350 


54.5 


183.4 


391.7 



(1) Source; Newsprint Association of Canada. Includes Newfoundland. (2) Total output less exports and secondary power. Includes Newfoundland 

commencing January 1950. (3) 9 Leading industries. First of month figures. (4) Average of months in case of Employment and Payrolls Indexes. 

*12-months ending June 1951. (5) Not available. 



VII— INDUSTRIAL PRODUCTION 



in 



Index 1935-39 = 100 






Dominion 


Bureau of Statistics 














Non-Due 


able Manufactures 


Durable Manufactures 


Total 
Manufac- 
tures 




Total 




Mining 














Electric 
Power 


Industrial 
Produc- 
tion 




Foods & 
Beverages 


Clothing 


Total 


Iron & 
Steel < 2 > 


Transpor- 
tation 
Equipment 


Total 


Aver, of mths. 






















1937 


105.0 


102.0 


103.5 


105.8 


115.7 


121.2 


113.9 


108.8 


105.6 


108.0 


1941 


134.5 


136.3 


144.9 


140.4 


221.3 


298.7 


205.1 


164.2 


127.9 


157.2 


1946 


103.3 


174.6 


130.5 


163.0 


187.3 


215.9 


179.3 


169.0 


159.2 


159.2 


1947 


112.7 


184.3 


134.0 


174.2 


211.9 


240.0 


208.4 


186.8 


172.5 


175.5 


1948 


127.9 


188.9 


139.2 


179.0 


221.2 


236.4 


214.6 


192.1 


170.2 


181.5 


1949 


133.6 


189.3 


142.5 


179.8 


220.3 


245.2 


217.6 


193.8 


178.7 


184.3 


1950 


147.5 


192.6 


138.2 


187.9 


226.1 


269.8 


241.2 


207.6 


194.4 


198.3 


12mthsaver.end'g 






















June 1951 


154.4f 


195.8 


141.3 


194.3 


245.1 


301.3f 


264.9 


220.3 


209.7 


210.6 


Monthly 






















1950— Mar. 


144.7 


183.8 


141.8 


183.0 


216.9 


253.8 


231.6 


200.9 


183.8 


191.8 


Apr. 


143.0 


188.7 


145.1 


185.0 


216.2 


256.1 


223.7 


199.2 


190.2 


190.8 


May 


140.4 


198.1 


142.0 


188.8 


223.1 


271.3 


237.7 


206.8 


203.3 


197.4 


June 


147.6 


205.3 


131.4 


192.7 


224.3 


298.1 


254.0 


215.3 


207.4 


205.3 


July 


146.1 


199.9 


131.2 


187.5 


220.7 


300.5 


240.1 


200.9 


206.1 


198.5 


Aug. 


136.2 


197.3 


125.2 


183.6 


214.1 


221.7 


225.6 


199.0 


200.1 


190.5 


Sept. 


153.3 


196.5 


133.9 


193.3 


233.1 


279.1 


250.5 


214.4 


195.5 


204.5 


Oct. 


158.8 


202.6 


142.1 


197.4 


243.8 


290.4 


263.5 


221.7 


191.8 


210.7 


Nov. 


162.1 


197.8 


145.6 


196.7 


248.7 


263.0 


262.6 


221.0 


192.0 


210.6 


Dec. 


154.6 


193.5 


145.6 


194.2 


242.5 


275.2 


263.1 


219.6 


201.0 


209.2 


1951— Jan. 


158.3 


180.4 


140.4 


189.3 


252.6 


309.6 


269.8 


218.9 


211.3 


210.0 


Feb. 


157.6 


184.5 


146.4 


193.9 


249.4 


340.0 


276.4 


224.3 


210.3 


214.0 


Mar. 


156.5 


194.5 


148.5 


197.4 


252.6 


358.0 


280.3 


227.9 


216.0 


217.1 


Apr. 


153.8 


197.0 


1 19.8 


199.3 


263.5 


340.4 


278.5 


228.5 


229.2 


218.2 


May* 


167.4 


202.6 


148.5 


202.5 


261.7 


339.5 


282.4 


231.9 


236.2 


223.4 


June* 




202.9 


137.8 


196.6 


258.5 




285.4 


229.3 


226.8 


220.8 



(1) Physical volume of Production. Seasonally adjusted indexes, 
t 12 months average ending May 1951. 



(2) Primary iron and steel, iron castings and wire products. 



* Preliminary. 



AUGUST 1951 



130 



VIII— WHOLESALE PRICES 

Index 1935-39 = 100 
CANADA 

Dominion Bureau 
of Statistics 



U.S.A. 


U.K. 


Bureau 


Board of 


of Labor Statistics^ 


Trade*-" 





Farm Products* 


Raw& 


Fully & 












Partly 


Chiefly 


Total 










Manu- 


Manu- 




Fieldf 


Animal 


Total f 


factured 


factured 




Average of Months 

1926 


158.5 


130.2 


144.4 


129.1 


133.0 


130.3 


1932 


60.4 


70.5 


65.5 


75.5 


92.8 


86.9 


1937 


128.9 


106.0 


107.4 


113.7 


104.4 


107.7 


1946 


177.9 


181.2 


179.5 


140.1 


138.0 


138.9 


1947 


184.1 


200.2 


192.2 


164.3 


162.4 


163.3 


1948 


200.6 


263.7 


232.1 


196.3 


192.4 


193.4 


1949 


191.9 


265.4 


228.7 


197.1 


199.2 


198.3 


1950 


184.6 


281.4 


233.0 


212.8 


211.0 


211.2 


Monthly 
1950— Apr. 


194.7 


268.0 


22 1.3 


202.3 


203.1 


202.5 


May 


195.4 


272.8 


234.1 


206.9 


204.2 


204.7 


June 


197.7 


289.1 


243.4 


214.6 


207.1 


209.2 


July 


197.2 


296.4 


246.8 


218.8 


209.3 


212.0 


Aug. 


174.2 


298.5 


236.3 


221.2 


213.7 


215.7 


Sept. 


172.6 


297.1 


234.9 


226.0 


221.6 


222.6 


Oct. 


170.2 


286.8 


228.5 


220.0 


220.8 


220.0 


Nov. 


170.3 


290.5 


230.4 


221.9 


223.2 


222.4 


Dec. 


170.6 


298.4 


234.5 


225.1 


225.7 


225.2 


1951— Jan. 


173.5 


310.9 


242.2 


231.1 


233.6 


232.3 


Feb. 


177.9 


329.6 


253.7 


237.1 


240.0 


238.5 


Mar. 


181.2 


347.2 


264.2 


238.8 


244.1 


241.8 


Apr. 


181.6 


331.6 


256.6 


238.6 


244.9 


242.2 


May 


177.0 


336.1 


256.5 


238.9 


244.4 


241.9 


June 


174.4 


353.1 


263.8 


242.9 


243.7 


242.7 


July 


177.8 


358.9 


268.3 


242.5 


246.6 


244.2 



Farm 
Products 


Raw 
Materials 


Manu- 
factured 
Products 


Total 


131.6 


130.2 


120.8 


124.1 


63.4 


71.7 


84.9 


80.4 


113.7 


110.4 


105.3 


107.1 


195.5 


175.1 


139.9 


149.9 


238.1 


215.4 


176.1 


188.5 


247.9 


232.4 


192.5 


204.9 


217.7 


213.2 


182.6 


192.2 


224.3 


224.6 


189.4 


200.4 


209.6 


211.6 


180.4 


189.7 


216.7 


216.5 


183.8 


193.4 


218.3 


218.4 


185.4 


195.2 


231.6 


228.9 


190.8 


202.1 


233.7 


233.2 


194.7 


206.5 


237.4 


236.7 


198.1 


210.3 


233.9 


234.6 


197.5 


209.8 


241.7 


240.2 


199.4 


213.0 


246.6 


243.6 


204.0 


217.5 


255.5 


250.8 


209.1 


223.4 


266.6 


259.2 


211.8 


227.8 


268.2 


259.6 


212.3 


228.3 


266.4 


257.4 


212.7 


227.8 


262.6 


254.6 


212.8 


226.9 


261.3 


253.5 


212.1 


225.6 


255.3 


247.1 


211.5 


222.7 



Total 



124.8 
86.2 
109.5 
176.4 
193.2 
220.9 
231.7 
264.7 

251.4 
257.0 
258.7 
262.0 
265.9 
274.0 
281.5 
291.0 
294.4 

302.1 
307.8 
315.8 
321.0 
322.0 
323.3 
322.4 



Adjusted to 1935-39 - 100 from base 1926 = 100. 

Adjusted to 1935-39 = 100 from base 1913 = 100 in the years 1926 to 1929 inclusive and from base 1930 = 100 thereafter. 

An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. Participation 

payments are included and the series revised whenever such payments are announced. t Revised from Aug. 1945 to July 1950 to include final five-year 

contract payment for wheat. 



Index 1935-39 = 100 



IX— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


1949 


203.0 


131.1 


183.1 


123.0 


167.6 


128.8 


160.8 


1950 


210.9 


138.3 


182.3 


132.9 


169.2 


132.6 


166.5 


First of Month 
















1950— Feb. 


201.3 


135.9 


183.0 


125.0 


166.4 


132.1 


161.6 


Mar. 


204.0 


136.3 


181.4 


132.7 


166.3 


132.1 


163.7 


Apr. 


204.5 


138.0 


181.2 


132.7 


166.4 


132.3 


164.0 


May 


204.6 


137.5 


180.8 


132.7 


166.4 


132.3 


164.0 


June 


209.0 


137.1 


180.7 


132.7 


166.9 


132.4 


165.4 


July 


214.3 


137.7 


180.7 


134.9 


166.9 


132.5 


167.5 


Aug. 


216.7 


138.4 


180.9 


134.9 


168.9 


132.5 


168.5 


Sept. 


218.8 


140.8 


182.3 


135.5 


171.1 


132.8 


169.8 


Oct. 


220.1 


141.0 


183.5 


135.5 


172.7 


133.3 


170.7 


Nov. 


218.6 


140.6 


184.5 


136.4 


174.8 


133.4 


170.7 


Dec. 


218.8 


140.7 


184.9 


136.4 


176.4 


134.1 


171.1 


1951— Jan. 


220.2 


141.5 


187.1 


136.4 


179.8 


135.8 


172.5 


Feb. 


224.4 


141.7 


192.4 


136.4 


185.1 


137.0 


175.2 


Mar. 


233.9 


146.5 


196.3 


137.6 


188.6 


137.8 


179.7 


Apr. 


238.4 


146.7 


198.8 


137.6 


190.7 


138.8 


181.8 


May 


235.4 


146.2 


201.5 


137.6 


194.9 


140.7 


182.0 


June 


239.8 


146.2 


202.5 


139.8 


197.1 


141.0 


184.1 


July 


249.7 


147.2 


202.9 


139.8 


197.4 


142.2 


187.6 


Aug. 


251.4 


148.2 


204.6 


139.8 


199.0 


143.7 


188.9 



* Components were selected and weighted on the basis of 1938 family incomes ranging from $450-$2,500, with incomes between $l,00O-$l,600 most common. 



131 



Millions of Dollars 



-RETAIL MERCHANDISE TRADE* 

Dominion Bureau of Statistics 



AUGUST 1951 





Grocery 

& Comb- 
ination 

Stores 


Meat 
Stores 


Country 
General 
Stores 


Depart- 
ment 
Stores 


Variety 
Stores 


Motor 
Vehicle 
Dealers 


Garages 
& Filling 
Stations 


Men's 

Clothing 

Stores 


Family 

Clothing 

Stores 


Women's 

Clothing 

Stores 


Shoe 
Stores 


Annual Total 
























1941 


567 


80 


213 


378 


85 


360 


205 


80 


74 


71 


44 


1947 


1,086 


103 


442 


707 


136 


746 


380 


154 


147 


141 


85 


1948 


1,255 


170 


477 


803 


156 


834 


440 


165 


159 


168 


91 


1949 


1,337 


176 


479 


855 


164 


1,030 


483 


172 


157 


181 


95 


1950 


1,415 


178 


477 


873 


171 


1,392 


547 


165 


152 


169 


96 


12-months ending 
























June 1951 


1,519 


189 


507 


906 


180 


1,626 


579 


173 


158 


176 


100 


Monthly 
























1950— Jan. 


101.9 


13.3 


29.1 


49.7 


8.5 


75.4 


31.2 


9.6 


8.6 


10.1 


4.9 


Feb. 


102.5 


13.1 


28.1 


50.2 


9.0 


92.6 


32.2 


8.7 


7.0 


8.9 


4.5 


Mar. 


114.2 


14.0 


33.1 


67.3 


10.9 


118.2 


38.8 


11.0 


9.9 


12.9 


6.2 


Apr. 


115.1 


14.6 


34.4 


67.5 


13.6 


117.2 


41.0 


14.0 


12.9 


15.4 


9.3 


May 


115.8 


14.3 


42.5 


73.7 


13.8 


124.0 


48.1 


13.6 


12.9 


14.9 


9.0 


June 


127.5 


15.1 


43.2 


69.3 


14.5 


1.33.7 


51.7 


15.2 


13.4 


15.8 


10.2 


July 


121.1 


14.0 


44.3 


54.8 


13.4 


140.6 


53.8 


12.6 


11.5 


12.9 


7.5 


Aug. 


119.7 


14.8 


45.0 


61.4 


12.6 


126.2 


59.5 


11.3 


10.5 


12.3 


7.0 


Sept. 


124.5 


15.7 


44.6 


78.3 


14.1 


125.4 


53.4 


13.6 


13.2 


14.3 


9.0 


Oct. 


116.8 


15.7 


42.1 


83.8 


14.0 


118.4 


49.9 


14.9 


14.8 


14.7 


7.5 


Nov. 


118.8 


15.4 


42.5 


98.2 


15.1 


114.9 


44.3 


16.5 


15.7 


14.4 


8.6 


Dec. 


137.4 


18.3 


48.3 


118.9 


31.6 


105.8 


43.7 


24.6 


21.7 


22.8 


12.4 


1951— Jan. 


110.3 


14.8 


32.1 


58.3 


9.6 


114.2 


38.7 


10.7 


9.7 


11.2 


5.6 


Feb. 


115.8 


14.3 


31.9 


58.4 


9.7 


133.6 


37.1 


9.5 


8.0 


9.2 


5.2 


Mar. 


138.3 


16.8 


38.3 


72.6 


14.5 


162.9 


44.5 


14.1 


11.8 


14.8 


7.6 


Apr. 


125.2 


15.3 


39.1 


75.2 


13.2 


166.6 


45.0 


13.6 


12.5 


15.3 


8.5 


May 


135.9 


16.6 


49.3 


76.6 


15.9 


160.9 


53.8 


15.0 


14.1 


16.3 


10.0 


June 


149.0 


17.6 


49.6 


69.5 


16.6 


156.6 


55.5 


16.8 


14.3 


17.9 


10.8 







Lumber & 






















Hardware 
Stores 


Building 
Material 
Dealers 


Furniture 
Stores 


Appliance 
& Radio 
Dealers 


Restau- 
rants 


Coal & 

Wood 

Dealers 


Drug 
Stores 


Jewellery 
Stores 


Tobacco 
Stores 


All Other 
Trades 


Total 
All 

Trades 


Annual Total 
























1941 


73 


80 


64 


46 


127 


99 


101 


38 


43 


609 


3,437 


1947 


168 


208 


141 


99 


271 


157 


171 


69 


77 


1,424 


6,971 


1948 


184 


253 


148 


111 


297 


179 


187 


71 


81 


1,612 


7,839 


1949 


194 


278 


149 


131 


321 


179 


200 


74 


85 


1,687 


8,428 


1950 


192 


294 


153 


142 


322 


203 


201 


72 


86 


1,785 


9,088 


12-months ending 
























June 1951 


205 


310 


157 


150 


330 


204 


211 


73 


89 


1,891 


9,733 


Monthly 
























1950— Jan. 


9.8 


14.5 


9.0 


9.0 


22.5 


20.2 


15.6 


3.7 


6.6 


101.9 


555.1 


Feb. 


9.5 


13.7 


9.6 


9.4 


21.8 


19.1 


15.2 


3.8 


6.3 


100.4 


565.4 


Mar. 


11.6 


16.8 


11.2 


11.5 


24.3 


19.4 


16.4 


4.4 


6.8 


126.9 


685.8 


Apr. 


14.1 


18.6 


11.9 


11.4 


25.6 


12.6 


16.1 


4.6 


7.3 


142.0 


719.2 


May 


18.9 


26.6 


14.1 


13.2 


27.5 


10.7 


16.2 


5.0 


7.3 


158.1 


780.2 


June 


19.1 


32.0 


13.4 


11.8 


28.3 


12.3 


16.4 


5.4 


7.6 


159.9 


815.7 


July 


18.0 


29.7 


12.2 


11.6 


30.0 


13.3 


15.4 


5.2 


6.9 


160.7 


789.6 


Aug. 


18.3 


33.7 


13.6 


10.7 


30.5 


17.3 


16.1 


5.9 


6.5 


177.6 


810.3 


Sept. 


18.3 


29.6 


14.9 


13.6 


29.2 


19.8 


17.2 


6.5 


7.0 


160.7 


828.8 


Oct. 


17.8 


30.9 


14.1 


13.3 


28.2 


19.6 


16.9 


5.7 


7.0 


149.0 


795.1 


Nov. 


16.6 


27.4 


13.1 


11.6 


27.1 


18.8 


16.3 


5.8 


7.0 


153.5 


801.6 


Dec. 


20.0 


19.8 


16.3 


14.9 


26.9 


19.8 


23.4 


15.8 


10.1 


188.6 


941.0 


1951— Jan. 


12.0 


19.8 


10.9 


11.0 


24.6 


22.4 


17.1 


4.2 


6.7 


122.1 


671.9 


Feb. 


11.2 


17.0 


10.6 


11.2 


21.9 


21.1 


17.7 


3.8 


6.7 


114.5 


668.4 


Mar. 


13.3 


18.6 


12.5 


13.7 


26.2 


17.4 


18.4 


4.8 


7.4 


152.8 


821.3 


Apr. 


17.1 


23.1 


13.2 


15.7 


25.9 


11.4 


16.7 


4.7 


7.6 


150.2 


814.9 


May 


21.3 


29.6 


12.8 


12.5 


29.7 


10.7 


17.8 


4.8 


7.8 


174.0 


885.3 


June 


20.7 


30.8 


13.0 


10.0 


30.2 


12.5 


18.0 


5.8 


8.6 


181.1 


905.0 



* The 1941-47 change in sales of sample stores within each category was applied to the 1941 sales of all stores within that category in order to arrive at 1947 
estimates. Monthly estimates from 1948 to 1951 were obtained by applying the monthly percentage change, of sample store sales, from the same month of the 
previous year, to the estimated total value of retail sales for the corresponding mouth of the previous year. Excludes Newfoundland, Northwest Territories 
and Yukon. 



AUGUST 1951 



132 



X 



Millions of Dollars 



RETAIL MERCHANDISE TRADE : PROVINCIAL DISTRIBUTION* 

Dominion Bureau of Statistics 





Mari- 
times 


Quebec 


Ontario 


Manitoba 


Saskat- 
chewan 


Alberta 


British 
Columbia 


Canada 


Annual Total 


















1941 


283 


819 


1,407 


211 


187 


221 


310 


3,437 


1947 


553 


1,636 


2,687 


429 


399 


489 


779 


6,971 


1948 


593 


1,809 


3,022 


493 


459 


592 


871 


7,839 


1949 


614 


1,891 


3,235 


556 


519 


673 


940 


8,428 


1950 


649 


2,044 


3,514 


597 


522 


712 


1,050 


9,088 


12-months ending 


















June 1951 


681 


2,185 


3,780 


652 


550 


765 


1,121 


9,733 


Monthly 


















1950— Jan. 


40.8 


126.1 


224.7 


33.4 


27.4 


41.5 


61.3 


555.1 


Feb. 


39.9 


125.5 


230.3 


33.8 


25.4 


43.2 


67.4 


565.4 


Mar. 


51.2 


155.2 


262.2 


42.6 


36.9 


55.7 


82.0 


685.8 


Apr. 


41.5 


164.5 


278.8 


46.3 


38.7 


56.6 


82.8 


719.2 


May 


60.0 


178.8 


299.2 


44.8 


48.4 


59.8 


89.2 


780.2 


June 


57.1 


186.3 


317.0 


51.0 


48.5 


61.3 


94.6 


815.7 


July 


55.5 


175.2 


303.1 


55.0 


44.6 


60.2 


95.9 


789.6 


Aug. 


56.7 


172.2 


298.1 


57.4 


58.9 


69.1 


97.9 


810.3 


Sept. 


57.1 


184.7 


318.3 


55.7 


52.7 


65.7 


94.6 


828.8 


Oct. 


54.4 


176.4 


302.6 


57.1 


50.3 


63.6 


90.7 


795.1 


Nov. 


54.1 


186.6 


307.5 


57.4 


44.7 


64.0 


87.3 


801.6 


Dec. 


71.0 


213.0 


372.0 


62.1 


45.5 


70.8 


106.6 


941.0 


1951— Jan. 


47.7 


145.6 


273.7 


42.0 


• 31.6 


53.4 


77.9 


671.9 


Feb. 


45.0 


143.5 


274.5 


42.1 


29.9 


51.9 


81.4 


668.4 


Mar. 


58.0 


190.1 


333.4 


51.1 


33.5 


60.1 


95.2 


821.3 


Apr. 


57.1 


187.8 


313.3 


55.0 


42.6 


66.0 


93.3 


814.9 


May 


60.9 


204.2 


334.9 


59.1 


59.4 


69.3 


97.5 


885.3 


June 


63.1 


205.2 


349.0 


58.4 


56.3 


70.4 


102.6 


905.0 



Excludes Newfoundland, Northwest Territories and Yukon. 



NEW PASSENGER AUTOMOBILE RETAIL SALES AND FINANCING 



THOUSANDS OF AUTOMOBILES 



THOUSANDS OF AUTOMOBILES 



40 



30 



20 



10 



PERCENTAGE. OF RETAIL SALES 

PERCENT FINANCED' PERCENT 

40 



MONTHLY TOTALS 




RETAIL SALES FINANCED BY 

SALES FINANCE AND ACCEPTANCE 

COMPANIES 



40 



30 



20 



JFMAMJJASONDJFMAMJJASONDJFMAMJJASONO 
1949 1950 1951 



(1) By sales finance and acceptance companies. 



133 



Thousands of Persons 



AUGUST 1951 



XI— LABOUR FORCE STATUS OF POPULATION! 

14 YEARS OF AGE AND OVER 

Dominion Bureau of Statistics 









NOT IN LABOUR 


FORCE 




ARMEDC3) 
FORCES 




CIVILIAN LABOUK 


FORCE! n 






Keeping 
House 


Going to 
School 


Retired or 

Voluntarily 
Idle 


AHOther(2) 


Total 


With Jobs 


Unem-d) 
ployed 






Agriculture 


Non- 


Total 


Total 




















Agriculture 








1931— June 


1 


* 


* 


* 


* 


2,934 


5 


1,203 


2,427 


3,630 


475 


4,105 


1932— " 




* 


* 


* 


* 


2,998 


5 


1,223 


2,209 


3,432 


733 


4,165 


1933— " 




* 


* 


* 


* 


3,059 


5 


1,243 


2,168 


3,411 


817 


4,228 


1934— " 




* 


* 


* 


* 


3,121 


5 


1,263 


2,403 


3,666 


624 


4,290 


1935— " 




* 


* 


* 


* 


3,185 


5 


1,284 


2,452 


3,736 


618 


4,354 


1936— " 




* 


* 


* 


* 


3,248 


6 


1,304 


2,548 


3,852 


565 


4,417 


1937— " 




* 


* 


* 


* 


3,309 


6 


1,324 


2,746 


4,070 


406 


4,476 


1938— " 




* 


* 


* 


* 


3,374 


7 


1,344 


2,678 


4,022 


516 


4,538 


1939— " 




* 


* 


* 


* 


3,437 


9 


1,364 


2,711 


4,075 


523 


4,598 


1940— " 




* 


* 


* 


* 


3,497 


107 


1,329 


2,809 


4,138 


418 


4,556 


1941— " 




* 


* 


* 


* 


3,552 


296 


1,210 


3,014 


4,224 


193 


4,417 


1942— " 




* 


* 


* 


* 


3,381 


492 


1,127 


3,258 


4,385 


134 


4,519 


1943— " 




* 


* 


* 


* 


3,275 


716 


1,107 


3,340 


4,447 


75 


4,522 


1944— " 




* 


* 


* 


* 


3,349 


779 


1,126 


3,319 


4,445 


62 


4,507 


1945— " 




* 


* 


* 


* 


3,509 


736 


1,134 


3,277 


4,411 


72 


4,483 


1946— June 


1 


2,712 


579 


292 


307 


3,890 


125 


1,274 


3,428 


4,702 


126 


4,828 


Aug. 


31 


2,753 


41 


705' 6 > 


316 


3,815 


65 


1,317 


3,543 


4,860 


117 


4,977 


Nov. 


9 


2,815 


588 


304 


311 


4,018 


48 


1,071 


3,662 


4,733 


115 


4,848 


1947— Mar. 


1 


2,919 


635 


359 


317 


4,230 


39 


931 


3,634 


4,565 


141 


4,706 


May 


31 


2,822 


600 


300 


296 


4,018 


35 


1,163 


3,658 


4,821 


91 


4,912 


Aug. 


16 


2,869 


19 


701' 6 ' 


301 


3,890 


34 


1,299 


3,709 


5,008 


73 


5,081 


Nov. 


8 


2,901 


592 


296 


280 


4,069 


33 


1,068 


3,779 


4,847 


87 


4,934 


1948— Feb. 


21 


2,966 


641 


324 


302 


4,233 


34 


965 


3,704 


4,669 


156 


4,825 


June 


5 


2,905 


584 


315 


284 


4,088 


36 


1,186 


3,762 


4,948 


82 


5,030 


Sept. 


4 


2,939 


71 


762< 6 > 


279 


4,051 


37 


1,247 


3,795 


5,042 


67 


5,109 


Nov. 


20 


3,009 


618 


329 


273 


4,229 


38 


986 


3,872 


4,858 


106 


4,964 


1949— Mar. 


5 


3,081 


652 


364 


274 


4,371 


41 


956 


3,744 


4,700 


199 


4,899 


June 


4 


2,988 


586 


342 


264 


4,180 


45 


1,123 


3,895 


5,018 


103 


5,121 


Aug. 


20 


3,045 


* 


765< 6 > 


* 


4,090 


45 


1,235 


3,920 


5,155 


98 


5,253 


Oct. 


29 


3,133 


625 


365 


287 


4,410 


46 


1,048 


4,005 


5,053 


147 


5,200 


1950— Mar. 


4 


3,170 


666 


451 


284 


4,571 


47 


940 


3,856 


4,796 


312 


5,108 


June 


3(6) 


2,954 


610 


380 


258 


4,202 


47 


1,073 


4,010 


5,083 


150 


5,233 


Aug. 


19 


3,220 


* 


890 < 6 > 


* 


4,393 


47 


1,151 


4,070 


5,221 


103 


5,324 


Nov. 


4 


3,195 


658 


437 


260 


4,550 


60 


969 


4,115 


5,084 


117 


5,201 


1951— Mar. 


3 


3,204 


674 


463 


287 


4,628 


66 


849 


4,151 


5,000 


172 


5,172 


June 


2 


3,169 


652 


448 


253 


4,522 


82 


1,016 


4,231 


5,247 


85 


5,332 



REGIONAL DISTRIBUTION OF CIVILIAN LABOUR FORCE 

EMPLOYED UNEMPLOYED 





Mar.C) 


Que. 


Ont. 


Prairies 


B.C. 


Total 


Mar.CV) 


Que. 


Ont. 


Prairies 


B.C. 


Total 


1946— June 1 
Aug. 31 
Nov. 9 


414 
423 
421 


1,289 
1,330 
1,322 


1,618 
1,673 
1,654 


1,007 

1,041 

944 


374 
393 
392 


4,702 
4,860 
4,733 


21 
20 
20 


44 
42 
31 


33 
36 
34 


15 

11 
19 


13 

8 

11 


126 
117 
115 


1947— Mar. 1 
May 31 
Aug. 16 
Nov. 8 


411 
408 
430 
421 


1,277 
1,319 
1,348 
1,353 


1,605 
1,708 
1,769 
1,726 


888 

972 

1,022 

937 


384 
414 
439 
410 


4,565 
4,821 
5,008 
4,847 


21 
21 
15 
17 


46 
28 
23 
22 


40 
24 
19 
22 


21 

* 

* 
13 


13 

* 

* 
13 


141 
91 
73 

87 


1948— Feb. 21 
June 5 
Sept. 4 
Nov. 20 


400 
417 
434 
424 


1,300 
1,366 
1,384 
1,360 


1,663 
1,758 
1,772 
1,725 


905 
981 

1,012 
926 


401 

426 
440 
423 


4,669 
4,948 
5,042 

4,858 


25 
15 
11 
18 


48 
26 
20 
30 


40 
23 
19 
25 


23 

8 

* 

19 


20 

10 

* 

14 


156 
82 
67 

106 


1949— Mar. 5 
June 4 
Aug. 20 
Oct. 29 


403 
426 
443 
516 


1,318 
1,399 
1,422 
1,393 


1,695 
1,788 
1,838 
1,761 


883 

965 

1,002 

956 


401 

440 
450 
427 


4,700 
5,018 
5,155 
5,053 


25 
18 
14 
36 


67 
36 
36 

44 


56 
28 
28 
37 


29 

11 

9 

17 


22 
10 
11 
13 


199 

103 

98 

147 


1950— Mar. 4 
June 3( 6 ) 
Aug. 19 
Nov. 4 


474 
522 
531 
505 


1,309 
1,387 
1,434 
1,409 


1,706 
1,797 
1,835 
1,793 


902 
955 
989 
958 


405 
422 
432 
419 


4,796 
5,083 
5,221 
5,084 


64 
40 
18 
29 


102 
51 
38 
39 


73 
32 
23 

24 


43 
15 
14 
13 


30 
12 
10 
12 


312 
150 
103 
117 


1951— Mar. 3 

June 2 


504 
536 


1,392 
1,452 


1,777 
1,856 


920 
972 


407 
431 


5,000 
5,247 


33 

* 


60 
30 


36 

20 


22 
10 


21 

* 


172 
85 



t Excluding inmates of institutions. Newfoundland included in estimates 
from Oct. 29, 1949. 

(1) Civilian non-institutional population with jobs or without jobs and seeking 
work. 

(2) Includes those permanently unable or too old to work. 

(3) Excludes civilian personnel employed by the Department of National Defence. 



(4) 
(5) 
(6) 



(7) 



Without jobs and seeking work. 

Includes students on vacation. 

The June survey was not taken in Manitoba due to flood conditions. The 

Civilian Labour Force includes an estimate for Manitoba; persons "Not 

in the Labour Force" excludes Manitoba. 

Newfoudland included in estimates from Oct. 29, 1949. * Not available. 



AUGUST 1951 



134 



Index 1939 = 100 



XII— EMPLOYMENT INDEXES* 

Dominion Bureau of Statistics 





Forestry 
(chiefly 
logging) 








Trans- 






Finance, 








Mining 


Manu- 
facturing 


Con- 
struction 


portation & 
Communi- 
cations 


Public 
Utilities 


Trade 


Insurance, 

Real 

Estate 


Services 


Total 


Aver, of Months 

1947 


237.7 


94.2 


171.0 


138.1 


159.6 


139.1 


146.2 


134.9 


166.4 


158.3 


1948 


220.0 


103.4 


176.0 


153.8 


165.7 


161.3 


156.0 


141.4 


174.4 


165.0 


1949 


158.9 


106.4 


175.9 


161.2 


167.3 


181.3 


162.0 


147.4 


175.9 


165.5 


1950 (1) 


160.2 


112.2 


177.5 


165.0 


167.2 


183.6 


167.2 


155.3 


177.7 


168.0 


First of Monti) 

1949— Aug. 


125.7 


109.2 


176.7 


188.4 


174.9 


192.0 


160.5 


147.4 


188.0 


168.9 


Sept. 


121.3 


110.6 


179.1 


191.1 


174.6 


193.7 


160.7 


147.7 


186.5 


170.2 


Oct. 


134.7 


109.7 


178.7 


190.3 


172.6 


189.2 


165.3 


150.2 


178.4 


170.5 


Nov. 


172.6 


110.1 


177.0 


186.0 


169.5 


186.8 


168.3 


150.3 


175.7 


170.3 


Dec. 


185.7 


109.8 


175.2 


179.4 


168.6 


186.1 


175.2 


150.6 


174.9 


170.1 


1950— Jan. 


179.9 


107.4 


171.0 


143.2 


163.1 


182.3 


176.1 


151.0 


172.7 


163.8 


Feb. 


144.3 


107.8 


170.4 


131.4 


157.2 


178.8 


160.6 


151.5 


171.4 


158.3 


Mar. 


135.3 


108.2 


171.5 


127.7 


156.3 


175.8 


160.2 


152.4 


168.4 


157.9 


Apr. 


119.7 


109.0 


172.0 


134.1 


159.5 


175.6 


161.0 


154.0 


171.3 


159.0 


May 


80.1 


109.2 


172.5 


145.5 


161.8 


177.2 


162.4 


154.1 


174.3 


159.7 


June 


116.3 


111.7 


175.3 


172.7 


167.9 


183.7 


163.6 


154.5 


178.9 


166.0 


July 


147.2 


114.8 


178.6 


184.7 


171.5 


188.9 


165.3 


155.6 


186.3 


170.8 


Aug. 


149.4 


115.1 


179.6 


190.8 


175.6 


193.4 


164.6 


156.1 


188.2 


172.5 


Sept. 


161.9 


115.0 


182.5 


194.4 


171.4 


191.7 


165.7 


155.7 


187.9 


174.1 


Oct. 


193.4 


115.6 


185.6 


189.2 


175.1 


186.7 


170.5 


159.5 


182.5 


177.1 


Nov. 


233.7 


116.0 


185.4 


185.8 


173.9 


185.5 


174.2 


159.9 


176.7 


178.1 


Dec. 


260.5 


116.8 


185.3 


180.4 


173.1 


183.3 


181.8 


159.6 


173.4 


179.2 


L951— Jan. 


256.0 


115.1 


182.4 


158.1 


168.1 


179.8 


184.4 


159.8 


172.9 


175.3 


Feb. 


248.3 


114.9 


184.5 


145.1 


165.0 


180.1 


169.5 


160.8 


173.3 


172.3 


Mar. 


244.1 


114.7 


186.3 


139.7 


165.7 


178.3 


168.1 


161.7 


172.5 


172.3 


Apr. 


208.0 


114.7 


188.8 


141.9 


166.7 


179.4 


170.9 


167.5 


172.9 


173.3 


May 


167.9 


115.0 


189.9 


163.4 


171.5 


183.2 


171.0 


170.8 


175.9 


175.6 


June 


185.3 


116.6 


191.8 


177.5 


175.0 


189.7 


172.8 


171.0 


180.2 


180.3 



* As reported by establishments with not less than 15 employees. Includes casual and part-time employees. 
[1) As reported, first of month, for the last pay period in the previous month. 

CIVILIAN LABOUR FORCE 

DISTRIBUTION OF LABOUR FORCE PERCENTAGE DISTRIBUTION OF LABOUR FORCE 

THOUSANDS OF PERSONS AS AT JUNE I PERCENT 

6000 [ 



5000 



4000 




3000 



2000 




AGRICULTURE EMPLOYME 



&i 

1931 



1946 



m 

1951 



1931 



(1) Civilian non-institutional population, 14 years of age and over, with jobs or seeking work. 

(2) Without jobs and seeking work. 



^0 

1951 



135 



AUGUST 1951 



XIII— GRAINS : ACREAGE AND PRODUCTION : 1942-51 

Dominion Bureau of Statistics 



WHEAT 



mm. bus. [mm. acres 



OATS 



mm. bus. mm. acres 



BARLEY 



mm. bus. mm. acres 



RYE 



mm. bus. 'mm. acres 



FLAXSEED 



mm. bus. 'mm. acres 



OTHER GRAINS 



mm. bus. mm. acres 



(2) 
SUMMER 

I'AI LOW 



mm. acres 















TOTAL 


CANADA 














1942 


556.7 


21.6 


652.0 


13.8 


259.2 


7.0 


24.7 


1.3 


15.0 


1.5 


88.2 


2.3 


20.0 


67.4 


1943 


284.5 


16.9 


482.0 


15.4 


215.6 


8.4 


7.1 


.6 


17.9 


2.9 


49.7 


2.0 


20.6 


66.8 


1944 


416.6 


23.3 


499.6 


14.3 


194.7 


7.3 


8.5 


.6 


9.7 


1.3 


74.7 


2.0 


19.4 


68.3 


1945 


318.5 


23.4 


381.6 


14.4 


157.8 


7.4 


5.9 


.5 


7.6 


1.1 


62.5 


2.0 


19.9 


68.5 


1946 


413.7 


24.5 


371.1 


12.1 


148.9 


6.3 


8.8 


.7 


6.4 


.8 


68.6 


1.8 


20.4 


66.6 


1947 


341.8 


24.3 


278.7 


11.0 


141.4 


7.5 


13.2 


1.2 


12.3 


1.6 


46.8 


1.6 


19.4 


66.6 


1948 


386.3 


23.9 


358.8 


11.2 


155.0 


6.5 


25.3 


2.1 


17.7 


1.9 


78.4 


2.0 


20.0 


67.5 


L949 


371.4 


27.6 


317.9 


11.4 


120.4 


6.0 


10.0 


1.2 


2.3 


.3 


73.1 


2.1 


21.0 


69.6 


1950 


461.7 


27.0 


419.9 


11.6 


171.4 


6.6 


13.3 


1.2 


4.7 


.6 


92.0 


2.1 


21.0 


70.1 


1951f 


581.7 


25.7 


497.4 


12.1 


250.8 


8.0 


19.8 


1.1 


9.8 


1.1 


* 


2.3 


20.3 


70.7 



MANITOBA 



1942 


53.0 


1.9 


70.0 


1.5 


74.0 


2.0 


3.6 


.2 


2.0 


.2 


2.3 


.1 


2.4 


8.3 


1943 


39.0 


1.6 


63.0 


1.6 


68.0 


2.3 


.8 


.1 


2.8 


.3 


2.2 


.1 


2.3 


8.4 


1944 


50.3 


2.5 


61.0 


1.6 


54.7 


2.1 


.6 


- 


1.8 


.2 


1.9 


.1 


1.8 


8.4 


1945 


38.8 


2.1 


54.5 


1.7 


52.5 


2.1 


.4 


- 


2.8 


.3 


1.3 


.1 


2.5 


8.8 


1946 


58.0 


2.5 


50.0 


1.4 


43.0 


1.7 


.3 


_ 


3.0 


.3 


.8 


_ 


2.6 


8.6 


1947 


42.0 


2.5 


39.0 


1.4 


34.0 


1.9 


.6 


- 


5.2 


.6 


.6 


- 


2.2 


8.6 


1948 


50.0 


2.2 


60.0 


1.5 


45.0 


1.5 


2.0 


.1 


9.0 


1.0 


.7 


- 


2.1 


8.4 


1949 


52.0 


2.9 


53.0 


1.7 


40.0 


1.7 


.8 


- 


1.1 


.1 


1.0 


- 


2.2 


8.7 


1950 


50.0 


2.4 


70.0 


1.6 


55.0 


1.7 


1.3 


.1 


2.9 


.3 


1.2 


.1 


2.6 


8.7 


1951f 


47.0 


2.4 


57.0 


1.7 


52.0 


2.0 


.7 


— 


4.8 


.6 


* 


— 


2.1 


8.9 



SASKATCHEWAN 



1942 


305.0 


12.4 


255.0 


4.9 


92.0 


2.5 


15.0 


.8 


10.5 


1.1 


2.5 


.1 


11.7 


33.4 


1943 


146.0 


9.6 


200.0 


6.5 


80.0 


3.3 


3.8 


.3 


11.5 


2.1 


1.9 


.1 


12.0 


33.9 


1944 


242.1 


13.2 


198.0 


5.6 


72.0 


2.7 


4.8 


.4 


6.4 


.9 


3.8 


.1 


1 1 .6 


34.6 


1945 


168.1 


13.6 


143.0 


5.7 


54.5 


2.7 


2.6 


.3 


3.8 


.7 


1.4 


.1 


11.7 


34.7 


1946 


208.0 


14.2 


100.0 


4.3 


43.0 


2.3 


4.0 


.4 


2.6 


.5 


.2 


_ 


11.8 


33.6 


1947 


173.0 


14.2 


80.0 


4.0 


45.0 


2.8 


6.8 


.7 


4.2 


.7 


.1 


- 


11.5 


33.9 


1948 


191.0 


14.4 


89.0 


3.7 


42.0 


2.3 


10.5 


1.2 


4.7 


.6 


.1 


- 


11.7 


33.9 


1949 


186.0 


15.7 


85.0 


3.4 


33.0 


1.8 


4.4 


.7 


.7 


.1 


.1 


- 


12.7 


34.4 


1950 


260.0 


16.2 


112.0 


3.4 


46.0 


2.0 


6.2 


.7 


1.0 


.2 


.1 


- 


12.5 


34.9 


1951f 


337.0 


15.8 


143.0 


3.6 


78.0 


2.6 


10.2 


.7 


2.9 


.4 


* 


— 


12.2 


35.2 



ALBERTA 



1942 


171.0 


6.4 


175.0 


3.3 


75.0 


1.9 


4.4 


.2 


2.2 


.2 


2.7 


.1 


5.9 


17.9 


1943 


82.8 


4.8 


129.0 


3.7 


56.0 


2.2 


1.2 


.1 


3.3 


.6 


2.2 


.1 


6.3 


17.8 


1944 


99.3 


6.7 


111.8 


3.2 


51.7 


1.9 


1.7 


.1 


1.2 


.2 


1.6 


.1 


6.0 


18.2 


1945 


87.7 


6.8 


76.0 


3.3 


37.0 


2.0 


1.5 


.1 


.7 


.1 


1.4 


.1 


5.7 


18.2 


1946 


127.0 


7.0 


97.0 


2.8 


48.0 


1.8 


2.9 


.2 


.6 


.1 


.7 


_ 


6.0 


17.8 


1947 


105.0 


6.6 


75.0 


2.5 


52.0 


2.4 


4.3 


.3 


2.2 


.3 


.4 


- 


5.8 


17.9 


1948 


115.0 


6.3 


75.0 


2.4 


55.0 


2.2 


9.9 


.6 


3.1 


.3 


1.1 


- 


6.2 


18.0 


1949 


103.0 


7.9 


52.0 


2.3 


36.0 


2.1 


2.4 


.3 


.3 


- 


.7 


- 


6.1 


18.9 


1950 


117.0 


7.3 


72.0 


2.5 


56.0 


2.5 


3.7 


.3 


.4 


- 


1.1 


- 


6.0 


18.6 


1951f 


165.0 


6.4 


127.0 


2.6 


106.0 


3.0 


7.0 


.3 


1.4 


.1 


* 


.1 


6.1 


18.6 













OTHER PROVINCES 














1942 


27.7 


.9 


152.0 


4.1 


18.2 


.6 


1.7 




.3 




80.8 


2.0 


* 


7.7 


19 13 


16.7 


.8 


90.0 


3.6 


11.6 


.5 


1.3 




.3 


- 


43.4 


1.7 


* 


6.7 


1944 


24.9 


.8 


128.8 


3.9 


16.3 


.5 


1.4 




.3 


- 


67.4 


1.8 


* 


7.2 


1945 


23.9 


.8 


108.1 


3.6 


13.8 


.5 


1.4 




.3 


- 


58.5 


1.8 


* 


6.8 


1946 


20.7 


.7 


124.1 


3.6 


14.9 


.5 


1.5 




.2 


_ 


66.9 


1.7 


* 


6.6 


1947 


21.8 


.9 


84.7 


3.2 


10.4 


.4 


1.6 




.7 


.1 


45.7 


1.6 


* 


6.2 


1948 


30.3 


1.1 


134.8 


3.7 


13.0 


.4 


3.0 




.9 


.1 


76.5 


1.9 


* 


7.3 


1949 


30.4 


1.1 


127.9 


4.1 


11.4 


.4 


2.5 




.2 


- 


71.3 


2.0 


* 


7.7 


1950 


34.7 


1.2 


165.9 


4.1 


14.4 


.4 


2.1 




.4 


- 


89.6 


2.0 


* 


7.9 


1951f 


32.7 


1.2 


170.4 


4.1 


14.8 


.4 


1.9 




.8 


.1 


* 


2.2 


* 


8.0 



(1) Buckwheat, mixed grains and shelled corn. (2) Prairie Provinces. * Not available, t Preliminary estimate. 



OJGUST 1951 



136 



iillio ns of Bushels 



XIV— CANADIAN WHEAT : STATISTICAL POSITION 

Compiled from "Grain Trade of Canada" and the "Monthly Review of the Wheat Situation" 







Supplies 


Beginning of Period 




Apparent 
Domestic 
Dis- 
appearance 


Available 
for 

Export 
and 

Carry- 
over 


Exports w 
of Wheat 
and 
Flour 




Crop Year 
Beginning 
August 1 


Grain 

in 
Canada 


Canadian 
Grain in 

U.S.A. 

Ports 


Total 
Carry- 
over 


Crop 


Total 
Supplies 


End of 
Period 
Stocks 


1931/32 


133 


6 


139 


321 


460 


117 


343 


107 


136 


1932/33 


130 


6 


136 


443 


579 


99 


480 


163 


218 


1933/34 


210 


8 


218 


282 


500 


104 


395 


193 


203 


1934/35 


193 


10 


203 


276 


479 


101 


378 


164 


214 


1935/36 


202 


12 


214 


282 


496 


111 


374 


147 


127 


1936/37 


108 


19 


127 


219 


347 


99 


247 


110 


37 


1937/38 


33 


4 


37 


180 


217 


97 m 


120 


96 


25 


1938/39 


24 


1 


25 


360 


385 


111 


263 


160 


103 


1939/40 


95 


8 


103 


521 


624 


130 


493 


193 


300 


1940/41 


273 


28 


300 


540 


841 


119 


711 


131 


480 


1941/42 


448 


32 


480 


315 


795 


145 


650 


116 


424 


1942/43 


405 


19 


424 


557 


981 


171 


809 


115 


595 


1943/44 


579 


15 


595 


285 


879 


179 


700 


344 


357 


1944/45 


338 


18 


357 


417 


773 


111 


601 


343 


258 


1945/46 


238 


20 


258 


319 


577 


160 


417 


343 


74 


1946/47 


74 


_ 


74 


414 


487 


158 


329 


143 


86 


1947/48 


86 


- 


86 


342 


428 


155 


273 


195 


78 


1948/49 


78 


- 


78 


386 


464 


119 


335 


131 


102 


1949/50 


102 


- 


102 


371 


474 


137 


337 


115 


112 


1950/51 


112 


- 


112 


462 


574 


146 


428 


242W 


186 


1951/52 


185 


2 


186 


582 «> 


768 











) Canadian Customs figures adjusted for changes in stocks of Canadian wheat in U.S.A. Lake and Seaboard Ports until 1935/36; after that year Board of Grain 
jmmissioners' clearances. (2) Exclusive of consumption of 5.7 mm. bushels imported from the United States. (3) Preliminary. (4) Estimate. 



GRAINS : ACREAGE AND PRODUCTlONt 



PERCENTAGE DISTRIBUTION OF TOTAL PRODUCTION 

PERCENT PERCENT 



MM ACRES 



WHEAT 



MM BUSHELS 

1600 




t Figures for 1951 are preliminary. 

* Buckwheat, mixed grain and shelled 1 



137 



Millions of Dollars 



AUGUST 1951 



Millions of Dollars 



XV— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTS 1 "* 









TOTAL EXPORTS (EXCLUDING GOLD) TO 






Net 




U.S.A. 


U.K. 


U.K. 
Dependen- 
cies 


Union 
of 

South 
Africa 


Other 

Sterling 

Area 


Western 
Europe & 
Colonies 

(4) 


Central 

and 

South 

America 


Other 
(5) 


Total 

All 

Countries 


Non- 
monetary 

Gold 
Exports 


Calendar Years 

1946 


901 


632 


82 


68 


Ill 


304 


97 


183 


2,379 


96 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


99 


1948 


1,516 


719 


95 


83 


115 


307 


127 


164 


3,125 


119 


1949 


1,529 


710 


72 


76 


151 


254 


132 


99 


3,022 


139 


1950 


2,050 


472 


52 


44 


108 


201 


154 


75 


3,156 


162 


12 Mths. end's 

Julyl951< 6 > 


2,292 


531 


61 


47 


117 


271 


174 


110 


3,602 


158 


Monthly 
1950-Feb. 


131.2 


29.1 


3.8 


3.2 


7.4 


10.4 


7.7 


8.8 


201.6 


11.7 


Mar. 


158.6 


32.8 


4.2 


2.5 


8.3 


11.9 


8.4 


7.6 


234.3 


13.5 


Apr. 


139.3 


25.1 


4.3 


4.1 


7.3 


8.2 


15.8 


4.9 


209.0 


11.4 


May 


178.6 


53.3 


4.6 


4.8 


16.5 


17.8 


14.0 


7.2 


296.8 


15.8 


June 


178.9 


52.9 


3.7 


5.5 


9.1 


17.6 


15.0 


6.8 


289.4 


15.0 


July 


170.1 


31.9 


4.9 


4.3 


9.7 


19.4 


11.2 


4.1 


255.5 


14.8 


Aug. 


170.9 


41.4 


3.8 


2.0 


6.1 


18.2 


14.6 


6.1 


263.2 


13.8 


Sept. 


195.5 


34.6 


5.3 


3.6 


8.2 


15.8 


17.0 


4.9 


285.0 


10.8 


Oct. 


207.2 


45.9 


4.3 


4.9 


7.0 


23.5 


15.4 


5.9 


314.0 


16.4 


Nov. 


196.0 


39.7 


4.7 


2.9 


11.9 


25.4 


13.9 


6.6 


301.0 


12.3 


Dec. 


190.5 


36.2 


3.2 


2.6 


11.4 


20.7 


13.1 


4.4 


282.0 


11.3 


1951-Jan. 


191.2 


40.0 


4.8 


3.9 


10.4 


16.2 


14.1 


10.8 


291.4 


17.3 


Feb. 


155.4 


33.0 


3.8 


1.2 


10.1 


14.6 


11.4 


7.8 


237.4 


11.7 


Mar. 


193.8 


38.9 


4.7 


3.6 


13.4 


14.5 


12.5 


9.9 


291.4 


8.4 


Apr. 


188.5 


43.8 


5.2 


6.5 


11.4 


17.8 


14.9 


15.2 


303.4 


16.2 


May 


206.2 


51.4 


6.3 


4.3 


9.2 


20.6 


18.0 


15.9 


331.9 


13.0 


June 


191.6 


55.5 


5.8 


4.8 


6.5 


35.9 


12.4 


10.7 


323.2 


13.8 


July' 6 ' 


205.4 


70.9 


8.6 


69 


11.0 


47.5 


16.2 


12.0 


378.5 


13.4 



MERCHANDISE IMPORTS 



(S)» 





















Excess of 








TOTAL It 






Merch- 




















andise 








U.K. 


Union 


Other 


Western 


Central 


All 


Total 


Exports 
over 




U.S.A. 


U. K. 


Dependen- 


of 


Sterling 


Europe & 


and 


Other 


All 


Merch- 






(2) 


cies 


South 
Africa 


Area 

(3) 


Colonies 

(4) 


South 
America 


(5) 


Countries 


andise 
Imports 


Calendar Years 






















1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


514 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


225 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


489 


1949 


1,952 


306 


107 


4 


77 


83 


193 


39 


2,760 


263 


1950 


2,130 


403 


135 


5 


103 


114 


215 


68 


3,173 


17 


12 Mths. end'g 






















June 1951< 6 » 


2,597 


440 


164 


6 


124 


151 


259 


81 


3,823 


343 


Monthly 






















1950-Feb. 


143.1 


25.3 


4.2 


.2 


6.9 


5.9 


10.6 


3.9 


200.1 


1.5 


Mar. 


160.9 


32.7 


7.4 


.8 


6.1 


6.7 


18.3 


4.5 


237.3 


3.1 


Apr. 


162.2 


29.5 


5.7 


.2 


7.2 


6.4 


14.9 


4.7 


230.9 


21.9 


May 


195.5 


36.3 


16.0 


.6 


7.6 


8.8 


18.8 


6.5 


290.2 


6.6 


June 


188.3 


37.1 


13.4 


.4 


9.7 


10.1 


15.2 


8.3 


282.4 


6.9 


July 


170.6 


32.7 


12.6 


.3 


9.1 


9.8 


18.2 


6.1 


259.5 


3.9 


Aug. 


172.6 


34.3 


14.1 


.2 


7.3 


10.9 


21.9 


6.0 


267.3 


4.0 


Sept. 


177.4 


36.2 


14.7 


.6 


8.4 


11.0 


25.4 


6.0 


279.7 


5.3 


Oct. 


208.3 


41.6 


14.8 


.5 


12.2 


13.8 


22.0 


7.3 


320.5 


6.5 


Nov. 


214.8 


39.5 


16.0 


.8 


13.8 


15.3 


20.6 


6.5 


327.3 


26.3 


Dec. 


182.3 


32.0 


11.7 


.2 


8.3 


10.4 


16.2 


5.1 


266.3 


15.7 


1951-Jan. 


233.3 


33.9 


12.5 


.2 


10.2 


9.5 


22.1 


5.4 


327.1 


35.7 


Feb. 


199.0 


27.8 


7.8 


.4 


6.7 


9.1 


17.0 


6.2 


274.2 


36.7 


Mar. 


245.7 


30.4 


12.2 


.5 


12.3 


11.4 


22.5 


7.4 


342.5 


51.1 


Apr. 


278.3 


48.9 


12.7 


.5 


9.2 


14.1 


22.2 


7.0 


393.0 


89.7 


May 


273.2 


43.2 


19.7 


.8 


11.6 


18.5 


27.3 


10.5 


404.7 


72.8 


June (6) 


241.5 


39.9 


15.2 


.6 


14.9 


17.0 


23.4 


7.9 


360.4 


37.2 


July"' 


236.5 


43.0 














370.8 


7.7 



* Commencing April 1, 1949, external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

(1) Includes exports of foreign produce. In the case of wheat, export figures 
are based on Board of Grain Commissioners rather than Customs data. 

(2) Imports from the United Kingdom do not include articles imported for 
the use of the armed forces of the United Kingdom. In the years 1946 and 



1947 articles admitted free under Order in Council (9213) and the item 
"Canadian Goods Returned" (9195) are excluded. 

(3) Consists of Eire, India. Pakistan, Burma. Australia, New Zealand. Iceland, 
Ceylon and Iraq. Egypt is included in All Other. 

(4) Excludes Spain, but includes Greece, Turkey, and British Sudan. 

(5) Includes Egypt, Spain, Palestine, and also Newfoundland until March 31, 
1949. 

(6) Preliminary. (7) Estimates. 



\UGUST 1951 



138 



MERCHANDISE EXPORTSt 



MILLIONS OF DOLLARS 



RUNNING 12-MONTH TOTALS 



MILLIONS OF DOLLARS 



PERCENTAGE CHANGE ■ 1951 OVER 1950 

.. m PERCENT PERCENT 

OOUU - 60 



3400 



3000 



2600 




3800 



3400 



3000 



2600 






Excluding gold. Latest figures are preliminary. See footnotes to table on page 137. 
: Current Dollars divided by D.B.S. export price index on base 1948=- 100. 



MILLIONS OF DOLLARS 



MERCHANDISE IMPORTSt 

RUNNING 12 -MONTH TOTALS 



MILLIONS OF DOLLARS 



3800 



3400 



3000 



2600 




3800 



3400 



3000 



2600 



t Excluding gold. Latest figures are preliminary. See footnotes to table on page 137. 
* Current Dollars divided by D.B.S. import price index on base 1948 = 100. 



139 




















AUGUST 1951 


















XVI 


—MERCHANDISE EXPOR r , 


Millions of Dollars 
















Compiled from "Trade of Ca l( 




Fruits 

and 

Vegetables 


Wheat 

and 
Wheat 
Flourd) 


Oats 


Other 

Grains 

and 

Products 


Live 
Cattle 


Bacon 
and 
Hams 


Other 
Meats 


Cheese 


Other 

Milk 

Products 


Eggs 


Seeds 


1 
Otl 
Far 1 
(in, 

raw v ] 


Calendar Years 
1929 


18 


302 


5 


26 


14 


7 


9 


19 


10 




4 


2i 


1932 


11 


146 


5 


17 


2 


4 


3 


9 


3 


- 


1 




1937 


16 


182 


2 


25 


16 


33 


9 


13 


5 


- 


5 


91 


1946 


29 


417 


23 


41 


18 


66 


63 


22 


13 


27 


13 


3 


1947 


32 


446 


12 


55 


15 


62 


41 


14 


16 


37 


17 


4 


1948 


21 


383 


23 


74 


74 


70 


65 


12 


18 


39 


50 


5 


1949 


20 


533 


19 


59 


61 


24 


44 


16 


14 


21 


44 


5 


1950 


24 


418 


17 


56 


79 


28 


47 


17 


11 


6 


31 


5 


12-Mths. ending 

June 1951 


24 


436 


28 


72 


79 


11 


63 


15 


10 


4 


33 


& 


Monthly 
1950— Jan. 


1.7 


32.7 


1.8 


1.8 


5.5 


14.0 


3.4 


.1 


.9 


1.8 


3.6 


4.; 


Feb. 


2.2 


23.4 


1.4 


1.5 


5.7 


1.5 


2.5 


.1 


.9 


1.4 


3.3 


5. 


Mar. 


2.9 


31.3 


1.4 


1.8 


5.7 


.8 


2.4 


.1 


1.0 


.4 


2.3 


6.1 


Apr. 


1.4 


25.4 


.6 


1.6 


5.0 


.8 


2.4 


.1 


.6 


.2 


1.3 


3. 


May 


1.4 


55.1 


.6 


7.9 


6.8 


2.4 


4.0 


.1 


1.1 


.2 


1.6 


4.1 


June 


.9 


45.9 


.8 


5.1 


8.6 


.8 


3.6 


2.5 


.7 


.1 


.6 


4.. 


July 


1.9 


34.1 


.3 


6.0 


5.3 


.5 


5.5 


3.7 


.9 


.2 


.6 


3. 


Aug. 


1.3 


33.6 


.5 


3.6 


5.9 


.9 


5.6 


3.5 


1.1 


.3 


1.5 


4. 


Sept. 


2.2 


32.8 


1.3 


3.9 


6.7 


.6 


4.4 


2.8 


1.3 


.2 


2.1 


4. 


Oct. 


3.2 


34.3 


1.0 


5.7 


6.9 


2.0 


3.9 


2.1 


1.3 


.2 


4.5 


4.1 


Nov. 


2.4 


43.2 


1.9 


6.9 


9.4 


2.4 


5.2 


1.1 


.8 


.1 


5.2 


3.' 


Dec. 


2.1 


26.4 


5.0 


10.1 


7.5 


1.7 


4.3 


.3 


.4 


1.2 


4.2 


3. 


1951— Jan. 


2.2 


33.6 


2.4 


4.5 


5.5 


1.0 


3.5 


.2 


.3 


1.2 


4.9 


8.. 


Feb. 


1.9 


27.4 


1.4 


3.7 


5.5 


.3 


2.3 


.3 


.3 


.4 


3.4 


6.: 


Mar. 


1.6 


31.0 


1.6 


3.5 


7.6 


.3 


2.2 


.1 


.4 


.2 


1.9 


6.; 


Apr. 


1.3 


35.9 


1.2 


3.9 


6.9 


.4 


4.2 


.1 


.5 


.1 


3.0 


5.1 


May 


2.2 


46.2 


7.2 


7.2 


7.0 


.3 


9.7 


.1 


1.2 


.1 


.7 


3.1 


June 


1.6 


57.4 


4.6 


12.7 


4.9 


.2 


11.8 


.4 


1.2 


.1 


1.1 


3.1 








Other 
























Artificial 
Silk 


Fibres 
& Textiles 
(excl. raw 

wool) 


Farm 
Imple- 
ments & 
Machinery 


Machinery 

(excl. 
agriculture) 


Autos, 
Trucks 
& Parts 


Other 
Vehicles 
& Parts 


Other 

Iron and 

Steel 


Electrical 
Apparatus 


Aluminum 

and 
Products 


Copper 

and 
Products 


Lead 

and 

Products 


Nicl 

am 

Prodi 


Calendar Years 
1929 




8 


20 


7 


47 


_ 


16 


3 


15 


37 


11 


21 


1932 


- 


4 


2 


4 


7 


- 


4 


1 


4 


16 


3 


' 


1937 


2 


11 


10 


11 


27 


- 


18 


4 


19 


56 


18 


5! 


1946 


8 


42 


29 


16 


78 


34 


71 


21 


56 


37 


17 


5; 


1947 


12 


35 


42 


41 


92 


15 


84 


19 


64 


59 


31 


6( 


1948 


7 


35 


74 


41 


55 


21 


91 


17 


102 


79 


35 


: 


1949 


2 


19 


93 


32 


39 


23 


106 


12 


94 


87 


42 


91 


1950 


5 


20 


88 


26 


40 


5 


92 


11 


107 


88 


38 


10; 


12-Mths. ending 
June 1951 


5 


26 


95 


32 


43 


3 


95 


14 


109 


84 


47 


Hi 


Monthly 

1950— Jan. 


.3 


1.1 


6.6 


1.3 


3.2 


.8 


4.5 


.6 


4.3 


7.1 


1.3 


9.1 


Feb. 


.2 


.8 


6.9 


1.3 


3.2 


1.8 


4.2 


.8 


6.4 


6.5 


1.9 


7.; 


Mar. 


.4 


1.2 


10.5 


2.1 


2.1 


.4 


4.7 


.7 


8.3 


5.9 


1.5 


9.; 


Apr. 


.2 


.9 


9.0 


1.8 


2.6 


.9 


5.1 


.6 


8.7 


5.4 


1.2 


7.1 


May 


.3 


1.6 


10.4 


2.3 


3.6 


.1 


11.4 


1.0 


17.4 


8.9 


2.8 


9.1 


June 


.4 


2.2 


8.8 


2.6 


4.7 


.2 


9.3 


1.0 


9.7 


9.1 


3.7 


9, 


July 


.6 


2.5 


6.7 


2.2 


4.0 


.2 


8.9 


.9 


7.7 


7.0 


1.5 


8.1 


Aug. 


.8 


1.9 


5.6 


2.1 


2.4 


.2 


6.9 


.8 


9.2 


6.3 


3.5 


7.1 


Sept. 


.8 


2.6 


4.8 


2.1 


3.3 


.2 


10.2 


1.0 


3.5 


8.6 


3.5 


9.1 


Oct. 


.5 


2.1 


6.6 


2.1 


3.3 


.2 


9.8 


1.1 


14.8 


8.5 


6.4 


10.1 


Nov. 


.4 


1.6 


6.0 


2.7 


4.2 


.2 


9.1 


1.3 


3.6 


6.9 


4.9 


8.c 


Dec. 


.3 


1.8 


5.8 


3.1 


3.7 


.2 


8.1 


1.2 


13.2 


7.4 


5.9 


8/, 


1951— Jan. 


.3 


1.7 


8.5 


2.7 


1.7 


.2 


6.5 


1.2 


10.3 


6.6 


3.9 


ni 


Feb. 


.2 


1.7 


5.8 


2.8 


1.9 


.1 


4.8 


. 1.2 


7.4 


5.4 


2.4 


7.1 


Mar. 


.3 


1.9 


13.7 


2.8 


4.0 


.5 


5.6 


1.3 


10.8 


5.5 


3.9 


10.7 


Apr. 


.3 


2.1 


10.8 


3.4 


6.4 


.3 


8.4 


1.8 


12.7 


9.3 


3.2 


11.: 


May 


.4 


3.3 


10.7 


3.8 


4.2 


.2 


7.5 


1.2 


12.1 


5.6 


5.2 


9.( 


June 


.4 


2.4 


10.4 


2.7 


3.5 


.2 


9.3 


1.5 


3.5 


6.6 


2.2 


9.1 


(1) In the case o 
1670. 1700. 1710 


: wheat for t 
2005. 2015, 


tie years 193 
2020. 2025. 


1 and 1946 tc 
2060. 2065. 


) 1951 inclus 
2066. 2070, 2 


ve export cle 
075, 2080. 2 


arance figure 
085. 2090, 2( 


s are based c 
)95, 2100-21 


n Board of < 
10, 2490, 25C 


^rain Comm 
0-2525, 275( 


ssioners rath 
1.7795 ,2805 


er than Cust 
,2810,2812, 


oms da il 

2825, 2 1* 



AUGUST 1951 

tfMODITY CLASSIFICATION 

ion Bureau of Statistics 



140 



Millions of Dollars 



ind 
l) 


Fish 

(canned & 

salted 


Furs 


Log3 

and 

Rounds 


Planks 

and 
Boards 


Pulpwood 


Wood Pulp 


Newsprint 


Other 
Paper 


Other 

Wood 

Products 


Alcoholic 
Beverages 


Rubber 
& Products 

(incl. 
Synthetic) 






24 


23 


10 


49 


13 


44 


149 


6 


22 


30 


32 


Calendar Years 
1929 




11 


11 


3 


13 


5 


19 


83 


3 


8 


12 


7 


1932 




16 


18 


7 


45 


12 


42 


126 


10 


20 


21 


18 


1937 




45 


32 


20 


125 


29 


114 


266 


22 


50 


36 


22 


1946 




44 


29 


24 


208 


35 


178 


342 


31 


69 


28 


33 


1947 




40 


24 


26 


196 


44 


212 


383 


34 


60 


29 


33 


1948 




59 


23 


20 


160 


31 


171 


434 


19 


40 


35 


26 


1949 




63 


25 


13 


291 


35 


209 


486 


20 


61 


44 


12 


1950 




65 


32 


13 


333 


46 


280 


499 


30 


70 


51 


19 


12-Mths. ending 
June 1951 




4.4 


3.3 


1.2 


10.5 


3.0 


13.3 


38.3 


1.3 


2.5 


2.5 


.8 


Monthly 

Jan. -1950 




4.9 


2.0 


1.3 


13.9 


2.6 


14.0 


34.9 


1.3 


2.5 


2.6 


.8 


Feb. 




4.7 


2.0 


.9 


18.9 


2.7 


16.5 


37.5 


1.3 


4.5 


2.7 


1.0 


Mar. 




4.2 


1.7 


.7 


16.8 


1.1 


13.3 


39.0 


1.2 


3.8 


2.9 


.9 


Apr. 




4.7 


2.3 


.8 


20.5 


1.0 


16.7 


44.2 


1.2 


4.7 


3.0 


1.1 


May 




5.8 


2.0 


.9 


27.7 


2.9 


18.1 


41.4 


1.2 


5.2 


4.1 


1.0 


June 




5.5 


1.7 


1.0 


30.6 


2.8 


14.7 


39.2 


1.4 


5.0 


3.3 


.9 


July 




4.6 


1.6 


1.1 


30.3 


3.7 


17.3 


38.9 


1.4 


5.6 


4.1 


.9 


Aug. 




6.6 


2.5 


1.2 


35.9 


3.8 


19.7 


40.4 


2.1 


7.1 


3.8 


1.0 


Sept. 




5.1 


.5 


1.3 


37.4 


4.2 


21.6 


49.0 


2.1 


7.1 


4.1 


.9 


Oct. 




6.7 


.4 


1.0 


27.6 


3.7 


21.9 


40.6 


2.7 


5.9 


6.0 


1.4 


Nov. 




5.6 


5.4 


1.2 


20.8 


3.2 


21.2 


42.2 


2.5 


6.9 


4.4 


1.5 


Dec. 




6.1 


6.5 


1.2 


24.0 


3.8 


24.0 


40.7 


2.8 


4.9 


4.2 


1.6 


Jan. -1951 




5.1 


4.4 


1.0 


21.3 


3.9 


21.6 


35.8 


2.7 


4.8 


3.4 


1.8 


Feb. 




5.2 


2.6 


1.2 


26.5 


4.7 


27.2 


43.3 


2.9 


6.2 


5.3 


2.1 


Mar. 




4.3 


2.3 


.9 


27.5 


3.5 


26.6 


42.3 


2.8 


6.3 


4.4 


2.1 


Apr. 




4.7 


1.9 


.7 


26.6 


2.7 


31.5 


47.2 


3.2 


5.5 


4.3 


2.3 


May 




5.1 


1.9 


1.4 


24.7 


5.8 


32.4 


39.2 


3.1 


4.5 


3.2 


2.1 


June 



IS 


Zinc 


Other 




Other 




Other 


Ships 


Aircraft 


All 


Net Non- 


Total 




^ 


and 


Non- 


Asbestos 


Non- 


Fertilizers 


Chemicals 


and 


and 


Other 


monetary 


Exports 




) 


Products 


ferrous 
Metals 




metallic 
Minerals 




& Products 


Vessels 


Parts 


Exports 


Gold 


(Including 
gold) 




























Calendar Years 




9 


5 


13 


17 


7 


14 


1 


- 


33 


37 


1,190 


1929 




4 


2 


3 


6 


3 


8 


- 


- 


14 


70 


560 


1932 




15 


5 


15 


16 


7 


15 


1 


- 


27 


145 


1,176 


1937 




28 


13 


24 


33 


32 


35 


19 


10 


100 


96 


2,447 


1946 




30 


17 


33 


42 


34 


49 


26 


6 


94 


99 


2,858 


1947 




42 


22 


42 


53 


36 


43 


84 


11 


93 


119 


3,209 


1948 




56 


15 


37 


36 


39 


31 


42 


25 


81 


139 


3,132 


1949 




59 


16 


63 


40 


39 


62 


23 


4 


59 


162 


3,280 


1950 
12-Mths. ending 




70 


19 


75 


43 


36 


74 


13 


5 


66 


160 


3,596 


June 1951 
Monthly 




2.3 


1.4 


4.1 


2.7 


3.9 


4.1 


— 


.4 


4.1 


15.8 


237.3 


Jan. -1950 




3.7 


1.5 


4.4 


2.6 


2.8 


4.0 


.5 


.3 


4.7 


11.7 


211.2 


Feb. 




3.7 


.9 


5.3 


3.4 


4.6 


5.0 


- 


.6 


4.5 


13.5 


244.3 


Mar. 




3.1 


.5 


4.3 


3.2 


3.2 


3.7 


6.0 


.3 


3.9 


11.4 


216.1 


Apr. 




4.1 


1.4 


5.8 


3.4 


3.7 


6.1 


3.9 


.5 


5.6 


15.8 


310.0 


May 




6.0 


.9 


5.4 


3.4 


3.3 


5.7 


5.8 


.5 


4.5 


15.0 


301.8 


June 




5.9 


1.9 


4.0 


3.5 


2.6 


4.3 


.1 


.3 


4.0 


14.8 


267.3 


July 




6.1 


1.3 


5.1 


3.3 


2.4 


5.1 


2.2 


.3 


4.3 


13.8 


273.5 


Aug. 




6.0 


1.4 


6.0 


3.8 


3.1 


5.5 


3.1 


.3 


5.6 


10.8 


292.1 


Sept. 




5.3 


1.3 


6.6 


3.6 


2.8 


6.5 


1.0 


.3 


5.1 


16.4 


326.7 


Oct. 




7.4 


2.1 


6.8 


4.1 


3.1 


5.5 


.1 


.3 


6.2 


12.3 


309.6 


Nov. 




5.4 


1.1 


5.8 


3.2 


3.4 


6.1 


- 


.3 


6.6 


11.3 


289.7 


Dec. 




7.4 


1.5 


6.3 


3.5 


3.2 


6.2 


1.4 


.4 


5.6 


17.3 


305.1 


Jan.- 1951 




2.6 


1.0 


4.3 


2.9 


3.1 


6.0 


.1 


.5 


4.8 


11.7 


246.2 


Feb. 




5.4 


2.9 


8.5 


3.5 


2.1 


6.5 


.5 


.5 


5.6 


8.4 


295.9 


Mar. 




5.0 


1.5 


7.8 


3.8 


2.7 


7.8 


1.2 


.4 


6.2 


16.2 


314.6 


Apr. 




6.2 


1.5 


7.2 


4.2 


4.1 


7.8 


3.1 


.7 


6.4 


13.0 


341.3 


May 




7.6 


1.6 


6.7 


3.7 


3.7 


7.3 


.1 


.5 


5.9 


13.8 


333.7 


June 



le up of various items listed in "Trade of Canada" under code numbers 180. 600. 610, 690, 710, 790, 1170, 1500-1590, 1610, 1630, 1640, 1640, 1645, 1650, 1660, 
50, 2855, 2860, 3160-3187. 



TATISTICAL SUMMARY 



BANK OF CANADA 



Tables 



Charts 



Pages 



I Bank of Canada : 

Liabilities and Assets 141 - 142 

General Public Holdings of Certain Liquid Assets .... 141 

Factors Affecting General Public Holdings of Certain Liquid Assets 141 
1 1 Chartered Banks : 

Liabilities and Assets 143 - 144 

III General Public Holdings of Certain Liquid Assets 143 - 144 

IV Government Bond Yields and Treasury Bill Rates : Canada, 

U.K. andU.S.A 145 

Yields of Government Bonds: Canada, U.K. and U.S.A. . . . 145 

V Government Bond Yields: Canada, U.K. and U.S.A 146 

VI Official Holdings of Gold and United States Dollars .... 146 

VII Foreign Exchange Rates 147 

United States Dollar in Canadian Funds 147 

VIII Business Activity 148 

IX Cash Income from the Sale of Farm Products 148 

X Wholesale Prices 149 

XI Cost of Living 149 

XII Consumer Credit Outstanding 150 

Consumer Credit Outstanding 150 

XIII Forest Industries: Total Production 151 

Merchantable Timber Cut 152 

Wood Products 152 

XIV Canadian Wheat: Statistical Position 153 

Canadian Wheat: Supply and Distribution 153 

XV International Tourist and Travel Expenditure 154 

International Tourist and Travel Expenditure 154 

XVI Merchandise Exports: Commodity Classification by Volume . . . 155 

XVII Merchandise Imports: Commodity Classification by Volume . . . 156 

XVIII Exports and Imports by Countries 157 

XIX U.S.A. Statistics: 

Employment, Production, Construction, Inventories , Income and Prices 158 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



SEPTEMBER 1951 



141 














SEPTEMBER 195:|T 


Millions of Dollars 
















I-Bi 




LIABILITIES 




Chartered Bank Cash 








Active 
B. of C. 

Note 
Circulation 




T< 1 










Govt, of 
Canada 
Deposits 


Other 
Deposits 


Foreign 
Currency 
Deposits* 1 ' 


All 

Other 

Accounts 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Liab ,» 
( 

Asi, 


Average of 




















Month-end Figures 




















1935—10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


2 


1937—12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


3 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


4> 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,8 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,8! 


1947 


152.8 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


i,9: 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,91 


1949 


180.8 


567.7 


748.4 


98.4 


79.9 


57.4 


1,086.8 


38.7 


2,1( 


1950 


192.3 


561.6 


753.9 


41.9 


206.2 


101.4 


1,100.9 


37.8 


2,2' 


End of 




















1950— May 


210.6 


534.3 


745.0 


68.9 


202.7 


78.8 


1,065.3 


31.1 


2,1! 


June 


154.7 


544.5 


699.2 


35.3 


215.8 


89.6 


1,121.1 


40.5 


2,2( 


July 


200.3 


552.7 


753.0 


19.6 


228.9 


94.6 


1,093.9 


34.4 


2,22 


Aug. 


220.2 


568.2 


788.3 


16.7 


233.1 


106.2 


1,083.6 


36.9 


2,2( 


Sept. 


179.3 


555.8 


735.1 


22.0 


258.2 


89.6 


1,139.1 


38.6 


2,2J 


Oct. 


211.8 


621.7 


833.5 


39.0 


235.2 


143.3 


1,110.0 


48.3 


2,4f 


Nov. 


204.1 


578.8 


782.9 


45.3 


221.0 


149.7 


1,119.4 


56.3 


2,37 


Dec. 


231.3 


578.6 


809.9 


24.7 


207.1 


133.6 


1,136.1 


39.0 


2,35 


1951— Jan. 


219.6 


537.6 


757.3 


68.3 


204.4 


136.0 


1,074.8 


53.3 


2,29 


Feb. 


202.8 


550.5 


753.3 


69.5 


204.6 


128.9 


1,092.6 


39.8 


2,28 


Mar. 


185.1 


552.9 


738.0 


70.5 


206.7 


88.5 


1,134.4 


28.7 


2,26 


Apr. 


203.1 


556.1 


759.2 


56.9 


215.1 


137.7 


1,119.9 


58.9 


2,34 


May 


214.8 


530.1 


744.8 


76.2 


221.5 


129.9 


1,122.7 


38.8 


2,33 


June 

July 


177.1 


590.7 


767.8 


75.3 


220.1 


132.8 


1,174.2 


32.2 


2,40 


226.0 


558.2 


784.2 


91.1 


212.6 


146.7 


1,144.5 


56.2 


2,43 


Aug. 


189.7 


580.4 


770.1 


115.0 


185.7 


143.0 


1,181.0 


62.8 


2,45 



1) Includes foreign exchange items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March 31, 1949. -k May 1940 and au| 
gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to the Foreign Exchange Control B 1 



GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETS 

BILLIONS OF DOLLARS BILLIONS OF DOLLARS 




* Total Currency and Active Bank Deposits plus Inactive Notice Deposits and Government of Canada Securities; see table and footnotes on 
pages 143-144. 
t See table and footnotes on page 143. 



SEPTEMBER ] 


L95f 
















142 


| CANADA 














Millions of Dollars 


ASSETS 




Id 


Silver 


Foreign (I) 
Exchange 


Securities 


Advances 


AH 

Other 

Accounts 




Govt, of Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 




Under 2 yrs. 


Over 2 yrs. 
























Average of 






















Month-end Figures 


?, 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935—10 Mths. 


!,0 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937—12 Mths. 


(.8 


- 


41.7 


142.8 


46.2 


- 


- 


189.1 


.2 


6.7 


1939 


t 




• 


• 


• 






• 










- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 




- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 




- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 




- 


.4 


1,133.3 


787.7 


25.0 


- 


1,946.0 


- 


26.7 


1948 




- 


53.1 


1,421.8 


571.9 


25.0 


4.3 


2,023.0 


- 


33.4 


1949 




- 


110.2 


1,503.3 


467.8 


25.0 


100.5 


2,096.6 


— 


35.4 


1950 

End of 




- 


73.4 


1,685.7 


372.6 


25.0 


5.5 


2,088.8 


- 


29.5 


May— 1950 




- 


84.2 


1,436.7 


622.0 


25.0 


5.5 


2,089.2 


- 


28.2 


June 




- 


89.2 


1,431.0 


638.7 


25.0 


5.5 


2,100.2 


- 


35.1 


July 




- 


161.5 


1,420.4 


569.2 


25.0 


60.3 


2,074.9 


- 


28.5 


Aug. 




- 


212.3 


1,406.1 


444.6 


25.0 


170.0 


2,045.6 


- 


24.7 


Sept. 




- 


152.5 


1,381.4 


435.7 


25.0 


360.7 


2,202.9 


- 


54.0 


Oct. 




- 


127.4 


1,170.0 


662.0 


25.0 


328.1 


2,185.1 


- 


62.1 


Nov. 




- 


111.7 


1,229.3 


712.5 


25.0 


247.9 


2,214.7 


- 


24.0 


Dec. 




_ 


118.1 


1,171.0 


731.5 


25.0 


200.3 


2,127.7 


- 


48.2 


Jan. — 1951 




- 


117.5 


1,165.4 


757.0 


25.0 


168.7 


2,116.1 


- 


55.1 


Feb. 




- 


80.2 


1,341.9 


673.7 


25.0 


114.4 


2,155.1 


- 


31.6 


Mar. 






129.0 


1,327.6 


722.5 


25.0 


70.6 


2,145.7 




73.0 


Apr. 


. 


- 


125.4 


1,313.7 


777.3 


25.0 


45.3 


2,161.3 


- 


47.4 


May 




- 


117.0 


1,335.2 


846.3 


25.0 


58.8 


2,265.4 


- 


20.1 


June 




- 


117.0 


1,327.4 


872.5 


25.0 


51.4 


2,276.3 


- 


41.9 


July 




~ 


100.1 


1,349.6 


888.1 


25.0 


44.1 


2,306.9 


~* 


50.6 


Aug. 



es give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order, 
that date the Bank's minimum gold reserve requirement has been suspended. 



Under these orders the Bank's 



FACTORS AFFECTING GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETS 

BILLIONS OF DOLLARS BILLIONS OF DOLLARS 




* See table and footnotes on page 144. 



143 



Millions of Dollars 



SEPTEMBER 1951 
II— CHA1 





LIABILITIES 






Notes 


Deposits 


Cash 
in (3) 
Canada 


Securities 




Demand 


Notice 


Govt, of 

Canada 

and Prov. 


Canadian 
Deposits 


Foreign 


Total 
Deposits 

(2) 


Govt, of 
Canada 


Prov- 
incial 


Foreign 
Govt. 


„, 


As at Dec. 31 
























L 


1929 


175 


729 


1,434 


92 


2,270 


442 


2,820 


228 


297 


151 


1932 


127 


466 


1,378 


72 


1,928 


329 


2,306 


211 


562 


216 


1937 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


1,111 


59 


% 


1948 


16 


2,544 


4,057 


426 


7,099 


811 


8,002 


738 


2,959 


476 


242 


a 


1949 


14 


2,426 


4,433 


367 


7,348 


730 


8,177 


753 


3,112 


445 


242 


B 


1950 


_(6) 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 




End of 


























1950— June 


- 


2,538 


4,538 


371 


7,552 


745 


8,409 


699 


3,057 


407 


238 


57 


July 


- 


2,493 


4,529 


265 


7,389 


742 


8,233 


753 


3,017 


419 


225 


58 


Aug. 


- 


2,618 


4,543 


412 


7,672 


728 


8,522 


788 


3,258 


416 


215 


58 1 


Sept. 


- 


2,709 


4,582 


306 


7,659 


709 


8,569 


735 


3,188 


424 


230 


59 1 


Oct. 


- 


2,822 


4,559 


358 


7,887 


706 


8,724 


834 


3,173 


404 


201 


57 1 


Nov. 


- 


2,824 


4,543 


452 


7,995 


716 


8,845 


783 


3,081 


416 


205 


57 1 


Dec. 


- 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 


59 


1951— Jan. 


— 


2,638 


4,577 


533 


7,884 


724 


8,739 


757 


3,054 


401 


188 


60,1 


Feb. 


- 


2,612 


4,618 


445 


7,841 


734 


8,702 


753 


2,887 


398 


190 


61:1 


Mar. 


- 


2,487 


4,614 


523 


7,753 


719 


8,625 


738 


2,801 


373 


210 


60! 


Apr. 




2,725 


4,598 


360 


7,856 


749 


8,742 


759 


2,742 


368 


208 


60'! 


May 


- 


2,692 


4,589 


405 


7,829 


747 


8,718 


745 


2,720 


370 


190 


60t 


June 


- 


2,578 


4,559 


455 


7,697 


763 


8,618 


768 


2,681 


366 


192 


59: 


July 


- 


2,675 


4,580 


403 


7,809 


753 


8,705 


784 


2,696 


356 


195 


59' 


Aug. 


_ 


2,675 


4,583 


409 


7,799 


808 


8,775 


770 


2,679 


355 


210 


58! 






(1) Estimated month-end deposits payable in Canadian currency. (<2) Includes inter-bank deposits. (3) Until March 1935: Gold and Coin in Canada. 1 

end Canadian deposits in 1926-35 and monthly average deposits in 1936 and after. (5) Bank of Canada notes in public circulation and chartered bank note circu 
outstanding notes issued for circulation in Canada transferred to Bank of Canada during January 1950. 



Millions of Dollars 



III— GENERAL PUBLIC HOLDIN 
Currency, Bank Deposits a 

Ban 



IH 





Currency and Active Bank Deposits 


_ 




Currency 
Outside Banks 


Active Bank Deposits 


Tot 
Curre, 

am 




Chartered Banks 


(7) 

Bank of 
Canada 
"Other" 
Deposits 






Notes <•> 


Coin< 2 > 


Total 


(3) 

Demand 


Active* 4 ' 
Notice 


Other"' 

excl. 

Govt. 

of Canada 


Total 


Deduct™ 
Float 


Net 
Total 


Total 


Acti 

Ban 

Depos' : 


As at Dec. 31 


























1948 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


4,33 i 


1949 


1,110 


74 


1,184 


2,426 


682 


338 


3,446 


335 


3,111 


127 


3,238 


4,42: 


1950 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,85 


End of 


























1950— June 


1,121 


75 


1,196 


2,538 


699 


351 


3,588 


475 


3,113 


216 


3,329 


4,521 


July 


1,094 


75 


1,169 


2,493 


695 


318 


3,506 


355 


3,151 


229 


3,380 


4,541 


Aug. 


1,084 


75 


1,159 


2,618 


696 


323 


3,637 


351 


3,286 


233 


3,519 


4,67! 


Sept. 


1,139 


77 


1,216 


2,709 


699 


389 


3,797 


352 


3,445 


258 


3,703 


4,91! 


Oct. 


1,110 


77 


1,187 


2,822 


695 


437 


3,954 


451 


3,503 


235 


3,738 


4,92! i 


Nov. 


1,119 


77 


1,196 


2,824 


694 


419 


3,937 


476 


3,461 


221 


3,682 


4,87f! 


Dec. 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,851 


1951— Jan. 


1,075 


76 


1,151 


2,638 


702 


395 


3,735 


402 


3,333 


204 


3,537 


4,68* 


Feb. 


1,093 


76 


1,169 


2,612 


709 


415 


3,736 


448 


3,288 


205 


3,493 


4,66. 


Mar. 


1,134 


78 


1,212 


2,487 


711 


428 


3,626 


376 


3,250 


207 


3,457 


4,66s 


Apr. 


1,120 


78 


1,198 


2,725 


709 


429 


3,863 


499 


3,364 


215 


3,579 


4,777 


May 


1,123 


79 


1,202 


2,692 


707 


398 


3,797 


467 


3,330 


222 


3,552 


4,754i 


June 


1,174 


81 


1,255 


2,578 


707 


385 


3,670 


395 


3,275 


220 


3,495 


4,75Ci 


July 


1,145 


80 


1,225 


2,675 


709 


396 


3,780 


468 


3,312 


213 


3,525 


4.75C 


Aug. 


1,181 


81 


1,262 


2,675 


712 


381 


3,768 


497 


3,271 


186 


3,457 


4,715' 



■jr The term General Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings see Table III, page 127 in the August Statistical Summary. 
t Chartered banks' Newfoundland branch statistics are included as from 
1 April 1st. 1949. 
■fr-A-The whole of the increase or decrease in Canada's foreign exchange reserves 
is embodied in the related factors in this table; to the extent that such 
changes do not appear in the column "Bank of Canada Gold and Exchange 
Holdings (net)" they affect changes in "Government of Canada Direct 
and Guaranteed Funded Debt." 
(1) Note Circulation of Bank of Canada and, prior to 1950, of the chartered 
banks; excluding notes held by chartered banks. 



(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada and 
chartered banks in Canada. 

(3) Chartered banks' public demand deposits in Canada. 

(4) Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts and 
non-personal notice deposits. 

(5) Chartered banks' Canadian dollar deposits of provincial governments, 
and of Canadian, United Kingdom, and foreign banks. 

(6) Cheques on other banks as shown in chartered bank month-end returns 
to the Minister of Finance. 

(7) Other Deposits with the Bank of Canada as shown in published month-end 
statements — i.e. excluding Government of Canada, chartered bank and 
foreign currency deposits. 



SEPTEMBER 1951 










BANKS 










(SETS 




Loans 






CANADA 


ABROAD 


Total 

Assets 


il 


Call 


Current 


Current 


Call 


Current 






Public 


Other 








8 


262 


1,403 


122 


245 


251 


3,521 


8 


103 


964 


140 


91 


152 


2,852 


1 


76 


749 


113 


60 


166 


3,281 


8 


101 


2,077 


71 


78 


240 


8,580 


5 


133 


2,174 


97 


70 


211 


8,718 


6 


134 


2,651 


125 


100 


247 


9,496 


6 


145 


2,293 


115 


90 


222 


8,950 





94 


2,287 


98 


95 


223 


8,796 


8 


99 


2,294 


98 


95 


220 


9,102 


6 


101 


2,352 


121 


110 


233 


9,162 


9 


115 


2,449 


116 


117 


230 


9,323 





164 


2,611 


126 


96 


234 


9,450 


6 


134 


2,651 


125 


100 


247 


9,496 


8 


118 


2,671 


124 


113 


252 


9,379 


3 


109 


2,736 


136 


114 


256 


9,354 


6 


94 


2,856 


152 


96 


252 


9,284 


4 


87 


2,886 


161 


97 


271 


9,403 


6 


92 


2,896 


170 


99 


281 


9,370 


8 


82 


2,898 


164 


110 


281 


9,256 





84 


2,890 


153 


112 


285 


9,323 


2 


90 


2,912 


161 


119 


262 


9,378 



144 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in (3) 
Canada 


Deposits 


Canadian 


Note <s) 




(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


711 


6,547 


10.9 


1,053 


1948 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


724 


7,419 


9.8 


1,071 


June— 1950 


755 


7,433 


10.1 


1,084 


July 


781 


7,369 


10.6 


1,082 


Aug. 


734 


7,557 


9.7 


1,096 


Sept. 


812 


7,786 


10.4 


1,107 


Oct. 


779 


7,881 


9.9 


1,111 


Nov. 


792 


7,847 


10.1 


1,131 


Dec. 


802 


7,890 


10.2 


1,079 


Jan.— 1951 


728 


7,766 


9.4 


1,083 


Feb. 


748 


7,655 


9.8 


1,103 


Mar. 


770 


7,734 


10.0 


1,106 


Apr. 


756 


7,731 


9.8 


1,110 


May 


768 


7,702 


10.0 


1,125 


June 


807 


7,761 


10.4 


1,139 


July 


795 


7,686 


10.3 


1,141 


Aug. 



s and "Free" Central Gold Reserve Deposits: after that date: Bank of Canada Notes and Deposits. (4) Figures given are averages of estimated month- 

;r being, since September 1944, an approximate figure only. (6) Notes issued for circulation outside Canada only commencing in January 1950: liability for 



CERTAIN LIQUID ASSETS*! 

JVMENT OF CANADA SECURITIES 



Millions of Dollars 



(8) 

ve 


Govt, of 
Canada 


Total 


Related Factors** 




Govt, of Canada Direct and Guaranteed Funded Debt (il) 


Bank"" 
Loans 
& Non- 


Bk.ofCan 
Gold and 


Deduct 

All 

Other 

(Net) 

(14) 




ed 


Held by Bk. of Can. & Ch. Bks. 


Held by Other Investors 




. 
















p 


Securities 






Deduct < n > 






Deduct 






Exchange 




ts 


(»)(10)(12) 




Total 

(10) 


Govt, of 
Canada 


Net 
Total 


Total 


Securities 
held by all 


Net 
Total 


Invest- 
ments 


Holdings 
(Net) 












Deposits 






Govt. A ccts 


































As at Dec. 31 




10,249 


17,992 


4,972 


320 


4,652 


11,506 


1,257 


10,249 


3,341 


- 


250 


1948 




9,904 


18,077 


5,121 


181 


4,940 


10,700 


796 


9,904 


3,419 


- 


186 


1949 




10,069 


18,781 


5,021 


280 


4,741 


10,916 


847 


10,069 


3,950 


226 


205 


1950 




9,869 


18,233 


5,116 


160 


4,956 


10,665 


796 


9,869 


3,559 


- 


151 


End of 
June— 1950 




9,819 


18,202 


5,087 


68 


5,019 


10,631 


812 


9,819 


3,502 


- 


138 


July 




9,840 


18,366 


5,248 


204 


5,044 


10,646 


806 


9,840 . 


3,521 


116 


155 


Aug. 




10,020 


18,822 


5,039 


1 


5,038 


10,835J 


815 


10,0201 


3,618 


293 


147 


Sept. 




9,966 


18,755 


4,990 


108 


4,882 


10,804 


838 


9,966 


3,681 


370 


144 


Oct. 




10,184 


18,912 


4,913 


253 


4,660 


11,046 


862 


10,184 


3,921 


306 


159 


Nov. 




10,069 


18,781 


5,021 


280 


4,741 


10,916 


847 


10,069 


3,950 


226 


205 


Dec. 




10,099 


18,662 


4,956 


344 


4,612 


10,947 


848 


10,099 


3,943 


182 


174 


Jan. — 1951 




10,076 


18,647 


4,809 


266 


4,543 


10,922 


846 


10,076 


4,022 


157 


151 


Feb. 




10,023 


18,595 


4,817 


295 


4,522 


10,868 


845 


10,023 


4,101 


106 


157 


Mar. 




9,967 


18,632 


4,792 


161 


4,631 


10,820 


853 


9,967 


4,133 


62 


161 


Apr. 




9,908 


18,543 


4,811 


226 


4,585 


10,772 


864 


9,908 


4,159 


41 


150 


May 




9,814 


18,416 


4,863 


252 


4,611 


10,689 


875 


9,814 


4,133 


43 


185 


June 




9,742 


18,363 


4,896 


248 


4,648 


10,626 


884 


9,742 


4,101 


22 


150 


July 




9,681 


18,272 


4,917 


276 


4,641 


10,584 


903 


9,681 


4,131 


~~ 


181 


Aug. 



10) 



Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits in 
Canada. 

Direct and guaranteed securities (including refundable taxes). Direct 
debt includes both matured and unmatured issues outstanding, exclusive 
of sinking fund holdings; guaranteed debt is included on the basis of the 
total unmatured issues outstanding; Newfoundland debt assumed by 
the Government of Canada has been included since June 1949. Foreign 
pay securities have been valued at official mid-rates of exchange to 
September 30, 1950. and at market rates thereafter. 

Chartered banks' temporary advances to the general public in connection 
with the purchase of Victory Loan Bonds at time of issue, amounting to 
166, 261, 271, and 411 in the years 1942 to 1945 inclusive, have been 



(11) 
(12) 
(13) 



(14) 
t 



included in bank holdings of Government securities and deducted from 

holdings of the general public. 

Canadian dollar deposits of the Government of Canada at chartered 

banks and Bank of Canada. 

Holdings of all investors other than Bank of Canada, chartered banks 

and Government of Canada accounts. 

All loans in Canada of the chartered banks other than temporary advances 

in connection with Victory Loan issues, plus chartered banks' holdings 

of provincial, municipal and ''other" securities, and Bank of Canada 

holdings of Industrial Development Bank Capital stock. 

Net of all related asset and liability items not shown elsewhere in this table. 

Excludes $50 million (U.S. funds) borrowed in New York to redeem an 

issue falling due on October 1st. 



145 



SEPTEMBER 1951 






IV— GOVERNMENT BOND YIELDS AND TREASURY BILL RATES 

Bank of Canada 





Government of Canada 


L 






Theoreticals* 






15th of Each Month 




15 Yr. 


9 Yr. 


5 Yr. 


2 Yr. 




Bond 


Bond 


Bond 


Bond 


Annual Average 










1946 


2.61 


2.32 


1.69 


1.39 


1947 


2.57 


2.25 


1.75 


1.43 


1948 


2.93 


2.72 


2.27 


1.44 


1949 


2.83 


2.64 


2.24 


1.66 


1950 


2.78 


2.67 


2.22 


1.81 


Monthly 










1950— Mar. 


2.73 


2.60 


2.16 


1.72 


Apr. 


2.77 


2.63 


2.18 


1.73 


May 


2.75 


2.61 


2.17 


1.74 


June 


2.73 


2.59 


2.10 


1.74 


July 


2.77 


2.67 


2.14 


1.77 


Aug. 


2.75 


2.64 


2.15 


1.74 


Sept. 


2.71 


2.62 


2.17 


1.76 


Oct. 


2.75 


2.68 


2.22 


1.83 


Nov. 


2.88 


2.84 


2.42 


2.02 


Dec. 


2.99 


2.97 


2.55 


2.17 


1951— Jan. 


3.02 


3.00 


2.63 


2.26 


Feb. 


3.02 


3.00 


2.60 


2.27 


Mar. 


3.25 


3.21 


2.89 


2.70 


Apr. 


3.24 


3.20 


2.75 


2.48 


May 


3.24 


3.18 


2.62 


2.28 


June 


3.25 


3.15 


2.62 


2.35 


July 


3.23 


3.16 


2.64 


2.38 


Aug. 


3.24 


3.16 


2.64 


2.36 


Sept. 


3.24 


3.17 


2.66 


2.34 



Long Term 




Market Yields 


Average of Business Days 


Canada* 1 ' 


U.K.W 


U.S.A.") 


2.63 


2.52 


2.15 


2.59 


2.61 


2.20 


2.93 


2.82 


2.41 


2.85 


2.93 


2.24 


2.77 


3.19 


2.24 


2.72 


3.31 


2.18 


2.75 


3.23 


2.21 


2.72 


3.21 


2.23 


2.73 


3.14 


2.25 


2.77 


3.23 


2.26 


2.75 


3.21 


2.26 


2.70 


3.14 


2.29 


2.77 


3.05 


2.31 


2.87 


3.05 


2.32 


2.97 


3.12 


2.35 


3.01 


3.12 


2.32 


3.01 


3.26 


2.33 


3.17 


3.28 


2.48 


3.21 


3.35 


2.59 


3.20 


3.43 


2.69 


3.24 


3.55 


2.70 


3.21 


3.53 


2.66 


3.22 


3.53 


2.58 


3.24 


3.54 


2.57 



Tender Rates on 3 Month 
Treasury Bills 



Tender nearest 15th of Month 



Canada 



.388 
.406 
.411 
.485 
.552 

.512 
.513 
.514 
.512 
.512 
.546 
.615 
.623 
.624 
.626 

.626 
.728 
.755 
.755 
.755 
.754 
.771 
.786 
.880 



U.K. 



U.S.A. 



505 


.375 


507 


.592 


509 


1.037 


521 


1.096 


516 


1.215 


525 


1.131 


512 


1.160 


513 


1.165 


514 


1.177 


512 


1.168 


513 


1.173 


514 


1.311 


514 


1.337 


513 


1.380 


519 


1.351 


511 


1.391 


513 


1.391 


512 


1.402 


511 


1.529 


512 


1.626 


512 


1.467 


512 


1.615 


513 


1.660 


514 


1.646 



* Payable in Canada only. (1) Government of Canada 3% due Sept. 1, 1961-66. (2) United Kingdom 3% due Apr. IS. 1959-69. 
(3) U.S. Treasury 2)4% due Dec. 15, 1963-68, is not elegible for commercial banks before Dec. 1, 1952. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS 

Daily Opening Quotations 



CANADA, U.K. AND U.S.A. 




SEPT OCT 



* Security is not eligible for commercial banks before Dec. 1, 1952. 



SEPTEMBER 1951 



146 



V— GOVERNMENT BOND YIELDSt 

Bank of Canada 



1948 



Dec. 31 



1949 



Mar. 31 June 30 Sept.30 Dec. 31 



1950 



Mar. 31 June 30 Sept. 29| Dec. 30 



1951 



Mar.3l|june30JSept.28 



GOVERNMENT OF CANADA 



Internal Issues 

lV£%dueNov. 1, 1952' 1 ). 

3% due Nov. 1, 1953/56 

3% due June 1, 1957/60 

3% due Sept. 1, 1961/66 

New York Issues 
3M%due Jan. 15, 1956/61. 
2%% due Sept. 1, 1974< 1 >.. 
43^% due July 1, 1957*... 



2.34 
2.78 
2.93 



2.51 
2.68 



2.37 
2.71 
2.93 



2.22 
2.46 



2.39 

2.70 
2.91 



2.22 
2.54 



2.36 
2.62 
2.74 



2.31 
2.73 
2.53 



1.72 
2.34 
2.59 
2.72 



1.97 
2.64 
2.24 



1.76 
2.35 
2.63 
2.77 



2.01 
2.61 
2.17 



1.79 
2.35 
2.62 
2.78 



2.24 
2.70 
2.50 



1.80 

2.47 
2.65 

2.74 



2.15 
2.72 
2.52 



2.17 

2.76 
3.02 
3.02 



2.35 
2.70 
2.59 



2.67 
3.16 
3.19 
3.22 



2.91 
2.96 
2.95 



2.30 
3.07 
3.15 
3.24 



2.92 
3.02 
3.12 



2.20 
3.05 
3.13 
3.25 



2.66 
2.93 
2.86 





United States Government 












_ 


_ 


_ 


_ 


1.31 


1.40 


1.46 


1.57 


1.62 


2.01 


1.97 


1.93 


1.77 


1.59 


1.51 


1.46 


1.54 


1.62 


1.67 


1.80 


2.17 


2.14 


2.37 


2.33 


2.25 


2.13 


2.08 


2.19 


2.27 


2.30 


2.35 


2.53 


2.71 


2.47 


2.43 


2.38 


2.30 


2.24 


2.35 


2.42 


2.44 


2.45 


2.56 


2.69 



1^% due Mar. 15, 1954<». 

2^2% due Mar. 15, 1956/58 

2V 2 % due Dec. 15, 1963/68 

2V 2 % due Dec. 15, 1967/72 



1.95 
2.09 
2.60 
2.62 



UNITED KINGDOM GOVERNMENT 



2M%dueFeb. 15, 1955(». 

3% due Oct. 15, 1955/59 

V/ 2 % due May 1, 1964/67 

3% due Aug. 15, 1965/75 













2.23 


2.05 


1.88 


1.84 


1.79 


2.00 


2.18 


2.15 


2.65 


2.55 


2.49 


2.54 


2.42 


2.32 


2.25 


2.25 


2.50 


2.61 


2.57 


2.86 


3.02 


3.07 


3.10 


3.03 


2.88 


2.95 


3.15 


3.35 


2.86 


2.86 


3.11 


3.37 


3.39 


3.44 


3.43 


3.22 


3.26 


3.43 


3.68 



1.75 
2.06 
3.35 
3.69 



t Based on approximate market bid side. 



(1) New issue. 



* Canadian National Railways (Guaranteed by Canada). 



Millions of U.S. Dollars 



VI— OFFICIAL HOLDINGS OF GOLD AND U.S. DOLLARS^ 

Department of Finance 



Jan. 



Feb. 



Mar. 



Apr. 



May June 



July 



Aug. 



Sept. 



Oct. 



Nov. 



Dec. 



1948 



Sold 


296.0 
215.0 


305.3 
222.2 


313.5 

294.0 


322.7 
345.7 

668.4 


331.2 
362.9 


340.4 
401.5 


350.7 
418.0 


359.9 
454.3 


370.9 

484.0 


380.1 
512.1 


388.9 
579.3 


401.3 


U.S. Dollars.... 


596.5 


Total 


511.0 


527.5 


607.5 


694.1 


741.9 


768.7 


814.2 


854.9 


892.2 


968.2 


997.8 



1949 



Gold 

U.S. Dollars.... 


407.2 
614.7 


406.6 
637.3 


408.1 
659.1 


397.7 
593.5 

991.2 


409.7 
567.5 


419.3 
557.6 


427.2 
545.9 


439.7 
547.4 


450.2 
535.1 


461.7 
545.7 


475.4 
593.0 


486.4 
630.7 


Total 


1,021.9 


1,043.9 


1,067.2 


977.2 


976.9 


973.1 


987.1 


985.3 


1,007.4 


1,068.4 


1,117.1 



1950 



Gold 

U.S. Dollars... . 


500.3 
649.1 


500.7 
675.2 


502.3 
689.9 


502.3 
674.9 


506.2 
676.2 

1,182.4 


509.5 
745.9 

1,255.4 


521.8 
798.7 


533.4 
970.8 


542.8 
1,246.8 


558.5 
1,268.3 


570.1 
1,217.3 


580.2 
1,161.5 


Total 


1,149.4 


1,175.9 


1,192.2 


1,177.2 


1,320.5 


1,504.2 


1,789.6 


1,826.8 


1,787.4 


1,741.7 



1951 



Gold 

U.S. Dollars.... 


596.2 
1,147.4 


607.1 
1,134.8 


610.4 
1,043.0 


625.3 
1,039.0 


634.4 
1,047.2 


645.7 
1,037.3 

1,683.0 


662.9 
1,005.8 


672.7 
889.1 


682.6 
927.5 








Total 


1,743.6 


1,741.9 


1,653.4 


1,664.3 


1,681.6 


1,668.7 


1,561.8 


1,610.1 





* Gold and United States Dollars held by the Exchange Fund Account and Bank of Canada and United States Dollars held by Other Government of Canada 
Accounts; not including any part of an amount of $98.8 million in U.S. Funds borrowed in the United States in August 1949 by the Government of Canada and 
set aside for the purpose of retiring an equal amount of certain securities payable in U.S. dollars in following months. Also excludes, in September 1950 only, 
in amount of $50.0 million set aside from reserves, as well as $50.0 million obtained through a bond issue in New York, to redeem a Government of Canada 
ssue of $100 million, payable in U.S. dollars and falling due on October 1st. 



147 



Cents per unit 



SEPTEMBER 1951 



VII— FOREIGN EXCHANGE RATES 

Bank of Canada 
OFFICIAL RATES* 





U. S. Dollar in Canada 


£ Sterling in Canada 




Buying 


Selling 


Mid-rate 


Buying 


Selling 


Mid-rate 


1939 - Sept. 160> 

1945 - Oct. 15<»> 

1946 - July 6(») 
1949 - Sept. 20<»> 


110.00 
110.00 
100.00 
110.00 


111.00 
110.50 
100.50 
110.50 


110.50 
110.25 
100.25 
110.25 


443.00 
443.00 
402.00 
307.25 


447.00 
445.00 
404.00 
308.75 


445.00 
444.00 
403.00 
308.00 



MARKET RATESt 





U. S 


. Dollar in Canada 


£ Sterling in Canada 




High 


Low 


Noon aver. 


High 


Low 


Noon aver. 


Business Days 














1950— Oct. 


107.00 


104.56 


105.34 


299.60 


292.78 


294.96 


Nov. 


104.84 


103.25 


104.03 


293.50 


289.25 


291.23 


Dec. 


106.00 


104.59 


105.31 


296.75 


293.00 


294.86 


1951— Jan. 


105.94 


104.75 


105.17 


296.50 


293.50 


294.46 


Feb. 


105.38 


104.41 


104.92 


295.00 


292.44 


293.82 


Mar. 


105.25 


104.44 


104.73 


294.75 


292.50 


293.29 


Apr. 


106.81 


104.94 


105.99 


299.19 


293.88 


296.74 


May 


106.94 


105.38 


106.37 


299.50 


295.13 


297.89 


June 


107.31 


106.63 


106.94 


300.50 


298.50 


299.41 


July 


106.63 


105.53 


106.05 


298.50 


295.38 


296.90 


Aug. 


105.94 


105.09 


105.56 


296.50 


294.13 


295.46 


Sept. 


105.75 


105.19 


105.56 


296.00 


294.38 


295.46 



* Rates established by the Government commencing from the institution of exchange control on Sept. 16, 1939. 
(1) Dates on which official rates were established or changed. 
t Commencing Oct. 2, 1950, official rates of exchange were discontinued; market rates are quotations for transactions between banks in the exchange market. 

UNITED STATES DOLLAR IN CANADIAN FUNDS* 



CANADIAN DOLLARS 



CANADIAN DOLLARS 




* Market rate; see footnote to table above. 



SEPTEMBER 1951 



148 



VIII— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





Production 


Res- 
idential 
Con- 


Car 


Value 
of 


Employ- 
ment 
Index 


Aggregate 
Payrolls 














Index 










News- 


Central 


struction 


Loadings 


Department 


(3) 


(J) 




Gold 


Nickel 


Steel 


print 
(i) 


Electric 
Stations' 2 ' 


Contracts 
Awarded 




Store Sales 


Unadjusted 


Unadjusted 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 




Millions 








Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 


Thousands 


of Dollars 


1939 = 100 


1939 = 100 


VnnualTotalsM! 






















1932 


3,044 


15 


380 


2,186 


12,296 


29 


2,180 


254 


(5) 


(5) 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


289 


(5) 


(5) 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


158.3 


245.2 


1948 


3,530 


132 


3,202 


4,983 


40,607 


373 


4,060 


803 


165.0 


282.9 


1949 


4,124 


129 


3,187 


5,176 


42,103 


464 


3,907 


855 


165.5 


303.7 


1950 


4,441 


123 


3,384 


5,279 


46,085 


542 


3,906 


873 


168.0 


321.8 


2-mths. ending 






















Aug. 1951 


4,411* 


131* 


3,530* 


5,467 


50,479 


488 


4,192 


906 


177.1 


359.8 


Monthly 
950— May 


373.1 


11.0 


290.9 


459.9 


3,804 


54.2 


338 


73.7 


159.7 


305.8 


June 


368.3 


10.8 


276.4 


441.0 


3,706 


63.7 


354 


69.3 


166.0 


315.3 


July 


367.8 


9.3 


264.2 


439.3 


3,715 


74.2 


332 


54.8 


170.8 


328.3 


Aug. 


375.9 


7.7 


281.3 


466.4 


3,849 


48.5 


275 


61.4 


172.5 


332.5 


Sept. 


364.4 


11.7 


274.9 


437.6 


3,852 


56.3 


363 


78.3 


174.1 


328.0 


Oct. 


376.3 


10.3 


293.9 


456.4 


4,102 


54.8 


385 


83.8 


177.1 


346.6 


Nov. 


378.3 


11.9 


289.5 


456.7 


4,143 


44.0 


369 


98.2 


178.1 


351.7 


Dec. 


382.5 


10.3 


291.2 


430.6 


4,241 


28.5 


314 


118.9 


179.2 


356.2 


951— Jan. 


374.5 


10.9 


309.7 


453.0 


4,368 


16.0 


331 


58.3 


175.3 


338.2 


Feb. 


347.1 


9.6 


281.4 


425.1 


3,982 


25.0 


294 


58.4 


172.3 


351.5 


Mar. 


372.4 


11.6 


314.8 


473.0 


4,395 


32.0 


336 


72.6 


172.3 


353.8 


Apr. 


363.1 


10.5 


312.0 


447.6 


4,227 


49.8 


337 


75.2 


173.3 


357.8 


May 


369.4 


12.4 


313.3 


485.7 


4,407 


52.0 


380 


76.6 


175.6 


367.9 


June 


362.6 


11.8 


• 293.5 


464.3 


4,242 


50.3 


370 


69.5 


180.3 


379.0 


July 


344.4 


11.8 


274.6 


452.5 


4,205 


43.8 


350 


54.5 


183.6 


392.5 


Aug. 








484.6 


4,315 


35.2 


363 


61.5 


184.3 


393.8 



1) Source; Newsprint Association of Canada. Includes Newfoundland. (2) Total output less exports and secondary power. Includes Newfoundland 

commencing January 1950. (3) 9 Leading industries. First of month figures. (4) Average of months in case of Employment and Payrolls Indexes. 

*12-months ending July 1951. (5) Not available. 



Millions of Dollars 



IX— CASH INCOME FROM THE SALE OF FARM PRODUCTS* 

Dominion Bureau of Statistics 





BY PRODUCTS 


BY REGIONS 


Total 






u) 
Participa- 




Dairy 








Ontario 






(Incl. 
Certain 




Field 


tion & 


Livestock 


Products 


All 


Total 


Maritimes 


AND 


Western 


Total 






Crops 


Equaliza- 
tion Payts. 




Poultry & 
Eggs 


Other 






Quebec 


Provinces 




Payments) 


Calendar Years 
























1926 


561 


- 


193 


165 


44 


963 


40 


354 


570 


963 


963 


1929 


482 


- 


215 


189 


50 


936 


40 


373 


524 


936 


936 


1932 


186 


- 


80 


97 


25 


389 


21 


174 


193 


389 


389 


1935 


231 


- 


131 


124 


33 


519 


32 


223 


265 


519 


519 


1936 


254 


_ 


149 


140 


37 


580 


35 


253 


293 


580 


580 


1937 


263 


- 


186 


152 


39 


640 


38 


293 


310 


640 


640 


1938 


296 


- 


157 


169 


39 


661 


36 


300 


324 


661 


661 


1939 


333 


- 


179 


166 


39 


717 


35 


309 


373 


717 


719 


1940 


291 


- 


226 


184 


47 


748 


38 


338 


372 


748 


758 


1941 


314 


_ 


302 


230 


51 


896 


45 


421 


431 


896 


926 


1942 


347 


- 


374 


314 


63 


1,099 


58 


530 


512 


1,099 


1,154 


1943 


516 


- 


445 


367 


79 


1,407 


71 


585 


752 


1,407 


1,438 


1944 


778 


47 


514 


400 


90 


1,829 


75 


628 


1,126 


1,829 


1,847 


1945 


644 


10 


526 


422 


93 


1,696 


79 


691 


926 


1,696 


1,702 


1946 


668 


39 


503 


431 


101 


1,742 


87 


738 


917 


1,742 


1,759 


1947 


768 


79 


496 


497 


127 


1,967 


90 


832 


1,045 


1,967 


1,979 


1948 


841 


180 


726 


578 


138 


2,463 


105 


1,021 


1,338 


2,463 


2,484 


1949 


845 


220 


754 


537 


139 


2,495 


102 


1,027 


1,365 


2,495 


2,512 


1950 


709 


50 


821 


506 


138 


2,224 


108 


1,041 


1,074 


2,224 


2,237 


months ending 
























June 1949 


210 


213 


341 


249 


72 


1,085 


46 


482 


557 


1,085 


1,095 


June 1950 


203 


6 


377 


232 


69 


887 


51 


497 


340 


887 


901 


June 1951f 


254 


183 


465 


261 


83 


1,246 


57 


585 


603 


1,246 


1,255 



* Excludes Newfoundland. 

!1) Wheat participation and adjustment payments, oats and barley equalization payments and flax-seed adjustment payments. The wheat participation and 

adjustment payments for the years 1944 to 1950 inclusive amounted to 47, 10. 39, 74, 158, 211 and 8 million dollars respectively and 166 million dollars in 

the first 6 months of 1951. 
,2) Payments under the Wheat Acreage Reduction Act, the Prairie Farm Assistance Act and the Prairie Farm Income Act. t Preliminary. 



149 



SEPTEMBER 1951 



X— WHOLESALE PRICES 

Index 1 935-39 = 1 00 
CANADA 

Dominion Bureau 
of Statistics 





Farm Products* 


Raw & 


Fully & 












Partly 


Chiefly 


Total 










Manu- 


Manu- 




Fieldf 


Animal 


Total f 


factured 


factured 




Average of Months 














1926 


158.5 


130.2 


144.4 


129.1 


133.0 


130.3 


1932 


60.4 


70.5 


65.5 


75.5 


92.8 


86.9 


1937 


128.9 


106.0 


107.4 


113.7 


104.4 


107.7 


1946 


177.9 


181.2 


179.5 


140.1 


138.0 


138.9 


1947 


184.1 


200.2 


192.2 


164.3 


162.4 


163.3 


1948 


200.6 


263.7 


232.1 


196.3 


192.4 


193.4 


1949 


191.9 


265.4 


228.7 


197.1 


199.2 


198.3 


1950 


184.6 


281.4 


233.0 


212.8 


211.0 


211.2 


Monthly 














1950— May 


195.4 


272.8 


234.1 


206.9 


204.2 


204.7 


June 


197.7 


289.1 


243.4 


214.6 


207.1 


209.2 


July 


197.2 


296.4 


246.8 


218.8 


209.3 


212.0 


Aug. 


174.2 


298.5 


236.3 


221.2 


213.7 


215.7 


Sept. 


172.6 


297.1 


234.9 


226.0 


221.6 


222.6 


Oct. 


170.2 


286.8 


228.5 


220.0 


220.8 


220.0 


Nov. 


170.3 


290.5 


230.4 


221.9 


223.2 


222.4 


Dec. 


170.6 


298.4 


234.5 


225.1 


225.7 


225.2 


1951— Jan. 


173.5 


310.9 


242.2 


231.1 


233.6 


232.3 


Feb. 


177.9 


329.6 


253.7 


237.1 


240.0 


238.5 


Mar. 


181.2 


347.2 


264.2 


238.8 


244.1 


241.8 


Apr. 


181.6 


331.6 


256.6 


238.6 


244.9 


242.2 


May 


177.0 


336.1 


256.5 


238.9 


244.4 


241.9 


June 


174.4 


353.1 


263.8 


242.9 


243.7 


242.7 


July 


177.8 


358.9 


268.3 


242.5 


246.6 


244.2 


Aug. 


164.6 


348.3 


256.4 


237.1 


245.1 


241.5 



U.S.A. 

Bureau 
of Labor Statistics^ 



Farm 
Products 


Raw 

Materials 


Manu- 
factured 
Products 


Total 


131.6 


130.2 


120.8 


124.1 


63.4 


71.7 


84.9 


80.4 


113.7 


110.4 


105.3 


107.1 


195.5 


175.1 


139.9 


149.9 


238.1 


215.4 


176.1 


188.5 


247.9 


232.4 


192.5 


204.9 


217.7 


213.2 


182.6 


192.2 


224.3 


224.6 


189.4 


200.4 


216.7 


216.5 


183.8 


193.4 


218.3 


218.4 


185.4 


195.2 


231.6 


228.9 


190.8 


202.1 


233.7 


233.2 


194.7 


206.5 


237.4 


236.7 


198.1 


210.3 


233.9 


234.6 


197.5 


209.8 


241.7 


240.2 


199.4 


213.0 


246.6 


243.6 


204.0 


217.5 


255.5 


250.8 


209.1 


223.4 


266.6 


259.2 


211.8 


227.8 


268.2 


259.6 


212.3 


228.3 


266.4 


257.4 


212.7 


227.8 


262.6 


254.6 


212.8 


226.9 


261.3 


253.5 


212.0 


225.6 


255.3 


247.3 


211.5 


222.7 


250.8 


244.1 


210.7 


220.8 



(1) 

(2) 



100. 



U.K. 

Board of 
Traded 




302.1 
307.8 
315.8 
321.0 
322.0 
323.3 
322.2 
325.6 



Adjusted to 1935-39 - 100 from base 1926 

Adjusted to 1935-39 - 100 from base 1913 = 100 in the years 1926 to 1929 inclusive and from base 1930 = 100 thereafter. 

An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. Participation 

payments are included and the series revised whenever such payments are announced. f Revised from Aug. 1945 to July 1950 to include final five-year 

contract payment for wheat. 



Index 1935-39 = 100 



XI— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


1949 


203.0 


131.1 


183.1 


123.0 


167.6 


128.8 


160.8 


1950 


210.9 


138.3 


182.3 


132.9 


169.2 


132.6 


166.5 


First of Month 
















1950— Mar. 


204.0 


136.3 


181.4 


132.7 


166.3 


132.1 


163.7 


Apr. 


204.5 


138.0 


181.2 


132.7 


166.4 


132.3 


164.0 


May 


204.6 


137.5 


180.8 


132.7 


166.4 


132.3 


164.0 


June 


209.0 


137.1 


180.7 


132.7 


166.9 


132.4 


165.4 


July 


214.3 


137.7 


180.7 


134.9 


166.9 


132.5 


167.5 


Aug. 


216.7 


138.4 


180.9 


134.9 


168.9 


132.5 


168.5 


Sept. 


218.8 


140.8 


182.3 


135.5 


171.1 


132.8 


169.8 


Oct. 


220.1 


141.0 


183.5 


135.5 


172.7 


133.3 


170.7 


Nov. 


218.6 


140.6 


184.5 


136.4 


174.8 


133.4 


170.7 


Dec. 


218.8 


140.7 


184.9 


136.4 


176.4 


134.1 


171.1 


1951— Jan. 


220.2 


141.5 


187.1 


136.4 


179.8 


135.8 


172.5 


Feb. 


224.4 


141.7 


192.4 


136.4 


185.1 


137.0 


175.2 


Mar. 


233.9 


146.5' 


196.3 


137.6 


188.6 


137.8 


179.7 


Apr. 


238.4 


146.7 


198.8 


137.6 


190.7 


138.8 


181.8 


May 


235.4 


146.2 


201.5 


137.6 


194.9 


140.7 


182.0 


June 


239.8 


146.2 


202.5 


139.8 


197.1 


141.0 


184.1 


July 


249.7 


147.2 


202.9 


139.8 


197.4 


142.2 


187.6 


Aug. 


251.4 


148.2 


204.6 


139.8 


199.0 


143.7 


188.9 


Sept. 


251.1 


149.5 


206.9 


142.7 


199.1 


144.0 


189.8 



* Components were selected and weighted on the basis of 1938 family incomes ranging from $450-$2,500, with incomes between $1,000-$1,600 most common. 



SEPTEMBER 1951 



150 



Millions of Dollars 



XII— CONSUMER CREDIT OUTSTANDING! 

ESTIMATES OF SELECTED ITEMS 





Retail Credit Outstanding 


Cash Personal 








on the Books of 




Loans 


Total of 




Retail 
Dealers 


Instalment 






Selected 




Finance 
Companies' 1 ' 


Total 


Total <« 


Items 


1938 — Dec. 31 


258 


46 


304 


75 


379 


1939 — Dec. 31 


250 


38 


288 


85 


373 


1940 — Dec. 31 


270 


46 


316 


90 


406 


1941 — Dec. 31 


240 


49 


289 


92 


381 


1942 — Dec. 31 


170 


17 


187 


86 


273 


1943 — Dec. 31 


136 


7 


143 


87 


230 


1944 — Dec. 31 


141 


6 


147 


100 


247 


1945 — Dec. 31 


161 


8 


169 


128 


297 


1946 — Dec. 31 


201 


24 


225 


186 


411 


1947 — Dec. 31 


340 


48 


388 


240 


628 


1948 — Mar. 31 


310 


52 


362 


240 


602 


June 30 


344 


67 


411 


254 


665 


Sept. 30 


357 


70 


427 


258 


685 


Dec. 31 


411 


71 


482 


266 


748 


1949 — Mar. 31 


372 


72 


444 


268 


712 


June 30 


412 


99 


511 


286 


797 


Sept. 30 


415 


109 


524 


297 


821 


Dec. 31 


468 


116 


584 


308 


892 


1950 — Mar. 31 


421 


122 


543 


316 


859 


June 30 


451 


162 


613 


346 


959 


Sept. 30 


476 


192 


668 


374 


1,042 


Dec. 31 


547 


202 


749 


386 


1,135 


1951 — Mar. 31* 


492 


210 


702 


395 


1,097 


June 30* 


484 


228 


712 


402 


1,114 



f Retail credit outstanding on the books of retail dealers does not include Newfoundland. In the case of other lenders Newfoundland estimates have been 
included as available commencing June 30, 1949. 

(1) In connection with the financing of retail purchases of consumer goods, largely new and used automobiles. 

(2) Includes estimated personal loans by chartered banks, small loan companies, licensed money lenders and credit unions. 
* Preliminary. 

Note: Sources — Dominion Bureau of Statistics, Department of Finance, Department of Insurance, Department of Agriculture and Bank of Canada. Further 
information with respect to definitions, sources and methods, is available on request from the Research Department, Bank of Canada. 



CONSUMER CREDIT OUTSTANDING* 

ESTIMATES OF SELECTED ITEMS 



MILLIONS OF DOLLARS 




MILLIONS OF DOLLARS 

1250 



RETAIL DC 



^ ^ CASH PERSONAL LOANS— ^, 

INSTALMENT 
FINANCE COMPANIES 



1938 39 40 41 42 43 44 45 46 47 48 49 50 51 D M J S D M J S D M J S D M J S D 

1948 1949 1950 1951 

* See footnotes to table above. 




151 



SEPTEMBER 1951 



XIII— FOREST INDUSTRIES : TOTAL PRODUCTION 

Dominion Bureau of Statistics 



(i) 
Primary 
Products 



mm. cu. ft. 



Ll'MHI K 



mm. bd. ft. 



PULPU) PAPERU) 



thous. short tons 



TotalU) 
Timber 



mm. cu. ft. 



(l) 
Primary 
Products 



Saw-Milling 



Lumber 



Total 



Pulp and Paper 



Pulp(2) | PaperU) I Total 



millions of dollars 



CANADA 



QUEBEC 



ONTARIO 



BRITISH COLUMBIA 



MARITIMES 



1926 


1,008 


4,185 


850 


2,266 


2,264 


71.6 


101.1 


135.2 


42.0 


158.2 


200.2 


407.0 


1929 


1,(111 


4,742 


847 


3,197 


2,478 


72.9 


113.3 


147.0 


41.3 


193.0 


234.3 


454.2 


1932 


792 


1,810 


428 


2,291 


1,505 


36.6 


26.9 


38.5 


16.5 


113.9 


130.4 


205.5 


1942 


915 


4,935 


1,520 


4,232 


2,609 


55.6 


149.9 


192.9 


'.»;.'.) 


230.3 


327.1 


575.7 


1943 


941 


4,364 


1,456 


3,966 


2,476 


77.9 


151.9 


195.9 


96.3 


234.0 


330.4 


604.2 


1944 


937 


4,512 


1,406 


4,044 


2,508 


86.0 


170.4 


21G.6 


101.5 


255.5 


357.1 


659.7 


1945 


967 


4,514 


1,426 


4,360 


2,566 


93.5 


181.0 


231.1 


102.7 


282.8 


385.5 


710.1 


1946 


999 


5,083 


1,432 


5,347 


2,813 


108.9 


230.2 


287.9 


115.4 


397.0 


512.3 


909.1 


1947 


1,034 


5,878 


1,669 


5,775 


3,091 


113.9 


322.0 


402.1 


175.9 


507.1 


683.0 


1,199.0 


1948 


1,123 


5,909 


1,822 


6,064 


3,198 


140.9 


340.9 


409.3 


216.9 


582.3 


799.2 


1,349.4 


1949< 7) 


1,081 


5,915 


1,514 


6,540 


3,140 


123.6 


334.8 


396.4 


166.3 


641.5 


807.8 


1,327.8 



1926 


327 


581 


432 


1,177 


674 


19.3 


15.3 


25.2 


19.4 


81.9 


101.3 


145.7 


1929 


236 


626 


368 


1,781 


666 


12.5 


16.5 


28.3 


17.8 


107.5 


125.4 


166.2 


1932 


317 


359 


174 


1,057 


562 


11.7 


5.9 


9.9 


7.5 


53.8 


61.3 


82.9 


1942 


394 


1,011 


703 


2,180 


963 


25.2 


31.8 


40.4 


47.3 


117.9 


165.3 


230.9 


1943 


406 


962 


630 


1,987 


930 


33.8 


35.2^ 


45.6 


43.3 


117.3 


160.6 


240.1 


1944 


419 


1,010 


642 


2,153 


966 


41.0 


41. (i 


50.1 


46.6 


134.6 


181.2 


272.2 


1945 


434 


1,029 


632 


2,292 


994 


44.7 


45.8 


56.1 


45.0 


148.2 


193.2 


294.0 


1946 


434 


1,162 


583 


2,868 


1,070 


48.3 


55.2 


66.2 


46.3 


213.0 


259.3 


373.8 


1947 


431 


1,227 


649 


3,100 


1,114 


48.9 


63.3 


73.9 


66.1 


269.6 


335.7 


458.5 


1948 


435 


1,096 


675 


3,241 


1,117 


50.9 


58.9 


70.0 


77.6 


303.7 


381.3 


502.2 


1949 "> 


413 


1,128 


499 


3,222 


1,070 


43.8 


59.1 


69.6 


52.4 


310.8 


363.2 


476.6 



1926 


309 


865 


149 


895 


590 


21.8 


26.4 


30.9 


9.0 


63.7 


72.7 


125.4 


1929 


320 


913 


239 


1,080 


635 


22.0 


28.2 


32.7 


10.9 


66.8 


77.7 


132.4 


1932 


197 


212 


108 


759 


323 


10.0 


4.7 


5.5 


3.2 


38.2 


41.4 


56.9 


1942 


211 


625 


373 


1,314 


509 


14.1 


22.5 


28.3 


22.4 


75.2 


97.6 


140.0 


1943 


222 


544 


383 


1,267 


498 


20.6 


21.3 


26.7 


23.8 


78.2 


102.0 


149.3 


1944 


197 


587 


324 


1,152 


462 


17.7 


25.5 


30.3 


22.9 


77.2 


100.1 


148.2 


1945 


209 


522 


357 


1,268 


479 


20.2 


23.8 


29.7 


25.0 


86.4 


111.4 


161.3 


1946 


222 


673 


430 


1,580 


565 


24.4 


34.2 


41.5 


33.6 


120.9 


154.6 


220.5 


1947 


220 


733 


555 


1,731 


614 


23.4 


41.5 


51.2 


57.6 


158.6 


216.3 


290.9 


1948 


233 


760 


587 


1,838 


654 


27.6 


46.9 


58.8 


72.6 


187.2 


259.8 


346.2 


1949 < 7) 


219 


793 


527 


1,818 


632 


25.1 


49.8 


62.7 


61.5 


189.6 


251.1 


338.9 



1926 


113 


2,103 


67 


194 


564 


11.3 


44.3 


58.7 


3.9 


12.7 


16.6 


86.6 


1929 


142 


2,461 


66 


230 


642 


15.3 


51.2 


64.6 


3.3 


13.2 


16.6 


96.6 


1932 


44 


934 


21 


228 


272 


3.6 


11.9 


17.7 


1.1 


9.6 


10.8 


32.1 


1942 


15 


2,304 


165 


313 


532 


1.7 


67.7 


90.7 


10.8 


16.0 


26.8 


119.2 


1943 


30 


1,942 


163 


281 


476 


3.7 


65.8 


87.1 


11.8 


15.4 


27.2 


117.9 


1944 


36 


1,982 


167 


317 


504 


4.9 


70.1 


98.4 


12.9 


19.1 


32.0 


135.3 


1945 


38 


2,055 


180 


335 


519 


5.8 


76.4 


105.0 


14.2 


20.4 


34.6 


145.4 


1946 


40 


2,169 


159 


371 


540 


5.6 


96.4 


130.4 


14.4 


26.7 


41.1 


177.2 


1947 


48 


2,707 


195 


413 


666 


6.4 


164.2 


218.2 


24.0 


35.3 


59.4 


284.0 


1948 


104 


2,937 


255 


425 


724 


22.2 


185.0 


224.7 


32.8 


40.3 


73.1 


320.0 


1949 < 7) 


95 


2,951 


187 


472 


695 


16.3 


177.7 


209.6 


21.6 


46.5 


68.1 


294.0 



1926 


141 


479 


201 


(6) 


289 


12.8 


11.6 


16.5 


9.7 


(6) 


9.7 


38.9 


1929 


102 


494 


174 


107 


257 


9.6 


12.0 


15.5 


9.2 


5.6 


14.8 


40.0 


1932 


80 


196 


126 


247 


173 


6.0 


2.8 


3.8 


4.8 


12.4 


17.2 


27.0 


1942 


105 


588 


278 


424 


328 


7.5 


17.7 


22.1 


16.4 


21.2 


37.6 


67.1 


1943 


98 


543 


280 


432 


308 


9.7 


18.9 


24.4 


17.4 


23.1 


40.5 


74.7 


1944 


98 


532 


273 


422 


304 


11.0 


20.7 


23.8 


19.2 


24.6 


43.8 


78.6 


1945 


94 


529 


257 


465 


301 


10.4 


22.6 


26.4 


18.5 


27.9 


46.4 


83.3 


1946 


112 


659 


261 


529 


357 


16.4 


30.0 


34.0 


21.0 


36.2 


57.3 


107.7 


1947 


137 


757 


270 


532 


402 


20.4 


36.6 


40.9 


28.2 


43.6 


71.7 


133.0 


1948 


147 


620 


305 


560 


393 


23.9 


30.5 


34.8 


33.9 


51.2 


85.1 


144.4 


1949< 7) 


152 


601 


301 


1,028 


444 


21.8 


29.5 


34.0 


30.8 


94.6 


125.4 


181.2 



(1) Logs and pulpwood not used in saw-milling and pulp and paper industries, firewood, railway ties, poles and miscellaneous unmanufactured products. 

(2) Pulp production, less pulp consumed in paper manufacture. 

(3) Manitoba included with Maritimes commencing in 1929. 

(4) Estimated equivalent of products in terms of merchantable timber. 

(5) Total value of primary products, saw-mill production, pulp not used in making paper and paper production. 

(6) Maritimes production included with Quebec in 1926. 

(7) Preliminary. * Includes Newfoundland in 1949. 



SEPTEMBER 1951 



152 



FOREST INDUSTRIES : TOTAL PRODUCTION 



MERCHANTABLE TIMBER CUT 



BY PROVINCES 

MILLIONS OF CUBIC FEET 

4000F 



UTILIZATION 



ANNUAL TOTALS 



3000 L 



2000? 



1000 



PERCENTAGE DISTRIBUTION 



MILLIONS OF CUBIC FEET 

14000 



1926 1930 1935 1940 1945 

t Preliminary. * Includes Newfoundland in 1949. 



I949T 1926 



3000 




:2000 



PRODUCTION 



MM. FT. BM ,THOUS. TONS 

6000 



5000 



WOOD PRODUCTS 



ANNUAL TOTALS 



4000 



3000 



2000 



1000 



EXPORTS 

MM FT B M .THOUS. CORDS ,THOUS. TONS 




6000 



5000 



4000 



3000 



2000 



1926 1930 1935 1940 1945 19491- 1926 1930 1935 1940 1945 1949+ 

t Preliminary. Includes Newfoundland production for the whole of 1949. Exports include Newfoundland commencing April 1st. 



153 



SEPTEMBER 1951 



Millions of Bushels 



XIV— CANADIAN WHEAT : STATISTICAL POSITION 

Compiled from "Grain Trade of Canada" and the "Monthly Review of the Wheat Situation" 







Supplies 


Beginning of Period 




A pparent 


Available 
for 


Exports 1 " 




Crop Year 




Canadian 
Grain in 

U.S.A. 

Ports 






End of 
Period 
Stocks 


Beginning 
August 1 


Grain 

in 
Canada 


Total 
Carry- 
over 


Crop 


Total 
Supplies 


Domestic 
Dis- 
appearance 


Export 
and 

Carry- 
over 


of Wheat 
and 
Flour 


1931/32 


133 


6 


139 


321 


460 


117 


343 


207 


136 


1932/33 


130 


6 


136 


443 


579 


99 


480 


263 


218 


1933/34 


210 


8 


218 


282 


500 


104 


395 


193 


203 


1934/35 


193 


10 


203 


276 


479 


101 


378 


164 


214 


1935/36 


202 


12 


214 


282 


496 


122 


374 


247 


127 


1936/37 


108 


19 


127 


219 


347 


99 


247 


210 


37 


1937/38 


33 


4 


37 


180 


217 


97(2) 


120 


96 


25 


1938/39 


24 


1 


25 


360 


385 


122 


263 


160 


103 


1939/40 


95 


8 


103 


521 


624 


130 


493 


193 


300 


1940/41 


273 


28 


301 


540 


841 


129 


711 


231 


480 


1941/42 


448 


32 


480 


315 


795 


145 


650 


226 


424 


1942/43 


405 


19 


424 


557 


981 


171 


809 


215 


595 


1943/44 


579 


15 


595 


285 


879 


179 


700 


344 


357 


1944/45 


338 


18 


357 


417 


773 


112 


601 


343 


258 


1945/46 


238 


20 


258 


319 


577 


160 


417 


343 


74 


1946/47 


74 


_ 


74 


414 


487 


162 


329 


239 


86 


1947/48 


86 


- 


86 


342 


428 


155 


273 


195 


78 


1948/49 


78 


- 


78 


386 


464 


129 


335 


232 


102 


1949/50 


102 


- 


102 


371 


474 


137 


337 


225 


112 


1950/51 


112 


- 


112 


462 


574 


146 


428 


242M 


186 


1951/52 


185 


2 


186 


579 «> 


766 











(1) Canadian Customs figures adjusted for changes in stocks of Canadian wheat in U.S.A. Lake and Seaboard Ports until 1935/36; after that year Board of Grain 
Commissioners' clearances. (2) Exclusive of consumption of 5.7 mm. bushels imported from the United States. (3) Preliminary. (4) Estimate. 



MILLIONS OF DOLLARS 



CANADIAN WHEAT : STATISTICAL POSITION 

CROP YEAR ENDING JULY 31 



1000 



MILLIONS Or DOLLARS 

1000 




(U 



1940 41 42 43 44 4b 46 47 48 49 50 51 52 
Preliminary. 



1940 41 42 43 44 45 46 47 48 49 50 51 52 



SEPTEMBER 1951 



154 



XV— INTERNATIONAL TOURIST & TRAVEL EXPENDITURE 








Dominion Bureau of Statistics 










$mm. Canadian 


EXPENDITURE OF FOREIGN TRAVELLERS 


IN CANADA 










1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


1949 


1950 


Travellers from U.S.A. 
























By Automobile 


50 


54 


26 


17 


24 


57 


98 


118 


139 


145 


148 


By Rail 


27 


28 


32 


49 


67 


64 


61 


57 


56 


53 


44 


By Boat 


6 


7 


4 


6 


8 


13 


17 


22 


16 


14 


14 


By BusCD 


6 


7 


6 


5 


6 


13 


16 


17 


21 


24 


21 


Other* 2 ' 

Total U.S.A. 


9 


11 


11 


10 


11 


16 


24 


27 


35 


31 


34 


98 


107 


79 


87 


117 


163 


216 


241 


267 


267 


260 


Travellers from Overseas 
























Total 


7 


4 


3 


2 


3 


3 


6 


10 


13 


18 


15 


Total All Countries 


105 


111 


82 


89 


120 


166 


222 


251 


280 


285 


275 



EXPENDITURES OF CANADIAN TRAVELLERS IN FOREIGN 


COUNTRIES 






Travellers to U.S.A. 
























By Automobile 


10 


4 


3 


2 


4 


8 


22 


33 


25 


53 


67 


By Rail 


20 


9 


14 


22 


33 


39 


50 


52 


36 


46 


47 


By Boat 


1 


1 


1 


1 


1 


2 


3 


4 


3 


5 


4 


By Busd) 


3 


2 


3 


3 


9 


17 


29 


35 


26 


33 


42 


Other") 


6 


3 


5 


6 


10 


15 


27 


29 


24 


28 


33 


Total U.S.A. 


40 


18 


24 


34 


57 


81 


130 


152 


113 


165 


193 


Travellers Overseas 
























Total 


3 


3 


3 


3 


3 


2 


6 


15 


22 


28 


33 


Total All Countries 


43 


21 


27 


37 


60 


83 


136 


167 


135 


193 


226 



Estimated Balance of Pay- 
ments on Tourist Account 



62 



90 



55 



52 



60 



83 



86 



84 



145 



92 



49 



(1) Exclusive of local bus. 



(2) Airplanes, local bus, pedestrians, etc. 



INTERNATIONAL TOURIST AND TRAVEL EXPENDITURE 

MILLIONS OF CANADIAN DOLLARS CALENDAR YEARS MILLIONS OF CANADIAN DOLLARS 



400 



400 



300 



200 



100 



CANADIAN BALANCE OF PAYMENTS ON 
$MM. TOURIST AND TRAVEL ACCOUNT (mm. 

i6or~ ~r~ ~~r~ ~~ r~ i r6o 



120 ff\— 120 



















411 








vvv/Y/Mw/Y// 


v%y$y%Xvw/ 


HILL 


Mmm, 



EXPENDITURES OF FOREIGN - 
TRAVELLERS IN CANADA 




1926 27 



155 



SEPTEMBER 1951 



XVI— MERCHANDISE EXPORTS : COMMODITY CLASSIFICATION BY VOLUME (l) 

Compiled from ''Trade of Canada", Dominion Bureau of Statistics 





Wheat"' 


Wheat 
Flour 


Oats, 

Barley, 

Rye 


Live 
Cattle 


Beef 


Bacon 

and 

Hams 


Cheese 


Milk 
(powdered 
condensed 
evapo- 
rated) 


Fish 
(fresh 

and 
frozen) 


Fish 

(canned 

and salted 

etc.) 


Planks 

and 
Boards 


Pulp wood 




mm. bus. 


mm. bbls. 


mm. bus. 


.000 


.000 cwt. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. ft. 


.000 cords 


Calendar Years 


























1929 


211 


10 


27 


254 


301 


29 


93 


32 


122 


295 


1,755 


1,295 


1932 


228 


5 


34 


33 


41 


36 


87 


25 


84 


174 


674 


529 


1937 


106 


4 


17 


322 


161 


196 


89 


33 


140 


184 


1,858 


1,543 


1946 


183 


15 


40 


105 


1,306 


289 


106 


77 


256 


259 


2,069 


1,759 


1947 


150 


18 


23 


83 


426 


236 


56 


80 


203 


271 


2,726 


1,883 


1948 


145 


12 


54 


371 


1,228 


205 


40 


90 


212 


221 


2,460 


2,188 


1949 


211 


10 


52 


421 


1,002 


67 


53 


72 


205 


251 


2,181 


1,503 


1950 


162 


10 


41 


459 


840 


79 


63 


56 


267 


284 


3,575 


1,612 


l2'mtbs ending 


























July-1951 


185 


13 


69 


360 


1,033 


25 


43 


42 


275 


298 


3,698 


2,216 


Monthly 


























1950-Apr. 


9.0 


.7 


.8 


30.7 


38.5 


2.1 


.2 


2.6 


11.6 


15.9 


226.4 


54.4 


May 


22.3 


1.2 


4.1 


38.0 


72.0 


7.0 


.4 


5.7 


11.2 


17.6 


276.9 


41.1 


June 


18.7 


.9 


3.0 


47.0 


64.6 


1.7 


9.8 


4.6 


15.9 


20.1 


359.8 


127.6 


July 


13.4 


.7 


2.7 


31.1 


101.0 


1.1 


14.4 


4.8 


27.6 


22.2 


385.9 


122.9 


Aug. 


12.4 


.9 


1.6 


33.0 


105.4 


2.2 


13.4 


6.6 


41.3 


20.0 


363.2 


174.7 


Sept. 


14.1 


.5 


2.7 


36.0 


70.6 


1.0 


10.7 


6.4 


39.2 


26.9 


407.3 


166.2 


Oct. 


13.9 


.8 


3.5 


41.5 


65.8 


5.5 


7.9 


7.1 


36.1 


27.1 


417.4 


198.2 


Nov. 


17.8 


1.1 


5.0 


58.7 


81.7 


6.5 


4.3 


3.9 


27.2 


36.8 


304.2 


169.3 


Dec. 


10.2 


.9 


11.3 


40.3 


69.9 


4.6 


1.0 


1.1 


13.8 


27.2 


229.2 


141.9 


1951-Jan. 


11.8 


1.3 


4.0 


22.5 


43.3 


2.4 


.5 


1.0 


24.1 


31.1 


264.1 


180.3 


Feb. 


10.2 


1.0 


2.6 


20.8 


26.5 


.5 


.7 


1.1 


14.9 


23.8 


241.2 


182.9 


Mar. 


11.1 


1.2 


2.3 


27.3 


26.5 


.4 


.3 


1.3 


14.0 


23.4 


296.9 


218.4 


Apr. 


12.7 


1.3 


1.6 


24.1 


60.8 


.6 


.2 


1.8 


12.7 


22.1 


303.7 


154.1 


May 


17.7 


1.5 


10.4 


25.1 


151.2 


.4 


.1 


3.5 


16.4 


17.1 


286.1 


114.4 


June 


25.5 


1.0 


10.2 


18.4 


177.3 


.3 


1.3 


3.4 


15.2 


21.6 


265.7 


224.9 


July 


27.7 


1.2 


13.8 


12.1 


154.3 


.2 


2.6 


4.7 


20.3 


20.9 


318.6 


290.5 





Wood 
Pulp 


News- 


Autos 


Aluminum 


Copper 


Lead 


Zinc 


Nickel 


Silver 


Asbestos 




Non- 




and 


(unmanu- 


(unmanu- 


(unmanu- 


(unmanu- 


(unmanu- 


(unmanu- 


(unmanu- 


Fertilizer 


Monetary 




print 


Trucks 


factured) 


factured) 


factured) 


factured) 


factured) 


factured) 


factured) 




Gold 




.000 tons 


.000 tons 


.000 


.000 tons 


.000 tons 


.000 tons 


.000 tons 


.000 tons 


.000 fine oz 


.000 tons 


.000 tons 


.000 fine oz 


Calendar Years 


























1929 


831 


2,515 


102 


38 


123 


122 


84 


55 


21,938 


292 


222 


1,872 


1932 


452 


1,777 


13 


10 


133 


109 


88 


16 


16,992 


112 


124 


3,013 


1937 


871 


3,455 


66 


50 


219 


185 


170 


111 


20,389 


391 


273 


4,128 


1946 


1,419 


3,858 


68 


196 


136 


110 


207 


112 


4,180 


520 


780 


2,600 


1947 


1,699 


4,221 


84 


228 


142 


132 


183 


117 


10,237 


637 


791 


2,851 


1948 


1,798 


4,328 


48 


333 


178 


109 


206 


132 


8,729 


690 


692 


3,423 


1949 


1,549 


4,705 


30 


397 


199 


135 


281 


127 


10,267 


535 


706 


3,866 


1950 


1,846 


4,938 


34 


353 


188 


136 


282 


122 


11,849 


830 


742 


4,283 


12-mths ending 


























July-1951 


2,130 


5,105 


37 


357 


159 


151 


293 


121 


15,777 


956 


668 


4,277 


Monthly 


























1950-Apr. 


119.5 


395.5 


1.9 


29.6 


13.0 


5.1 


17.1 


9.0 


518.5 


55.7 


61.3 


296.6 


May 


153.3 


451.0 


3.4 


59.6 


21.3 


11.1 


22.0 


11.5 


683.3 


73.9 


71.3 


410.8 


June 


167.9 


418.0 


4.1 


33.0 


20.4 


14.7 


34.3 


12.1 


1,589.2 


70.1 


60.4 


390.1 


July 


135.8 


397.8 


3.2 


25.7 


15.2 


6.3 


29.7 


8.6 


1,372.2 


50.3 


50.7 


384.2 


Aug. 


156.2 


394.1 


2.1 


30.4 


12.8 


14.4 


25.6 


8.2 


1,006.2 


71.0 


48.2 


358.4 


Sept. 


170.4 


406.4 


3.0 


10.4 


16.8 


12.8 


28.7 


10.3 


970.6 


80.9 


58.3 


281.8 


Oct. 


180.8 


502.0 


3.2 


48.8 


15.2 


20.7 


21.0 


10.7 


529.6 


88.2 


53.6 


445.3 


Nov. 


181.5 


409.8 


4.2 


10.0 


11.7 


14.7 


31.0 


9.4 


1,880.8 


86.4 


61.7 


340.6 


Dec. 


172.2 


421.5 


3.0 


42.8 


13.7 


17.9 


20.5 


8.9 


1,200.1 


73.5 


65.2 


304.9 


1951-Jan. 


175.6 


408.1 


.6 


30.7 


13.0 


11.9 


28.8 


12.2 


1,397.8 


77.5 


58.1 


472.0 


Feb. 


149.6 


357.8 


.9 


22.4 


10.3 


7.1 


11.4 


7.9 


1,316.3 


53.5 


55.4 


321.1 


Mar. 


185.4 


436.6 


3.0 


32.4 


10.8 


11.7 


19.8 


11.2 


2,142.5 


99.8 


37.8 


229.4 


Apr. 


176.1 


424.1 


5.8 


38.4 


18.1 


9.5 


19.2 


11.6 


963.9 


89.0 


48.7 


438.9 


May 


188.6 


469.4 


3.6 


36.9 


10.6 


15.0 


22.6 


9.4 


1,473.9 


83.2 


74.6 


349.4 


June 


191.2 


390.2 


2.4 


9.9 


12.0 


6.1 


28.1 


8.9 


1,377.0 


79.8 


64.8 


373.1 


July 


201.6 


484.6 


4.8 


44.0 


13.7 


9.3 


36.9 


12.2 


1,518.4 


73.5 


41.5 


361.8 



(1) Includes foreign trade of Newfoundland as from April 1, 1949. Where quantity is shown in tons, a short ton of 2000 lbs. has been used. 

(2) After July 1936, export clearance figures are based on Board of Grain Commissioners rather than Customs data. 



EPTEMBER 1951 



156 



XVII— MERCHANDISE IMPORTS : COMMODITY CLASSIFICATION BY VOLUME ' 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 





















Cotton 


Cotton 


Wool 


Wool 

(yarns, 

fabrics 

and 

worsteds) 




Bananas 


Oranges 


Fresh 
Vegetables 


Sugar 


Coffee 


Tea 


Cocoa 


Distilled 
Beverages 


(raw and 
unmanu- 


(thread, 
yarns and 


(raw and 
unmanu- 




















factured) 


fabrics) 


factured) 




.000 cwt. 


.OOOcu.ft 


mm. lbs. 


.000 cwt. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


.000 gals. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


mm. lbs. 


ndar Years 


























1929 


3,944 


* 


* 


9,510 


28 


39 


25 


2,526 


151 


* 


19 


* 


1932 


3,098 


4,341 


131 


8,684 


31 


40 


20 


929 


107 


18 


18 


9 


1937 


3,528 


5,023 


213 


9,297 


38 


40 


27 


1,309 


171 


28 


37 


14 


1946 


5,322 


11,499 


698 


8,773 


85 


30 


61 


2,153 


193 


55 


65 


13 


1947 


3,649 


10,654 


388 


10,143 


51 


47 


34 


2,527 


205 


84 


52 


16 


1948 


3,332 


9,589 


187 


12,439 


88 


36 


41 


2,378 


184 


49 


61 


17 


1949 


2,997 


8,336 


366 


12,446 


98 


43 


46 


2,632 


221 


52 


45 


15 


1950 


2,843 


8,467 


562 


12,782 


83 


55 


46 


2,257 


246 


42 


51 


13 


ths ending 

y-1951 


2,797 


9,403 


500 


12,465 


90 


48 


41 


2,885 


257 


53 


52 


15 


fonthly 

>0-Apr. 


223.5 


642.1 


73.4 


479.5 


6.8 


6.5 


2.7 


127.1 


17.7 


3.7 


3.0 


1.0 


May 


318.8 


828.6 


100.7 


1,689.6 


7.5 


4.7 


7.1 


148.2 


21.0 


3.6 


4.9 


1.1 


June 


349.7 


775.4 


102.8 


1,496.1 


5.4 


4.9 


2.0 


160.1 


16.0 


3.5 


5.2 


1.1 


July 


333.0 


597.8 


50.3 


1,235.6 


7.0 


5.1 


3.2 


148.2 


15.3 


3.5 


5.0 


1.0 


Aug. 


325.5 


626.7 


5.2 


1,299.0 


7.5 


3.9 


6.9 


182.2 


17.9 


3.5 


5.0 


1.2 


Sept. 


247.6 


535.8 


6.9 


1,018.8 


9.2 


3.7 


4.4 


213.7 


23.8 


3.1 


3.7 


1.0 


Oct. 


216.1 


497.0 


18.0 


2,131.0 


8.6 


5.7 


1.7 


203.2 


26.9 


3.9 


4.3 


1.1 


Nov. 


199.5 


625.7 


22.7 


1,419.8 


8.0 


3.6 


3.2 


301.6 


22.6 


3.7 


3.4 


1.2 


Dec. 


165.3 


1,236.1 


26.7 


768.3 


4.7 


4.1 


2.4 


289.5 


27.3 


3.3 


4.0 


1.0 


)1-Jan. 


162.6 


803.7 


37.7 


453.1 


7.2 


5.2 


2.2 


280.7 


24.3 


6.4 


3.7 


1.4 


Feb. 


153.3 


812.9 


35.0 


250.7 


8.8 


2.1 


2.5 


193.5 


15.8 


5.3 


4.1 


1.2 


Mar. 


176.5 


936.8 


56.9 


451.7 


8.9 


4.8 


2.6 


313.6 


27.3 


5.8 


4.3 


1.1 


Apr. 


241.5 


830.8 


71.4 


803.3 


7.9 


3.9 


3.2 


231.1 


24.3 


7.1 


5.5 


1.8 


May 


281.6 


901.3 


88.8 


1,504.5 


7.6 


3.7 


1.1 


288.0 


25.7 


4.4 


3.8 


1.3 


June 


328.2 


847.5 


93.4 


1,240.5 


5.3 


4.0 


3.1 


201.3 


14.6 


3.3 


3.9 


1.0 


July 


299.1 


749.1 


37.2 


1,123.7 


6.7 


3.0 


7.2 


186.8 


6.8 


3.2 


5.8 


1.2 





Crude 
Rubber 


Iron 
Ore 


Pigs, 

Ingots, 

Blooms 

& Billets 


Bars, 

Rods 

and Rails 


Sheets 

and 
Plates 


Structural 
Iron 


Autos 

and 

Trucks 


Bauxite 
Ore 


Tin 


Coal 


Crude 
Petroleum 


Gasoline, 
Kerosene 

and 
Fuel Oils 




mm. lbs. 


.000 tons 


.000 tons 


.000 tons 


.000 tons 


.000 tons 


.000 


.000 tons 


.000 cwts. 


mm. tons 


mm. gals. 


mm. gals. 


ndar Years 


























1929 


80 


2,448 


86 


257 


653 


381 


45 


145 


57 


18 


1,067 


275 


1932 


47 


68 


11 


28 


255 


31 


1 


52 


31 


12 


910 


193 


1937 


81 


2,125 


20 


60 


491 


76 


20 


304 


59 


15 


1,362 


126 


1946 


30 


2,282 


20 


91 


487 


129 


22 


1,286 


84 


26 


2,219 


337 


1947 


77 


3,945 


21 


120 


483 


235 


43 


1,400 


89 


29 


2,418 


764 


1948 


96 


4,300 


62 


110 


460 


218 


21 


2,015 


81 


31 


2,717 


748 


1949 


90 


2,517 


84 


118 


601 


221 


39 


1,794 


82 


22 


2,649 


584 


1950 


104 


3,071 


60 


98 


551 


189 


89 


1,862 


108 


27 


2,805 


832 


iths ending 


























ly-1951 


122 


3,549 


113 


147 


708 


288 


80 


2,127 


129 


28 


3,004 


977 


lonthly 

30-Apr. 


8.3 


.2 


.3 


5.3 


31.8 


12.8 


7.9 


13.4 


6.4 


1.7 


157.3 


27.4 


May 


8.1 


116.1 


3.9 


4.9 


52.1 


16.0 


6.8 


117.0 


6.8 


2.5 


279.9 


70.8 


June 


5.7 


375.6 


2.8 


9.9 


48.4 


15.6 


11.1 


163.7 


10.8 


2.7 


278.5 


79.6 


July 


5.4 


459.0 


10.5 


8.8 


48.6 


14.8 


7.8 


262.1 


5.9 


2.3 


262.4 


75.8 


Aug. 


9.3 


455.3 


5.2 


6.5 


44.6 


13.5 


7.3 


216.9 


12.7 


2.6 


235.9 


100.9 


Sept. 


11.0 


596.5 


11.6 


9.7 


52.3 


16.5 


6.6 


350.7 


12.6 


2.8 


281.5 


95.6 


Oct. 


9.6 


416.9 


4.0 


17.2 


63.2 


20.8 


8.0 


320.7 


11.2 


3.0 


284.4 


104.9 


Nov. 


6.8 


541.0 


15.3 


15.5 


72.0 


21.1 


9.1 


326.7 


16.6 


3.0 


274.2 


100.3 


Dec. 


10.2 


98.7 


5.5 


7.8 


45.0 


16.5 


4.9 


64.5 


6.9 


1.9 


242.1 


80.3 


51-Jan. 


16.4 


1.0 


9.1 


13.1 


54.0 


20.9 


4.9 


39.2 


8.3 


2.0 


248.5 


52.9 


Feb. 


9.2 


1.2 


7.8 


8.0 


45.8 


18.1 


4.9 


23.8 


8.0 


1.9 


180.4 


46.5 


Mar. 


13.2 


3.7 


19.0 


9.5 


57.3 


21.7 


5.8 


19.3 


13.1 


1.4 


204.4 


53.3 


Apr. 


8.5 


43.0 


9.2 


13.1 


70.4 


30.5 


9.3 


60.2 


10.9 


1.9 


241.8 


41.9 


May 


11.2 


228.7 


5.2 


12.9 


63.6 


40.7 


8.9 


187.6 


11.8 


2.5 


271.3 


94.9 


June 


8.9 


558.0 


8.6 


15.5 


66.2 


31.3 


6.4 


227.0 


5.3 


2.5 


238.0 


84.8 


July 


8.0 


605.4 


12.0 


18.1 


73.8 


36.5 


3.7 


290.4 


11.1 


2.4 


301.4 


122.6 


Includes 


imports froi 


n Newfound 


land until W 


arch 31, 19' 


19 and impoi 


ts into New 


oundland fr 


om other co 


jntries there 


after. Whe 


re quantity 


is shown in 


tons, a si 


lort ton of 2< 


)00 lbs. has t 


teen used. 


* Not avail 


able. 

















157 



Millions of Dollars 



SEPTEMBER 195 



XVIII— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTS'"* 





TOTAL EXPORTS (EXCLUDING GOLD) TO 


Net 
Non- 
monetary 








U.K. 


Union 


Other 


Western 


Central 




Total 




U.S.A. 


U.K. 


Dependen- 


of 


Sterling 


Europe & 


and 


Other 


All 


Gold 








cies 


South 
Africa 


Area 

(3) 


Colonies 
(4) 


South 
America 


(5) 


Countries 


Exports 


Calendar Years 






















1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


96 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


99 


1948 


1,516 


719 


95 


83 


115 


307 


127 


164 


3,125 


119 


1949 


1,529 


710 


72 


76 


151 


254 


132 


99 


3,022 


139 


1950 


2,050 


472 


52 


44 


108 


201 


154 


75 


3,156 


162 


12 Mths. end'g 






















Aug. 1951 < 6 > 


2,317 


554 


64 


49 


123 


287 


177 


114 


3,684 


156 


Monthly 






















1950-Mar. 


158.6 


32.8 


4.2 


2.5 


8.3 


11.9 


8.4 


7.6 


234.3 


13.5 


Apr. 


139.3 


25.1 


4.3 


4.1 


7.3 


8.2 


15.8 


4.9 


209.0 


11.4 


May 


178.6 


53.3 


4.6 


4.8 


16.5 


17.8 


14.0 


7.2 


296.8 


15.8 


June 


178.9 


52.9 


3.7 


5.5 


9.1 


17.6 


15.0 


6.8 


289.4 


15.0 


July 


170.1 


31.9 


4.9 


4.3 


9.7 


19.4 


11.2 


4.1 


255.5 


14.8 


Aug. 


170.9 


41.4 


3.8 


2.0 


6.1 


18.2 


14.6 


6.1 


263.2 


13.8 


Sept. 


195.5 


34.6 


5.3 


3.6 


8.2 


15.8 


17.0 


4.9 


285.0 


10.8 


Oct. 


207.2 


45.9 


4.3 


4.9 


7.0 


23.5 


15.4 


5.9 


314.0 


16.4 


Nov. 


196.0 


39.7 


4.7 


2.9 


11.9 


25.4 


13.9 


6.6 


301.0 


12.3 


Dec. 


190.5 


36.2 


3.2 


2.6 


11.4 


20.7 


13.1 


4.4 


282.0 


11.3 


1951-Jan. 


191.2 


40.0 


4.8 


3.9 


10.4 


16.2 


14.1 


10.8 


291.4 


17.3 


Feb. 


155.4 


33.0 


3.8 


1.2 


10.1 


14.6 


11.4 


7.8 


237.4 


11.7 


Mar. 


193.8 


38.9 


4.7 


3.6 


13.4 


14.5 


12.5 


9.9 


291.4 


8.4 


Apr. 


188.5 


43.8 


5.2 


6.5 


11.4 


17.8 


14.9 


15.2 


303.4 


16.2 


May 


206.2 


51.4 


6.3 


4.3 


9.2 


20.6 


18.0 


15.9 


331.9 


13.0 


June 


191.6 


55.5 


5.8 


4.8 


6.5 


35.9 


12.4 


10.7 


323.2 


13.8 


July 


205.4 


70.9 


8.6 


6.9 


11.0 


47.5 


16.2 


12.0 


378.5 


13.4 


Aug.<« 


195.4 


63.6 


6.8 


4.1 


12.4 


34.4 


18.1 


9.7 


344.5 


11.0 


Millions of L 


ollars 




Ml 


5RCHANDISE IMPOI 


ITS"'* 




























Excess of 








TOTAL 


IMPORTS (EXCLUDING 


GOLD) FRO 


VI 






Merch- 
andise 
Exports 

over 








U.K. 


Union 


Other 


Western 


Central 


All 


Total 




U.S.A. 


U. K. 


Dependen- 


of 


Sterling 


Europe & 


and 


Other 


All 


Merch- 






(2) 


cies 


South 
Africa 


Area 
(3) 


Colonies 

(4) 


South 
America 


(5) 


Countries 


andise 
Imports 


Calendar Years 






















1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


514 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


225 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


489 


1949 


1,952 


306 


107 


4 


77 


83 


193 


39 


2,760 


263 


1950 


2,130 


403 


135 


5 


103 


114 


215 


68 


3,173 


17 


12 Mths. end'g 






















July 1951 «> 


2,661 


451 


171 


6 


134 


160 


264 


87 


3,934 


331 


Monthly 






















1950-Mar. 


160.9 


32.7 


7.4 


.8 


6.1 


6.7 


18.3 


4.5 


237.3 


3.1 


Apr. 


162.2 


29.5 


5.7 


.2 


7.2 


6.4 


14.9 


4.7 


230.9 


21.9 


May 


195.5 


36.3 


16.0 


.6 


7.6 


8.8 


18.8 


6.5 


290.2 


6.6 


June 


188.3 


37.1 


13.4 


.4 


9.7 


10.1 


15.2 


8.3 


282.4 


6.9 


July 


170.6 


32.7 


12.6 


.3 


9.1 


9.8 


18.2 


6.1 


259.5 


3.9 


Aug. 


172.6 


34.3 


14.1 


.2 


7.3 


10.9 


21.9 


6.0 


267.3 


4.0 


Sept. 


177.4 


36.2 


14.7 


.6 


8.4 


11.0 


25.4 


6.0 


279.7 


5.3 


Oct. 


208.3 


41.6 


14.8 


.5 


12.2 


13.8 


22.0 


7.3 


320.5 


6.5 


Nov. 


214.8 


39.5 


16.0 


.8 


13.8 


15.3 


20.6 


6.5 


327.3 


26.3 


Dec. 


182.3 


32.0 


11.7 


.2 


8.3 


10.4 


16.2 


5.1 


266.3 


15.7 


1951-Jan. 


233.3 


33.9 


12.5 


.2 


10.2 


9.5 


22.1 


5.4 


327.1 


35.7 


Feb. 


199.0 


27.8 


7.8 


.4 


6.7 


9.1 


17.0 


6.2 


274.2 


36.7 


Mar. 


245.7 


30.4 


12.2 


.5 


12.3 


11.4 


22.5 


7.4 


342.5 


51.1 


Apr. 


278.3 


48.9 


12.7 


.5 


9.2 


14.1 


22.2 


7.0 


393.0 


89.7 


May 


273.2 


43.2 


19.7 


.8 


11.6 


18.5 


27.3 


10.5 


404.7 


72.8 


June 


241.5 


39.9 


15.2 


.6 


14.9 


17.0 


23.4 


7.9 


360.4 


37.2 


July' 6 ' 


234.7 


43.3 


19.2 


.6 


19.0 


18.9 


23.5 


11.3 


370.6 


7.9 


Aug."* 


231.5 


39.0 














358.8 


14.3 



(2) 



Commencing April 1, 1949, external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

Includes exports of foreign produce. In the case of wheat, export figures 
are based on Board of Grain Commissioners rather than Customs data. 
Imports from the United Kingdom do not include articles imported for 
the use of the armed forces of the United Kingdom. In the years 1946 and 



(3) 

(41 
(5) 

(6) 



1947 articles admitted free under Order in Council (9213) and the item 

"Canadian Goods Returned" (9195) are excluded. 

Consists of Eire, India, Pakistan. Burma, Australia, New Zealand, Iceland, 

Ceylon and Iraq. Egypt is included in All Other. 

Excludes Spain, but includes Greece. Turkey, and British Sudan. 

Includes Egypt, Spain. Palestine, and also Newfoundland until March 31, 

1949. 

Preliminary. (7) Estimates. 



SEPTEMBER 1951 



158 



XIX— U.S.A. STATISTICS 



Federal Reserve Board or Dept. of Commerce Statistics unless otherwise stated. 



MILLIONS OF PERSONS 



POINTS IN TOTAL INDEX 



POINTS IN TOTAL INDEX 



3000 



2000 



1000 




DMJS DMJ SOMJSDMJSO 







BILLIONS OF DOLLARS 



Billions of oollars 




220 260 



210 240 



200 220 



90 200 



180 180 



70 160 




■TATISTICAL SUMMARY 



ANK OF CANADA 



Tables 



Charts 



Pages 



Bank of Canada : 

Liabilities and Assets: 

Chartered Banks: 



II 

III 
IV 



V 
VI 

VII 



VIII 



IX 

X 

XI 

XII 

XIII 

XIV 



Canadian Loans and Securities other than 
Government of Canada .... 
Chartered Banks: Agricultural, Industrial and Commercial Loans 
Chartered Banks: 

Liabilities and Assets 

General Public Holdings of Certain Liquid Assets 
Chartered Banks: 

Estimated Quarterly Classification of Loans in Canada 
Annual Classification of Public Demand and Notice Deposits 
in Canadian Currency .... 

Foreign Exchange Rates 

Government Bond Yields and Treasury Bill Rates 

Yields of Government Bonds: Canada, U.K. and U.S.A. 
Corporate Financial Statistics for 626 Companies : 
Total 626 Companies: Summary Statements 

Source and Use of Funds 
Year-end Balance Sheet . 
Net Income to Stockholders 

1. Assets over $25 mm. 

2. Assets $5 mm. to $25 mm. 

3. Assets $1 mm. to $5 mm. 

4. Assets under $1 mm. 
Public Finance: Provincial Governments: 

Outstanding Debt . 

Current Revenue 

Current Expenditure 
Bond Issues and Retirements 
Canadian Gold Statistics 
Business Activity 
Wholesale Prices 
Cost of Living .... 
Merchandise Trade: Exports and Imports by Countries 



By Asset Groups: 



159 - 160 

159 

160 

161 - 162 
161 - 162 

163 - 164 

165 
165 
166 
166 

167 
167 
167 
168 
169 
170 
171 
172 

173 - 174 
175 
176 
177 
178 
178 
179 
179 
180 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



OCTOBER 1951 



159 
















OCTOBER 195 


Millions of Dollars 














I— B(NI 




LIABILITIES 




Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other 

Deposits 


Foreign 
Currency 
Deposits' 1 ' 


Active 
B. of C. 

Note 
Circulation 


All 
Other 

Accounts 


Tal 
Liabiti. 

As ts 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 
Month-end Figures 
1935—10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 




50.1 


6.6 


2.. 


1937—12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


3 . 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


41;. 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,8 i. 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,8. 


1947 


152.8 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,9. 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,9. 


1949 


180.8 


567.7 


748.4 


98.4 


79.9 


57.4 


1,086.8 


38.7 


2,1 . 


1950 


192.3 


561.6 


753.9 


41.9 


206.2 


101.4 


1,100.9 


37.8 


2,2.: 


End of 

1950— June 


154.7 


544.5 


699.2 


35.3 


215.8 


89.6 


1,121.1 


40.5 


2,2.. 


July 


200.3 


552.7 


753.0 


19.6 


228.9 


94.6 


1,093.9 


34.4 


2,2.: 


Aug. 


220.2 


568.2 


788.3 


16.7 


233.1 


106.2 


1,083.6 


36.9 


2,2 t 


Sept. 


179.3 


555.8 


735.1 


22.0 


258.2 


89.6 


1,139.1 


38.6 


2,2 .( 


Oct. 


211.8 


621.7 


833.5 


39.0 


235.2 


143.3 


1,110.0 


48.3 


2,4 4 


Nov. 


204.1 


578.8 


782.9 


45.3 


221.0 


149.7 


1,119.4 


56.3 


2,3 ,t 


Dec. 


231.3 


578.6 


809.9 


24.7 


207.1 


133.6 


1,136.1 


39.0 


2,3. .: 


1951— Jan. 


219.6 


537.6 


757.3 


68.3 


204.4 


136.0 


1,074.8 


53.3 


2,2!. 1 


Feb. 


202.8 


550.5 


753.3 


69.5 


204.6 


128.9 


1,092.6 


39.8 


2,21.: 


Mar. 


185.1 


552.9 


738.0 


70.5 


206.7 


88.5 


1,134.4 


28.7 


2,2i .h 


Apr. 


203.1 


556.1 


759.2 


56.9 


215.1 


137.7 


1,119.9 


58.9 


2,3- .7 


May 


214.8 


530.1 


744.8 


76.2 


221.5 


129.9 


1,122.7 


38.8 


2,31 .1 


June 


177.1 


590.7 


767.8 


75.3 


220.1 


132.8 


1,174.2 


32.2 


2,4( 4 


July 


226.0 


558.2 


784.2 


91.1 


212.6 


146.7 


1,144.5 


56.2 


2,4.' 3 


Aug. 


189.7 


580.4 


770.1 


115.0 


185.7 


143.0 


1,181.0 


62.8 


2,4! 6 


Sept. 


195.2 


579.4 


774.6 


105.6 


140.0 


116.3 


1,192.8 


38.5 


2,3( c 


(1) Includes foreign exchange items for a( 
gold and foreign exchange holdings, over a 


'count of foreigr 
nd above its sh 


i clients and als 
Drt-tertn require 


d Government of Canada and F.E.C.B. commencing March 31, 1949. if May 1940 and 8 »e 
ments and necessary working balances, were sold to the Foreign Exchange Control Jur 


CHARTERED E 


3ANKS : C 


;anadian 


LOANS 


AND SECURITIES OTHER THAN 










GOVERNN 


1ENT OF 


CANADA 











MILLIONS Or DOLLARS 

2400 



2000 



MILLIONS Or DOLLARS 

2400 



2000 




* Seasonal variations in this item mainly reflect changes in loans to grain dealers and temporary borrowings to finance the purchase of 
Canada Savings Bonds. 



OCTOBER 1951 
CANADA 



160 

Millions of Dollars 



ASSETS 






Silver 


Foreign* 1 ' 
Exchange 


Securities 


Advances 


All 

Other 

Accounts 




old 


Govt, of Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 






Under 2 yrs. 


Over 2 yrs. 
























Average of 






















Month-end Figures 


1.2 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935—10 Mths. 


2.0 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937—12 Mths. 


0.8 


- 


41.7 


142.8 


46.2 


- 


- 


189.1 


.2 


6.7 


1939 


* 




• 


• 


• 






• 










- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 


_ 


- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 


_ 


- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 


_ 


- 


.4 


1,133.3 


787.7 


25.0 


- 


1,946.0 


- 


26.7 


1948 


_ 


- 


53.1 


1,421.8 


571.9 


25.0 


4.3 


2,023.0 


- 


33.4 


1949 


- 


- 


110.2 


1,503.3 


467.8 


25.0 


100.5 


2,096.6 


— 


35.4 


1950 

End of 


_ 


- 


84.2 


1,436.7 


622.0 


25.0 


5.5 


2,089.2 


- 


28.2 


June— 1950 


_ 


- 


89.2 


1,431.0 


638.7 


25.0 


5.5 


2,100.2 


- 


35.1 


July 


_ 


- 


161.5 


1,420.4 


569.2 


25.0 


60.3 


2,074.9 


- 


28.5 


Aug. 


- 


- 


212.3 


1,406.1 


444.6 


25.0 


170.0 


2,045.6 


- 


24.7 


Sept. 


_ 


- 


152.5 


1,381.4 


435.7 


25.0 


360.7 


2,202.9 


- 


54.0 


Oct. 


_ 


- 


127.4 


1,170.0 


662.0 


25.0 


328.1 


2,185.1 


- 


62.1 


Nov. 


_ 


- 


111.7 


1,229.3 


712.5 


25.0 


247.9 


2,214.7 


- 


24.0 


Dec. 


_ 


- 








25.0 






- 






- 


- 


118.1 


1,171.0 


731.5 




200.3 


2,127.7 


- 


48.2 


Jan. — 1951 


- 


- 


117.5 


1,165.4 


757.0 


25.0 


168.7 


2,116.1 


- 


55.1 


Feb. 


_ 


- 


80.2 


1,341.9 


673.7 


25.0 


114.4 


2,155.1 


- 


31.6 


Mar. 


- 


- 


129.0 


1,327.6 


722.5 


25.0 


70.6 


2,145.7 


- 


73.0 


Apr. 






125.4 


1,313.7 


777.3 


25.0 


45.3 


2,161.3 




47.4 


May 


- 


- 


117.0 


1,335.2 


846.3 


25.0 


58.8 


2,265.4 


- 


20.1 


June 


- 


- 


117.0 


1,327.4 


872.5 


25.0 


51.4 


2,276.3 


- 


41.9 


July 


- 


- 


100.1 


1,349.6 


888.1 


25.0 


44.1 


2,306.9 


- 


50.6 


Aug. 


- 


— 


87.1 


1,297.6 


896.1 


25.0 


31.2 


2,249.9 


" 


30.8 


Sept. 



ea give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order, 
that date the Bank's minimum gold reserve requirement has been suspended. 



Under these orders the Bank's 



CHARTERED BANKS : AGRICULTURAL, INDUSTRIAL AND COMMERCIAL LOANS" 



MILLIONS OF DOLLARS 

1000 



MILLIONS OF DOLLARS 

000 




* Excluding loans to grain dealers. 
** Including loans to instalment finance companies. 



161 




















OCTOBER 1951 




















II— CHAT! 


Millions of Dollars 


















Bk 




LIABILITIES 






Notes 


Deposits 


Cash 
in <j) 
Canada 


Securities 




Demand 


Notice 


Govt, of 
Canada 


Canadian 
Deposits 


Foreign 


Total 
Deposits 


Govt, of 
Canada 


Prov- 
incial 


Foreign 
Govt. 


sr 










and Prov. 


(i) 




(2) 












As at Dec. 31 


























1929 


175 


729 


1,434 


92 


2,270 


442 


2,820 


228 


297 


151 


1932 


127 


466 


1,378 


72 


1,928 


329 


2,306 


211 


562 


216 


1937 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


1,111 


59 


2 


1948 


16 


2,544 


4,057 


426 


7,099 


811 


8,002 


738 


2,959 


476 


242 


C 


1949 


14 


2,426 


4,433 


367 


7,348 


730 


8,177 


753 


3,112 


445 


242 


£ 


1950 


-(6) 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 


£ 


End of 


























1950— July 


- 


2,493 


4,529 


265 


7,389 


742 


8,233 


753 


3,017 


419 


225 


5 


Aug. 


- 


2,618 


4,543 


412 


7,672 


728 


8,522 


788 


3,258 


416 


215 


5 


Sept. 


- 


2,709 


4,582 


306 


7,659 


709 


8,569 


735 


3,188 


424 


230 


5 


Oct. 


- 


2,822 


4,559 


358 


7,887 


706 


8,724 


834 


3,173 


404 


201 


5 


Nov. 


- 


2,824 


4,543 


452 


7,995 


716 


8,845 


783 


3,081 


416 


205 


5 


Dec. 


- 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 


5 


1951— Jan. 


- 


2,638 


4,577 


533 


7,884 


724 


8,739 


757 


3,054 


401 


188 


6' 


Feb. 


- 


2,612 


4,618 


445 


7,841 


734 


8,702 


753 


2,887 


398 


190 


6 


Mar. 


- 


2,487 


4,614 


523 


7,753 


719 


8,625 


738 


2,801 


373 


210 


6i 


Apr. 




2,725 


4,598 


360 


7,856 


749 


8,742 


759 


2,742 


368 


208 


61 


May 


- 


2,692 


4,589 


405 


7,829 


747 


8,718 


745 


2,720 


370 


190 


6< 


June 


- 


2,578 


4,559 


455 


7,697 


763 


8,618 


768 


2,681 


366 


192 


5! 


July 


- 


2,675 


4,580 


403 


7,809 


753 


8,705 


784 


2,696 


356 


195 


5! 


Aug. 


- 


2,675 


4,583 


409 


7,799 


808 


8,775 


770 


2,679 


355 


210 


5! 


Sept. 


~~ 


2,651 


4,595 


391 


7,724 


769 


8,674 


775 


2,734 


353 


208 


5) 


(1) Estimated m 


Dnth-end de| 


>osits payabl 


e in Canadia 


n currency. 


(2) Inclu 


des inter-bank deposits. 


(3) Unti 


March 1935: Gold and Coin in Canada. . m 


end Canadian del 


osits in 1926 


-35 and mon 


till v average 


deposits in 1 


936 and after 


(5) Bai 


ik of Canada 


notes in pu 


j>lic circulation and until January 1950 chi 1 


January 1950: lia 


aility for out 


standing not 


■8 issued for 


circulation ir 


Canada tra 


isferred to B 


ank of Cana( 


la during January 1950. 




















Ill— GENERAL PUBLIC HOLDIP5 




















Currency, Bank Deposits ,| 


Millions of Do 


'lars 


















Bai 




Currency and Active Bank Deposits 


Tol 

Cun ii 

at 




Currency 
Outside Banks 


Active Bank Deposits 




Chartered Banks 


(7) 

Bank of 






























Notes <»> 


Coin<*> 


Total 


Demand 


Active' 4 * 
Notice 


Other'" 

excl. 

Govt. 

of Canada 


Total 


Deduct^ 
Float 


Net 
Total 


Canada 
"Other" 
Deposits 


Total 


Acl e 

Ba . 

Depot 


Aeat Dec. 31 


























1948 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


4,3; 


1949 


1,110 


74 


1,184 


2,426 


682 


338 


3,446 


335 


3,111 


127 


3,238 


4,4 


1950 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,8 


End of 


























1950— July 


1,094 


75 


1,169 


2,493 


695 


318 


3,506 


355 


3,151 


229 


3,380 


4,5 


Aug. 


1,084 


75 


1,159 


2,618 


696 


323 


3,637 


351 


3,286 


233 


3,519 


4,6 


Sept. 


1,139 


77 


1,216 


2,709 


699 


389 


3,797 


352 


3,445 


258 


3,703 


4,9 


Oct. 


1,110 


77 


1,187 


2,822 


695 


437 


3,954 


451 


3,503 


235 


3,738 


4,9 


Nov. 


1,119 


77 


1,196 


2,824 


694 


419 


3,937 


476 


3,461 


221 


3,682 


4,8 


Dec. 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,8 


1951— Jan. 


1,075 


76 


1,151 


2,638 


702 


395 


3,735 


402 


3,333 


204 


3,537 


4,6 


Feb. 


1,093 


76 


1,169 


2,612 


709 


415 


3,736 


448 


3,288 


205 


3,493 


4,6 


Mar. 


1,134 


78 


1,212 


2,487 


711 


428 


3,626 


376 


3,250 


207 


3,457 


4,6< 


Apr. 


1,120 


78 


1,198 


2,725 


709 


429 


3,863 


499 


3,364 


215 


3,579 


4,7' 


May 


1,123 


79 


1,202 


2,692 


707 


398 


3,797 


467 


3,330 


222 


3,552 


4,7: 


June 


1,174 


81 


1,255 


2,578 


707 


385 


3,670 


395 


3,275 


220 


3,495 


4,7: 


July 


1,145 


80 


1,225 


2,675 


709 


396 


3,780 


468 


3,312 


213 


3,525 


4,71 


Aug. 


1,181 


81 


1,262 


2,675 


712 


381 


3,768 


497 


3,271 


186 


3,457 


4,7 


Sept, 


1,193 


82 


1,275 


2,651 


715 


371 


3,737 


387 


3,350 


140 


3,490 


4,7. 



-J^ The term General Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings see Table III, page 127 in the August Statistical Summary. 
f Chartered banks' Newfoundland branch statistics are included as from 
April 1st. 1949. 

**The whole of the increase or decrease in Canada's foreign exchange reserves 
is embodied in the related factors in this table; to the extent that such 
changes do not appear in the column "Bank of Canada Gold and Exchange 
Holdings (net)" they affect changes in "Government of Canada Direct 
and Guaranteed Funded Debt." 

(1) Note Circulation of Bank of Canada and. prior to 1950, of the chartered 
banks; excluding notes held by chartered banks. 



(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada and 
chartered banks in Canada. 

(3) Chartered banks' public demand deposits in Canada. 

(4) Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts and 
non-personal notice deposits. 

(5) Chartered banks' Canadian dollar deposits of provincial governments, 
and of Canadian. United Kingdom, and foreign banks. 

(6) Cheques on other banks as shown in chartered bank month-end returns 
to the Minister of Finance. 

(7) Other Deposits with the Bank of Canada as shown in published month-end 
statements — i.e. excluding Government of Canada, chartered bank and 
foreign currency deposits. 



OCTOBER 1951 



162 



) BANKS 

ada 



\SSETS 




Loans 






CANADA 


ABROAD 


Total 

Assets 


tal 


Call 


Current 


Current 


Call 


Current 






Public 


Other 








148 


262 


1,403 


122 


245 


251 


3,521 


778 


103 


964 


140 


91 


152 


2,852 


111 


76 


749 


113 


60 


166 


3,281 


268 


101 


2,077 


71 


78 


240 


8,580 


345 


133 


2,174 


97 


70 


211 


8,718 


286 


134 


2,651 


125 


100 


247 


9,496 


240 


94 


2,287 


98 


95 


223 


8,796 


478 


99 


2,294 


98 


95 


220 


9,102 


136 


101 


2,352 


121 


110 


233 


9,162 


J49 


115 


2,449 


116 


117 


230 


9,323 


280 


164 


2,611 


126 


96 


234 


9,450 


286 


134 


2,651 


125 


100 


247 


9,496 


248 


118 


2,671 


124 


113 


252 


9,379 


)93 


109 


2,736 


136 


114 


256 


9,354 


)86 


94 


2,856 


152 


96 


252 


9,284 


}24 


87 


2,886 


161 


97 


271 


9,403 


386 


92 


2,896 


170 


99 


281 


9,370 


338 


82 


2,898 


164 


110 


281 


9,256 


340 


84 


2,890 


153 


112 


285 


9,323 


332 


90 


2,912 


161 


119 


262 


9,378 


376 


107 


2,901 


144 


131 


273 


9,276 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




m (3) 

Canada 


Deposits 


Canadian 


Note (5) 




(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


711 


6,547 


10.9 


1,053 


1948 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


755 


7,433 


10.1 


1,084 


July— 1950 


781 


7,369 


10.6 


1,082 


Aug. 


734 


7,557 


9.7 


1,096 


Sept. 


812 


7,786 


10.4 


1,107 


Oct. 


779 


7,881 


9.9 


1,111 


Nov. 


792 


7,847 


10.1 


1,131 


Dec. 


802 


7,890 


10.2 


1,079 


Jan.— 1951 


728 


7,766 


9.4 


1,083 


Feb. 


748 


7,655 


9.8 


1,103 


Mar. 


770 


7,734 


10.0 


1,106 


Apr. 


756 


7,731 


9.8 


1,110 


May 


768 


7,702 


10.0 


1,125 


June 


807 


7,761 


10.4 


1,139 


July 


795 


7,686 


10.3 


1,141 


Aug. 


805 


7,680 


10.5 


1,152 


Sept. 



>tes and "Free" Central Gold Reserve Deposits: after that date: Bank of Canada Notes and Deposits. (4) Figures given are averages of estimated month- 

note circulation, the latter being, after September 1944, an approximate figure only. (6) Notes issued for circulation outside Canada only commencing in 



CERTAIN LIQUID ASSETS*! 

iRNMENT OF CANADA SECURITIES 

ada 



Millions of Dollars 



(8) 

tive 


Govt, of 
Canada 


Total 


Related Factors** 




Govt, of Canada Direct and Guaranteed Funded Debt (9) 


Banks" 3 ) 

Loan 
& Non- 


Bk.ofCan 
Gold and 


Deduct 

All 

Other 




ered 
nk 


Held by Bk. of Can. & Ch. Bks. 


Held by Other Investors 


















ice 


Securities 






Deduct <«) 






Deduct 






Exchange 




sits 


(9) (10) (12) 




Total 

(10) 


Govt, of 
Canada 
Deposits 


Net 
Total 


Total 


Securities 
held by all 
Govt.Accts 


Net 
Total 


Invest- 
ments 


Holdings 
(Net) 


(Net) 

(14) 






* 


* 








* 




* 








As at Dec. 31 


08 


10,249 


17,992 


4,972 


320 


4,652 


11,506 


1,247 


10,249 


3,341 


- 


250 


1948 


51 


9,902 


18,075 


5,121 


181 


4,940 


10,698 


796 


9,902 


3,419 


- 


186 


1949 


61 


10,066 


18,778 


5,021 


280 


4,741 


10,913 


847 


10,066 


3,950 


226 


205 


1950 


34 


9,816 


18,199 


5,087 


68 


5,019 


10,628 


812 


9,816 


3,502 


_ 


138 


End of 
July— 1950 


48 


9,837 


18,363 


5,248 


204 


5,044 


10,643 


806 


9,837 


3,521 


116 


155 


Aug. 


83 


10,017 


18,819 


5,039 


1 


5,038 


10.832J 


815 


10.017J 


3,618 


293 


147 


Sept. 


64 


9,963 


18,752 


4,990 


108 


4,882 


10,801 


838 


9,963 


3,681 


370 


144 


Oct. 


50 


10,181 


18,909 


4,913 


253 


4,660 


11,043 


862 


10,181 


3,921 


306 


159 


Nov. 


61 


10,066 


18,778 


5,021 


280 


4,741 


10,913 


847 


10,066 


3,950 


226 


205 


Dec. 


75 


10,096 


18,659 


4,956 


344 


4,612 


10,944 


848 


10,096 


3,943 


182 


174 


Jan.— 1951 


09 


10,072 


18,643 


4,809 


266 


4,543 


10,918 


846 


10,072 


4,022 


157 


151 


Feb. 


03 


10,019 


18,591 


4,817 


295 


4,522 


10,864 


845 


10,019 


4,101 


106 


157 


Mar. 


88 


9,962 


18,627 


4,792 


161 


4,631 


10,815 


853 


9,962 


4,133 


62 


161 


Apr. 


81 


9,899 


18,534 


4,811 


226 


4,585 


10,763 


864 


9,899 


4,159 


41 


150 


May 


52 


9,805 


18,407 


4,863 


252 


4,611 


10,680 


875 


9,805 


4,133 


43 


185 


June 


71 


9,733 


18,354 


4,896 


248 


4,648 


10,617 


884 


9,733 


4,101 


22 


150 


July 


72 


9,672 


18,263 


4,917 


276 


4,641 


10,575 


903 


9,672 


4,131 


- 


181 


Aug. 


80 


9,574 


18,219 


4,928 


213 


4,715 


10,493 


919 


9,574 


4,112 


1 


183 


Sept. 



(8) Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits in 
Canada. 

(9) Direct and guaranteed securities (including refundable taxes). Direct 
debt includes both matured and unmatured issues outstanding, exclusive 
of sinking fund holdings; guaranteed debt is included on the basis of the 
total unmatured issues outstanding; Newfoundland debt assumed by 
the Government of Canada has been included since June 1949. Foreign 
pay securities have been valued at official mid-rates of exchange to 
September 30, 1950. and at market rates thereafter. 

(10) Chartered banks' temporary advances to the general public in connection 
with the purchase of Victory Loan Bonds at time of issue, amounting to 
166, 261, 271, and 411 in the years 1942 to 1945 inclusive, have been 



(11) 

(12) 
(13) 



(14) 
t 



included in bank holdings of Government securities and deducted from 

holdings of the general public. 

Canadian dollar deposits of the Government of Canada at chartered 

banks and Bank of Canada. 

Holdings of all investors other than Bank of Canada, chartered banks 

and Government of Canada accounts. 

All loans in Canada of the chartered banks other than temporary advances 

in connection with Victory Loan issues, plus chartered banks' holdings 

of provincial, municipal and "other" securities, and Bank of Canada 

holdings of Industrial Development Bank Capital stock. 

Net of all related asset and liability items not shown elsewhere in this table. 

Excludes $50 million (U.S. funds) borrowed in New York to redeem an 

issue falling due on October 1st. * Revised commencing Nov. 1949. 



163 



Millions of Dollars 



OCTOBER 1951 

IV— cm 
Estimated Quarterly Cl 

Department of ] 



3. 



AS AT END OF 



Government and Other Public Services 

(1) Provincial governments 

(2) Municipal governments and school districts 

(3) Religious, education, health and welfare institutions. 



Total Government and Other Public Services 

Financial 

(1) Investment dealers and brokers to the extent 

payable on call or within thirty days 

(2) Trust, loan, mortgage, investment and insurance 

companies and other financial institutions 



Total Financial! . 



Personal 

(1) Individuals, for other than business purposes, on the 

security of marketable stocks and bonds 

(2) Individuals, for other than business purposes, 

not elsewhere classified 



Total Personal. 



4. Agricultural, Industrial and Commercial 

(1) Farmers 

(2) Industry: 

(a) Chemical and rubber products 

(b) Electrical apparatus and supplies 

(c) Food, beverages and tobacco 

(d) Forest products 

(e) Furniture 

(f) Iron and steel products 

(g) Mining and mine products 

(h) Petroleum and products 

(i) Textiles, leather and clothing 

(j) Transportation equipment 

(k) Other producers 



Total Industry . 



(3) Public utilities, transportation and communication companies. 

(4) Construction contractors 

(5) Grain dealers and exporters 

(G) Instalment finance companies 

(7) Merchandisers 

(8) Other business 



Total Agricultural, Industrial and Commercial 



TOTAL LOANS IN CANADA 



1947 



Sept. 



20.6 
43.9 
13.5 

78.0 

83.9 

38.0 

121.9 

225.8 
133.6 
359.4 

147.3 

14.4 

14.5 

105.1 

108.4 

12.3 

88.6 

17.0 

9.0 

106.7 

17.6 

40.3 

533.9 

42.5 
93.9 
67.9 
65.7 
359.9 
67.8 

1,378.9 
1,938.2 



Dec. 



35.8 
40.4 
15.5 



91.7 

105.7 

36.4 

142.1 

293.8 
143.1 
436.9 

138.3 

17.5 

14.0 

133.0 

104.6 

13.5 

85.8 

18.4 

3.5 

93.4 

19.4 

42.2 

545.4 

31.8 

85.7 
138.0 

64.6 
359.4 

71.2 

1,434.4 
2,105.1 



Mi 



19.0 
57.3 
18.0 



94.3 

64.7 
36.9 



101.6 

259.1 
139.8 
398.9 

123.3 

27.8 

14.4 

117.7 

120.0 

13.4 

85.7 

16.6 

3.6 

105.2 

20.6 

44.2 

569.2 

37.1 
85.3 
59.5 
65.3 
375.5 
77.8 

1,393.0 
1,987.7 



1948 



June 



9.8 
52.6 
20.1 



82.5 

82.0 

42.0 

124.0 

242.1 
149.9 
392.0 

146.8 

27.4 

13.6 

112.7 

123.0 

13.8 

83.9 

17.8 

4.4 

108.9 

22.4 

41.3 

569.1 

34.7 
103.3 

32.6 

61.0 
383.8 

85.4 

1,416.8 
2,015.3 



■fa Department of Finance revised its form of classification in 1950 and has 
published figures in the new form only for September 1950 and 1951. 
Figures for September 1947, 1948. and 1949 have been published by the 



Bank of Canada, in the revised form, in the December 1950 issue of th' 
Statistical Summary, with a description of the estimates and adjustment 
involved. Figures for March, June and December have not been publishcc 



OCTOBER 1951 



164 



[> BANKS 

noN of Loans in Canada* t 

Bank of Canada 





1949 


1950 


1951 


»ec. 


Mar. 


June 


Sept. 


Dec. 


Mar. 


June 


Sept. 


Dec. 


Mar. 


June 


Sept. 


14.0 


21.0 


33.9 


40.4 


25.3 


22.1 


27.4 


23.6 


35.4 


28.9 


38.7 


24.9 


54.1 


77.6 


74.0 


76.1 


70.4 


99.0 


81.6 


91.5 


83.6 


121.9 


118.1 


114.5 


27.9 


29.2 


29.1 


2(1.5 


27.1 


26.9 


25.7 


83.1 


36.2 


40.2 


42.6 


45.9 


96.0 


127.8 


137.0 


143.0 


122.8 


148.0 


134.7 


148.2 


155.2 


191.0 


199.4 


185.3 


33.6 


82.0 


72.1 


102.4 


141.3 


84.3 


148.0 


101.2 


134.1 


94.4 


82.3 


107.1 


49.1 


51.7 


51.6 


57.5 


61.0 


65.6 


74.9 


86.0 


103.3 


86.0 


92.3 


91.7 


52.7 


133.7 


123.7 


159.9 


202.3 


149.9 


222.9 


187.2 


237.4 


180.4 


174.6 


198.8 


31.8 


269.8 


251.2 


234.6 


322.3 


289.2 


278.0 


243.4 


372.2 


337.0 


293.0 


255.6 


54.0 


150.2 


163.4 


167.6 


172.8 


174.8 


195.2 


218.2 


224.3 


226.2 


225.0 


211.3 


55.8 


420.0 


414.6 


402.2 


495.1 


464.0 


473.2 


461.6 


596.5 


563.2 


518.0 


466.9 


52.8 


138.5 


159.2 


184.4 


175.1 


159.8 


202.9 


255.8 


243.4 


230.6 


249.4 


298.9 


26.9 


32.3 


31.5 


25.3 


25.4 


35.6 


34.2 


29.2 


44.6 


55.3 


54.2 


54.3 


12.9 


13.6 


11.4 


9.2 


10.4 


11.0 


12.9 


14.3 


15.3 


20.3 


27.8 


41.4 


13.2 


124.9 


121.1 


117.0 


132.8 


123.8 


119.5 


122.5 


149.0 


153.4 


159.6 


172.0 


J7.2 


110.4 


122.0 


102.6 


82.9 


88.5 


89.9 


76.1 


91.6 


116.5 


120.2 


115.7 


L3.8 


13.1 


12.7 


13.1 


13.1 


14.9 


15.0 


16.2 


17.3 


19.3 


16.7 


19.8 


74.0 


82.1 


73.7 


75.2 


63.6 


72.1 


79.1 


53.4 


67.6 


80.8 


99.1 


97.5 


17.9 


18.3 


20.3 


21.9 


20.6 


19.5 


21.2 


26.0 


26.0 


27.0 


28.8 


33.4 


9.5 


9.4 


9.8 


10.6 


11.7 


14.4 


18.9 


22.9 


25.1 


29.1 


27.1 


31.0 


)9.1 


120.7 


123.7 


134.9 


107.7 


128.0 


131.6 


138.9 


132.5 


190.3 


203.3 


213.4 


22.6 


24.4 


24.5 


25.5 


22.2 


24.7 


23.3 


30.1 


35.5 


44.2 


45.4 


46.4 


38.5 


45.1 


45.2 


42.5 


40.1 


44.9 


44.4 


55.2 


53.0 


57.2 


64.5 


63.1 


55.6 


594.3 


595.7 


577.9 


530.7 


577.3 


590.0 


584.7 


657.5 


793.4 


846.7 


888.0 


26.5 


36.5 


38.7 


34.5 


28.7 


41.2 


44.8 


53.9 


53.0 


75.8 


63.4 


87.9 


)3.8 


91.5 


111.3 


113.3 


100.3 


100.3 


123.9 


122.7 


126.7 


125.6 


151.4 


151.8 


"8.7 


106.2 


97.0 


190.1 


170.0 


148.6 


83.8 


93.1 


159.5 


128.4 


107.0 


98.6 


31.8 


62.6 


71.0 


74.6 


78.3 


93.7 


94.3 


96.5 


113.7 


143.0 


136.0 


100.8 


74.7 


397.1 


409.5 


415.5 


381.4 


417.4 


442.4 


436.1 


437.4 


531.8 


560.7 


542.9 


)1.8 


103.3 


110.9 


113.0 


120.2 


128.1 


141.3 


135.5 


131.3 


140.3 


138.2 


133.8 


15.7 


1,530.0 


1,593.3 


1,703.3 


1,584.7 


1,666.5 


1,723.4 


1,778.3 


1,922.5 


2,168.9 


2,252.8 


2,302.7 


50.2 


2,211.5 


2,268.6 


2,408.4 


2,404.9 


2,428.4 


2,554.2 


2,575.3 


2,911.6 


3,103.5 


3,144.8 


3,153.7 



hitherto and are also partly estimated by the Bank of Canada. 

Loans at Newfoundland branches of chartered banks have been included 

from June 1949 on. 



% Excluding borrowings by instalment finance companies, and by individuals 
on the security of marketable stocks and bonds. 



165 



OCTOBER 1951 



IV— CHARTERED BANKS 

Department of Finance 

Annual Classification of Public Demand and Notice Deposits in Canadian Currency 









NUMBEF 










AMOUNT 






As at 






Thousandi 








Millions of Dollars 




September 30 






















1947 


1948 


1949 


1950 


1951 


1947 


1948 


1949 


1950 


1951 


Demand Deposits 






















$1,000 or less 


685.9 


726.6 


767.5 


823.6 


852.9 


169.6 


180.4 


185.9 


179.5 


187.2 


$1,000 to $5,000 


146.5 


163.4 


170.0 


158.3 


165.0 


321.7 


355.8 


373.3 


346.7 


363.4 


$5,000 to $25,000 


38.5 


44.0 


47.7 


47.5 


49.7 


386.9 


434.8 


477.0 


478.1 


501.3 


$25,000 to $100,000 


7.4 


8.5 


9.2 


9.8 


10.2 


344.1 


393.6 


425.2 


456.1 


475.7 


Over $100,000 


2.3 


2.6 


2.9 


3.4 


3.3 


945.9 


1 ,032.6 


1,143.1 


1 ,378.8 


1,275.9 


Adjustment Items 


- 


- 


- 


- 


- 


- 4.9 


- 37.1 


- 100.5 


- 130.5 


- 152.3 


Total Demand Deposits 


880.6 


945.1 


997.3 


1,042.6 


1,081.1 


2,163.3 


2,360.1 


2,504.1 


2,708.7 


2,651.1 


Notice Deposits 






















$1,000 or less 


5,517.0 


5,718.5 


5,902. 5 


8,170.1 


6,415.9 


922.0 


953.1 


997.5 


993.9 


1,021.4 


$1,000 to $5,000 


725.2 


777.7 


827.6 


817.3 


821.6 


1,478.4 


1,605.1 


1,732.2 


1,729.5 


1,737.6 


$5,000 to $25,000 


89.6 


103.4 


121.5 


130.5 


135.6 


752.6 


868.0 


1,017.3 


1,098.8 


1,143.7 


$25,000 to $100,000 


4.7 


5.3 


5.8 


6.6 


6.7 


203.4 


228.1 


249.9 


285.9 


289.0 


Over $100,000 


1.0 


1.0 


1.1 


1.2 


1.1 


440.7 


387.1 


405.4 


462.7 


393.1 


Adjustment Items 


- 


- 


- 


- 


- 


+8.7 


+7.1 


+9.3 


+ 11.1 


+9.8 


Total Notice Deposits 


6,337.5 


6,606.0 


6,918.4 


7,125.8 


7,380.9 


3,805.9 


4,048.5 


4,411.5 


4,581.9 


4,594.7 



V— FOREIGN EXCHANGE RATES 

Bank of Canada 



Cents per unit 




Utff-ItJlAl 


, KAltS 












U. S 


. Dollar in Canada 


£ Sterling in Canada 




Buying 


Selling 


Mid-rate 


Buying 


Selling 


Mid-rate 


1939 - Sept. 16(» 

1945 - Oct. 15(D 

1946 - July 6d) 
1949 - Sept. 20d) 


110.00 
110.00 
100.00 
110.00 


111.00 
110.50 
100.50 
110.50 


110.50 
110.25 
100.25 
110.25 


443.00 
443.00 
402.00 
307.25 


447.00 
445.00 
404.00 
308.75 


445.00 
444.00 
403.00 
308.00 



MARKET RATESt 





U. S 


. Dollar in Canada 


£ Sterling in Canada 




High 


Low 


Noon aver. 


High 


Low 


Noon aver. 


Business Days 














1950— Oct. 


107.00 


104.56 


105.34 


299.60 


292.78 


294.96 


Nov. 


104.84 


103.25 


104.03 


293.50 


289.25 


291.23 


Dec. 


106.00 


104.59 


105.31 


296.75 


293.00 


294.86 


1951— Jan. 


105.94 


104.75 


105.17 


296.50 


293.50 


294.46 


Feb. 


105.38 


104.41 


104.92 


295.00 


292.44 


293.82 


Mar. 


105.25 


104.44 


104.73 


294.75 


292.50 


293.29 


Apr. 


106.81 


104.94 


105.99 


299.19 


293.88 


296.74 


May 


106.94 


105.38 


106.37 


299.50 


295.13 


297.89 


June 


107.31 


106.63 


106.94 


300.50 


298.50 


299.41 


July 


106.63 


105.53 


106.05 


298.50 


295.38 


296.90 


Aug. 


105.94 


105.09 


105.56 


296.50 


294.13 


295.46 


Sept. 


105.75 


105.19 


105.56 


296.00 


294.38 


295.46 


Oct. 


105.50 


104.19 


105.08 


295.25 


291.63 


294.11 



* Rates established by the Government commencing from the institution of exchange control on Sept. 16, 1939. 
(1) Dates on which official rates were established or changed. 
t Commencing Oct. 2. 1950, official rates of exchange were discontinued; market rates are quotations for transactions between banks in the exchange market 



OCTOBER 1951 



166 



VI— GOVERNMENT BOND YIELDS AND TREASURY BILL RATES 

Bank of Canada 





Government of Canada 






Theoreticals* 






15th of Each Month 




15 Yr. 


9 Yr. 


5 Yr. 


2 Yr. 




Bond 


Bond 


Bond 


Bond 


\nnual Average 










1946 


2.61 


2.32 


1.69 


1.39 


1947 


2.57 


2.25 


1.75 


1.43 


1948 


2.93 


2.72 


2.27 


1.44 


1949 


2.83 


2.64 


2.24 


1.66 


1950 


2.78 


2.67 


2.22 


1.81 


Monthly 










950— Apr. 


2.77 


2.63 


2.18 


1.73 


May 


2.75 


2.61 


2.17 


1.74 


June 


2.73 


2.59 


2.10 


1.74 


July 


2.77 


2.67 


2.14 


1.77 


Aug. 


2.75 


2.64 


2.15 


1.74 


Sept. 


2.71 


2.62 


2.17 


1.76 


Oct. 


2.75 


2.68 


2.22 


1.83 


Nov. 


2.88 


2.84 


2.42 


2.02 


Dec. 


2.99 


2.97 


2.55 


2.17 


951— Jan. 


3.02 


3.00 


2.63 


2.26 


Feb. 


3.02 


3.00 


2.60 


2.27 


Mar. 


3.25 


3.21 


2.89 


2.70 


Apr. 


3.24 


3.20 


2.75 


2.48 


May 


3.24 


3.18 


2.62 


2.28 


June 


3.25 


3.15 


2.62 


2.35 


July 


3.23 


3.16 


2.64 


2.38 


Aug. 


3.24 


3.16 


2.64 


2.36 


Sept. 


3.24 


3.17 


2.66 


2.34 


Oct. 


3.26 


3.18 


2.68 


2.40 



Long Term 


Market Yields 


Average of Business Days 


Canada (1) 


U.K. ( 2 ) 


U.S.A.'" 


2.63 


2.52 


2.15 


2.59 


2.61 


2.20 


2.93 


2.82 


2.41 


2.85 


2.93 


2.24 


2.77 


3.19 


2.24 


2.75 


3.23 


2.21 


2.72 


3.21 


2.23 


2.73 


3.14 


2.25 


2.77 


3.23 


2.26 


2.75 


3.21 


2.26 


2.70 


3.14 


2.29 


2.77 


3.05 


2.31 


2.87 


3.05 


2.32 


2.97 


3.12 


2.35 


3.01 


3.12 


2.32 


3.01 


3.26 


2.33 


3.17 


3.28 


2.48 


3.21 


3.35 


2.59 


3.20 


3.43 


2.69 


3.24 


3.55 


2.70 


3.21 


3.53 


2.66 


3.22 


3.53 


2.58 


3.24 


3.54 


2.57 


3.26 


3.57 


2.65 



Tender Rates on 3 Month 


Treasury Bills 


Tender nearest 15th of Month 


Canada 


U.K. 


U.S.A. 


.388 


.505 


.375 


.406 


.507 


.592 


.411 


.509 


1.037 


.485 


.521 


1.096 


.552 


.516 


1.215 


.513 


.512 


1.160 


.514 


.513 


1.165 


.512 


.514 


1.177. 


.512 


.512 


1.168 


.546 


.513 


1.173 


.615 


.514 


1.311 


.623 


.514 


1.337 


.624 


.513 


1.380 


.626 


.519 


1.351 


.626 


.511 


1.391 


.728 


.513 


1.391 


.755 


.512 


1.402 


.755 


.511 


1.529 


.755 


.512 


1.626 


.754 


.512 


1.467 


.771 


.512 


1.615 


.786 


.513 


1.660 


.880 


.514 


1.646 


.927 


.512 


1.615 



Payable in Canada only. (1) Government of Canada 3% due Sept. 1. 1961-66. (2) United Kingdom 3% due Apr. 15, 1959-69. 
3) U.S. Treasury 2>£% due Dec. 15, 1963-68, is not elegible for commercial banks before Dec. 1, 1952. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS 

Daily Opening Quotations 



CANADA, U.K. AND U.S.A. 




MAY JUNE JULY 

1951 



* Security is not eligible for commercial banks before Dec. 1, 1952. 



167 



OCTOBER 1951 
VII — FINANCIAL STATISTI 



MOlions of Dollars PROFIT STATISTICS 


, : SUMMARY STATEMENT 










B 


Fiscal Year Nearest to Calendar Year 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


1949 


1950 


Net Operating Profit (Before Depreciation) (1) 


578 
134 
39 

1 1 

439 
L68 

271 

216 

55 


714 
L62 
42 
43 

551 
259 

292 

216 

76 


778 

36 

! 

589 

294 

93 


737 

177 
37 

11 

556 

273 
190 

83 


673 
150 
39 

523 

263 

189 

74 


660 
1 12 

41 

521 

265 

79 


724 

1 11 
45 

590 

324 

87 


894 
161 
48 

749 
314 

435 
279 

156 


1,042 
L89 
53 

son 

565 

262 


1,059 

231 

57 

40 

845 
539 

208 


1,302 
255 


Investment and Other Non-Operating Income (Net). . 
Bond In teres t(incl.Exchange&Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision* 11 

Income & E. P. Tax Provision (ex. Refundable Portion) 

Net Income to Stockholders"* 


63 

40 

1,064 
419 

645 




383 


Undistributed Income"* 


262 







SOURCE AND USE OF FUNDS' 1 * 



Net Source of Funds 

Net Income to Stockholders 

Cash Dividends 



Undistributed Profits 

Depreciation Charges 

Other Non-cash Charges Against Current Income* 2 " 4 * 

Total Funds From Current Income 

Issue of Common Stock 



Total Net Sources of Funds. 



Net Use of Funds 

Investment in Plant, Property and Equipment. . 

Investment in Inventories. . . . 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax. . . 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities) <5 > 



Sub-Total 

Increase in Working Capital ex. Inventories. 



Total Net Uses of Funds. 



271 


292 


294 


273 


263 


265 


324 


435 


565 


539 


645 


216 


216 


201 


190 


189 






279 


303 


331 


383 


55 


76 


93 


83 


74 


79 


87 


156 


262 


208 


262 


124 


152 


173 


168 


142 


134 


136 


152 


180 


222 


245 


12 


12 


12 


10 


10 


10 


9 


10 


11 


10 


11 


191 


240 


278 


261 


226 


223 


232 


318 


453 


440 


518 


9 


6 


4 


4 


6 


19 


57 


46 


26 


51 


68 


200 


246 


282 


265 


232 


242 


289 


364 


479 


491 


586 


115 


147 


120 


78 




14S 


271 


394 


171 


10 1 


450 


107 


123 


15 


42 


40 


- 


153 


299 


174 


12 


160 


o 


2 


9 


8 


1 


2 


33 


9 


3 


13 


13 


- 


- 


19 


32 


27 


2 1 


2 


- 


13 


24 


22 


20 


24 


25 


13 


19 


7 


6 


145 


164 


73 


100 


2 


2 


- 


5 


- 


11 


17 


56 


26 


- 


6 


11 


15 


16 


3 


20 


38 


23 


13 


8 


26 


11 


230 


279 


154 


159 


123 


210 


19 


488 


431 


368 


458 


30 


33 


128 


106 


109 


26 


170 


124 


48 


123 


128 


200 


246 


282 


265 


232 


242 


289 


364 


479 


491 


586 



YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 

Cash 

Marketable Securities 

Current Accounts Receivable 

Inventories' 6 *' 

Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Accrued Interest and Dividends Payable 

Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net)' 7 * 

Investment in Other Companies (Net)' 8 ' 

Goodwill, Franchises, etc 

Miscellaneous Assets'" 

Miscellaneous Liabilities" ' 

Total 

Capital and Surplus 

Funded Debt'"' 

Loans from Parent Companies and Other Sources (Net) 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves" 2 ' 

Total 



274 
187 
333 
652 

1,446 

L97 

70 

177 

32 

970 

2,244 

296 

112 

74 

3,633 



soo 

33 

459 

1,422 

853 

3,633 



328 
218 
406 

775 

1,727 

265 

104 

271 

33 

1,054 

2,234 

289 

110 

75 

75 

3,687 



840 

35 

455 

1, 106 

951 



3,687 



324 
342 
424 
790 

1,880 

302 

106 

235 

32 



3,770 



815 
38 

454 
1,412 

1 ,1 15 1 



3,770 



331 
471 
392 
832 

2,026 

301 

I L9 

223 

28 

1,355 

51 

2,083 

209 

108 

68 

92 

3,842 



799 
43 

440 
1,419 
1,135 



3,842 



371 
529 
368 
792 

2,060 
309 

201 
30 



3,896 



782 

24 

443 

1,429 

1,218 



3,896 



360 
566 
350 
793 

2,or,;i 

310 

64 

192 

32 

1,471 

95 

2,045 

271 

108 

86 

62 

4,014 



797 

32 

433 

1.1 15 
1,307 



4,014 



358 
430 
393 
945 

2,126 

346 

8i i 

188 

38 

1,468 
93 

2,181 
305 
107 

84 

4,159 



804 

21 

412 

1,511 

1,411 



4,159 



366 

398 

494 

1,245 

2,503 

432 

229 

54 

1 ,650 

89 

2,418 

322 

106 

104 

99 

4,590 



954 
26 

458 
1,568 
1,584 



4,590 



408 

378 

581 

1,420 

2,787 

468 

122 

233 

63 



5,114 



1,120 

15 

482 
1,598 
1,929 



5,114 



448 

438 

597 

1,401 

2,884 

440 

151 

218 

03 

2,012 
40 

2,958 
347 
103 
110 
107 

5,469 



1,195 

2 

185 

1,649 

2,142 



5,469 



Note: For footnotes see facing page. 



OCTOBER 1951 

R 626 COMPANIES*: 1940-50t 

ada NET INCOME TO STOCKHOLDERS 



INDUSTRIAL CLASSIFICATION 



168 



Millions of Dollars 





Number 
of 
Com- 
panies 


1940 


1941 


1942 

(13) 


1943 

(13) 


1944 

(13) 


1945 

(13) 


1946 

(13) 


1947 

(13) 


1948 


1949 


1950 


Grain Mill Products 


7 
45 
14 

3 

11 
7 
23 
13 
27 

19 
22 
23 
12 

45 
49 
27 

37 
18 
22 
14 
9 
27 
11 

59 
31 
19 
6 
14 
12 

626 


2.2 
9.8 
5.3 
6.7 

.6 
2.3 
6.5 
2.6 
1.2 

1.1 

13.4 

1.8 

1.2 

12.1 

12.7 

7.0 

40.8 

67.4 

4.7 

4.1 

22.9 

10.8 

1.2 

3.1 
5.6 
12.8 
8.2 
2.0 
1.3 


2.0 

10.5 

6.8 

6.4 

.5 
3.2 
7.0 
3.4 
1.5 

1.2 

13.9 

2.3 

1.2 

13.7 

17.6 

8.7 

36.7 

74.1 

5.2 

4.0 

21.2 

11.2 

1.2 

4.2 
6.7 
13.5 
9.8 
3.4 
1.3 


1.9 

11.5 

7.9 

6.6 

.8 
4.9 
7.8 
3.5 
1.9 

1.4 
10.9 

2.4 
1.1 

15.0 

21.7 

9.9 

29.1 

73.0 

5.5 

3.6 

19.8 

10.2 

1.4 

4.7 
7.3 
15.4 
9.9 
3.1 
1.2 


2.6 

11.5 

7.4 

6.6 

.7 
4.1 
6.4 
3.4 
1.8 

1.3 

10.1 
2.2 
1.2 

15.2 

19.2 

8.6 

22.3 
68.1 
4.3 
3.4 
21.9 
9.0 
1.2 

4.4 
7.7 
15.5 
9.3 
2.3 
1.6 


2.6 

12.1 

9.2 

6.5 

1.0 
3.6 
7.9 
3.0 
2.1 

.7 

12.5 

2.3 

1.3 

13.7 

18.0 

9.6 

16.4 
58.5 
3.7 
3.3 
21.9 
9.8 
1.4 

4.4 
9.0 
14.5 
9.5 
2.2 
1.9 


2.6 
11.3 
12.0 

6.8 

.8 
3.9 
7.1 
3.2 
2.1 

1.4 

13.8 

2.3 

1.5 

12.5 

17.1 

7.9 

14.4 

57.1 

5.0 

3.7 

22.6 

10.3 

1.5 

5.2 

9.9 

14.8 

10.2 

2.4 
1.4 


3.1 
13.0 
20.4 

7.0 

1.1 
4.6 
7.1 
4.1 
3.3 

2.6 

31.2 

4.1 

1.8 

14.6 

16.1 

7.2 

10.9 

70.4 

6.8 

3.6 

25.4 

12.5 

1.7 

7.5 

15.2 

16.4 

10.3 

1.2 

1.3 


3.8 
16.6 
19.9 

6.8 

1.2 
9.7 
10.3 
4.9 
3.7 

5.4 

49.1 

5.9 

1.9 

20.5 
30.6 
13.2 

9.0 

104.6 

8.8 

3.8 

29.5 

15.3 

2.4 

8.4 

16.2 

17.7 

11.7 

2.6 

1.2 


4.6 
21.5 
20.2 

7.7 

1.1 
6.3 
21.1 
6.2 
3.5 

7.2 

71.2 

7.0 

2.1 

31.1 
46.4 
17.1 

11.5 

137.7 

13.4 

6.0 
34.2 
19.3 

2.8 

11.7 
19.1 
17.4 
12.7 
3.9 
1.5 


4.0 
21.6 
16.0 

7.2 

.7 

2.8 

14.6 

5.1 

2.5 

5.1 

62.8 

6.6 

2.3 

33.6 
60.3 
21.8 

16.1 

111.6 

14.0 

5.4 
36.7 
21.7 

2.3 

10.0 

19.5 

17.9 

9.5 

4.9 

1.8 


2.8 




23.6 




15.4 




7.3 




.7 




8.0 


Primary Textiles 


19.2 


Miscellaneous Textiles 


5.5 


Clothing 


2.5 


Wood Products, (incl. Logging). . . . 
Pulp and Paper 


8.8 
87.6 


Paper Products 


8.2 


Printing and Publishing 


2.6 


Iron, Steel and Products 


41.2 


Machinery 


64.7 


Electrical Machinery & Equipment 
Gold Mining 


26.8 
17.0 


Other Non-ferrous Metals 


129.3 


Non-Metallic Minerals (ex. Fuels) . 
Coal and Natural Gas 


18.4 
6.5 


Petroleum 

Chemicals 

Paints and Polishes 


46.1 

24.6 

2.1 


Wholesale Trade & Service 

Retail Trade & Service 


12.1 
21.5 


Electric Utilities 


21.8 


Telephones 


13.3 


Transportation and Storage 

Grain Elevators 


4.7 
2.1 






Total of 626 Companies 


271.4 


292.4 


293.4 


273.3 


262.6 


264.8 


324.5 


434.7 


565.5 


538.4 


644.4 



THE FOOTNOTES BELOW REFER TO TABLES ON PAGES 167 TO 172 INCLUSIVE 



(2) 



(3) 



The tabulation includes all those companies with 1941 assets over $200,000 
for which consistent reports were available from 1935-1950. The accounts 
of certain companies which were available in some or all of these years were 
not comparable throughout the period and had to be excluded. Since many 
of the companies report on a consolidated basis, the number of individual 
companies included in the sample is actually a good deal larger than in- 
dicated. The material is, of course, subject to all the limitations and 
qualifications which apply to the basic accounting statements. 
Figures are available on request for the years 1936-39 inclusive. 
For purposes of comparability, any special capital charges made against 
income account in company reports have been added back as well as 
"contingent" and "general" reserves. Special inventory reserves, whether 
shown by the company in operating expenses or as an adjustment to earned 
surplus, have been deducted in arriving at Net Operating Profit. For the 
Total 626 Companies the special inventory reserves amounted to 5.6, 11.0, 
5.8, 2.8, 4.2, -1.8, 2.8, 14.6, 1.9, 1.3 and 6.2, in the years 1940-50 respect- 
ively. 

Includes deferred development and depletion provision where charged by 
the company. For the Total 626 Companies these amounted to 9.9, 9.9, 
9.4, 8.5, 8.6, 8.4, 8.0, 9.0, 10.0, 8.8 and 9.9 in the years 1940-50 respect- 
ively. 

The Source and Use of Funds Statement is designed to show net cash 
received from all sources and paid out for all purposes; revaluations or 



purely bookkeeping transactions which affect items of the Balance Sheet, 
particularly Plant, Property and Equipment, Preferred and Common 
Stock Outstanding and, in a few instances, Funded Debt, are not reflected 
in the Source and Use of Funds Statement. 

(4) Includes amortization of bond discount. 

(5) Includes adjustments relating to tax accruals and other transactions of 
previous years. 

(6) Special inventory reserves have been deducted. 

(7) Reserves for depreciation and depletion have been deducted. 

(8) Includes current accounts receivable from subsidiaries and fixed invest- 
ment in subsidiaries less current and non-current accounts payable to 
subsidiaries. 

(9) Includes bond discount and other deferred charges, deferred development, 
etc. 

(10) Includes pension fund reserves, insurance reserves and advance payments 
on government contracts. 

(11) Bonds and mortgages outstanding less sinking fund. 

(12) Includes contingent and general reserves, capital surplus and the refund- 
able portion of the Excess Profits Tax. 

(13) Includes the Refundable Portion of the Excess Profits Tax, amounting 
to 19.1, 31.8, 26.9, 25.6, 2.3 and .1 in the years 1942-47 respectively. 



169 



Millions of Dollars 



Group 1 



OCTOBER 1951 

VII— FINANCIAL STATISTICS FOR 626 COM 
Assets over $25 million : 35 Companies Bat. 



Fiscal Year Nearest to Calendar Year 



19 to 1941 1942 I 1943 194 



L94£ 



1946 194; 



1948 1949 1950 



PROFIT STATISTICS : SUMMARY STATEMENT 



Net Operating Profit (Before Depreciation) ( " 

Depreciation <2) 

Investment and Other Non-Operating Income (Net). . 
Bond I merest (incl.Exchange&Amortizationof Discount) 

Net Profit before Income & E. P. Tax Provision*" 

Income & E. P. Tax Provision (ex. Refundable Portion) 

Net Income to Stockholders ' 

Net Income Paid Out in Cash Dividends 



Undistributed Income*" 



297 


353 


384 


367 


332 


323 


348 


446 


536 


559 


67 


82 


92 


95 


83 


80 


76 


84 


97 


120 


26 


29 


22 


23 


24 


26 


24 


25 


29 


28 


31 


30 


30 


30 


29 


28 


27 


23 


26 


29 


225 


270 


284 


265 


244 


241 


269 


304 


442 


438 


80 
145 


119 


132 
152 


122 


110 
134 


106 
135 


111 
158 


142 
222 


146 
296 


153 
285 


151 


143 


121 

24 


117 
34 


115 

37 


116 
27 


108 


109 


130 
28 


148 


174 


183 

102 


26 


26 


74 


122 



SOURCE AND USE OF FUNDS**' 



Net Source of Funds 

Net Income to Stockholders 

Cash Dividends 



Undistributed Profits 

Depreciation Charges 

Other Non-cash Charges against Current Income* 2 '* 4 ' 

Total Funds From Current Income 

Issue of Common Stock 



Total Net Sources of Funds. 



Net Use of Funds 

Investment in Plant, Property and Equipment. . 

Investment in Inventories 

Investment in Other Companies , 

Investment in Refundable Excess Profits Tax. . . 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities)* 5 ' 

Sub-Total 

Increase in Working Capital ex. Inventories 

Total Net Uses of Funds 



145 
121 

24 
61 



93 

7 

100 



59 
38 

4 

11 



103 
3 

lob 



151 
117 

34 

75 

9 

118 
1 

119 



70 

44 

6 

14 



113 
6 

Tii 



152 


143 


115 


116 


37 


27 


85 


88 


9 


8 


131 


123 


1 


1 



132 



4 

6 

7 

10 



71 
61 



132 



124 



41 
4 
5 
9 
1 
1 
1 



48 
76 



124 



134 
108 

26 

76 

8 

110 
1 

111 



49 
1 

7 
15 



65 
46 



111 



135 
109 

26 

74 
7 

107 
2 

109 



62 

14 

2 

7 

5 

15 



95 
14 



109 



158 
130 


222 
148 


28 

72 

6 


74 

79 

6 


106 
26 


159 
34 



132 



133 
66 
16 

13 

4 

16 

~216 

84 

~132 



193 



221 

148 

1 

82 

47 
8 

~231 
38 

193 



296 

171 


285 
183 


122 
91 

7 


102 

115 

6 


220 
12 


223 
47 



232 



282 

104 

24 

5 

116 

13 

8 

"220 
12 

"232 



270 



278 
2 

25 
7 

49 
5 
17 

"2II 

59 

"270 



YEAR-END BALANCE SHEET 
















Net Working Capital and Other Assets 


144 

63 

137 

277 

621 
83 
15 
86 
16 

421 

1,366 

213 

60 

41 

49 

2,052 


187 

78 

160 

322 

747 
111 

24 
127 

16 

469 

1,357 

204 

60 

41 

56 

2,075 


156 
140 
186 
317 

799 
125 

19 
109 

16 

530 

7 

1,337 

196 

60 

36 

52 

2,114 


159 
211 
166 
322 

858 

119 

17 

96 

15 

611 
16 
1,284 
190 
60 
34 
50 

2,145 


184 
234 
154 
321 

893 

118 

7 

91 

18 

659 
23 
1,245 
187 
60 
33 
55 

2,152 


178 
268 
132 
334 

912 

116 

6 

83 

20 

687 
28 
1,232 
189 
60 
42 
49 

2,189 


178 
202 
150 
400 

930 

134 

18 

84 

23 

671 

28 

1,295 

204 
59 
40 
59 

2,238 


202 
199 
192 
547 

1,140 
186 

26 
108 

35 

785 

27 

1,434 

210 
59 
51 
78 

2,488 


221 
178 
240 
651 

1,290 

205 

16 

117 

44 

908 
21 
1,621 
196 
57 
53 
91 

2,765 


215 
236 
254 
646 

1,351 
191 

42 
113 

43 

962 

13 

1,782 

203 
57 
53 
87 

2,983 


252 




363 


Current Accounts Receivable 


333 




704 




1,652 




254 




37 




163 


Accrued Interest and Dividends Payable 


54 


Net Working Capital 


1,11-1 


Refundable Portion of Excess Profits Tax 


7 


Plant Property and Equipment (Net)'" 


1,917 


Investment in Other Companies (Net)* 8 ' 


209 




56 


Miscellaneous Assets '" 


55 


Miscellaneous Liabilities*"" 


100 


Total 


3,288 






Capital and Surplus 

Funded Debt* 1 " 


620 
12 
170 
789 
461 

2,052 


605 
L2 

168 
768 
522 

2,075 


594 

18 
167 

7( ill 
566 

2,114 


596 
21 
167 
770 
591 

2,145 


582 

3 

166 

771 
630 

2,152 


595 
8 
166 
773 
647 

2,189 


592 
13 
162 
802 
695 

2,238 


678 
10 

208 
837 
775 

2,488 


796 
51 
219 
852 
949 

2,765 


845 

35 

224 

899 

1,050 

2,983 


895 


Loans from Parent Companies and Other Sources (Net) 
Preferred Stock Outstanding 


5 

227 


Common Stock Outstanding 


975 


Earned Surplus and Surplus Reserves* 12 ' 


1,196 


Total 


3,288 







Notb: For footnotes see page 168. 



OCTOBER 1951 



170 



£S* CLASSIFIED BY ASSET SIZE : 1940-50 



iada 



Group 2 : Assets $5 mm. - $25 mm. : 122 Companies 



Millions of Dollars 



Fiscal Year Nearest to Calendar Year 



1940 1941 1942 | 1943 1944 1945 1946 1947 1948 1949 1950 



PROFIT STATISTICS : SUMMARY STATEMENT 



Net Operating Profit (Before Depreciation)"* 

Depreciation' 2 ' 


179 

44 

9 

10 

134 
54 

80 
59 

21 


231 

54 

9 

10 

176 
88 

88 

63 

25 


251 

63 

9 

10 

187 
98 

89 

56 

33 


238 

57 

9 

9 

181 
97 

84 
50 

34 


218 

48 

10 

8 

172 
89 

83 

57 

26 


213 

43 

10 

8 

172 
89 

83 

54 

29 


232 

46 

16 

7 

195 
90 

105 
71 

34 


293 
52 

17 

7 

251 
111 

140 

90 

50 


329 

61 

19 

8 

279 
103 

176 

95 

81 


325 

73 

23 

9 

266 
100 

166 

102 

64 


406 
80 


Investment and Other Non-Operating Income (Net). . 
Bond I n terest (incl . Exchange& Amortizationof Discount) 

Net Profit before Income & E. P. Tax Provision* 1 ' 

Income & E. P. Tax Provision (ex. Refundable Portion) 

Net Income to Stockholders'" 


25 
10 

341 
139 

202 


Net Income Paid Out in Cash Dividends 


122 




80 







SOURCE AND USE OF FUNDS"' 



Net Source of Funds 

Net Income to Stockholders 


80 
59 


88 
63 

25 

53 

2 

80 

4 

84 


89 
56 

33 

62 

2 

97 
3 

100 


84 
50 

34 

56 

2 

92 
2 

94 


83 
57 

26 

47 

2 

75 
3 

78 


83 
54 

29 
42 

2 

73 
13 


105 
71 


140 
90 

50 

49 

3 

102 
6 

108 


176 
95 


166 
102 


202 




122 






21 

43 
2 

66 
2 

68 


34 

44 

2 

80 
23 

103 


81 

59 

3 


64 

71 

2 

137 
3 

140 


80 


Depreciation Charges 


77 


Other Non-cash Charges Against Current Income' 2 " 4 ' 
Issue of Common Stock 


3 


143 
11 

154 


160 
5 


Total Net Sources of Funds 




86 


165 


Net Use of Funds 


37 
51 

8 
1 

7 


54 

45 

3 

9 
1 
3 


37 

10 
3 
7 

11 
1 

10 

51 
49 


27 

35 

3 

14 

11 

3 

2 

85 
9 

94 


34 

33 
2 

11 
6 
4 

26 


59 
11 
2 
9 
3 
6 
12 

76 
10 

86 


87 

55 

11 

1 

2 

11 

5 

158 
55 

103 


110 

105 
5 

46 

12 

7 

155 

47 

108 


132 
41 
13 

4 
42 
12 

2 

126 
28 


129 
6 

7 
9 
17 
2 
3 


127 
55 


Investment in Other Companies 


7 


Redemption of Funded Debt 


9 
35 


Redemption of Preferred Stock 


10 


Increase in Misc. Assets (less Misc. Liabilities)' 5 ' 

Sub-Total 


5 


90 
22 


109 
25 


42 
36 

78 


109 
31 


150 


Increase in Working Capital ex. Inventories 


15 


Total Net Uses of Funds 




68 


84 


100 


154 


140 


165 






YEAR 


-END 


BALAI 


^CE SI 


HEET 
















Net Working Capital and Other Assets 
Cash 


81 

89 

115 

240 

525 
68 
31 
57 
11 

358 

631 
59 
29 
20 
11 

1,086 


88 

99 

150 

285 

622 
93 
50 
90 
12 

377 

630 
61 
28 
20 
14 

1,102 


108 
142 
144 
295 

689 

113 

52 

76 

11 

437 
7 

605 
57 
27 
21 
28 

1,126 


105 
177 
137 
330 

749 

113 

68 

77 
8 

483 
20 

578 
55 
26 
19 
32 

1,149 


111 
195 
127 
297 

730 

116 

51 

65 

8 

490 
30 

564 
58 
26 
19 
12 

1,175 


107 
194 
130 
286 

717 

119 

30 

64 

8 

496 
37 

583 

56 

28 

24 

6 

1,218 


109 
153 
139 
341 

742 

132 

32 

63 

11 

504 
36 

622 
66 
28 
23 
10 

1,269 


102 
141 
176 
446 

865 

151 

60 

79 

14 

561 
35 

682 
72 
28 
30 
13 

1,395 


113 
144 
198 

488 

943 

159 

52 

76 

14 

642 
27 

761 
84 
28 
31 
11 

1,562 


141 
140 
197 
482 

960 

148 

58 

70 

13 

671 
17 

822 
93 
27 
34 
11 

1,653 


118 


Marketable Securities 


191 




264 


Inventories' 6 ' 


537 


Total Current Assets 


1,110 
189 


Current Accounts Payable 




69 


Accrued Taxes Payable 


99 


Accrued Interest and Dividends Payable 


13 


Net Working Capital 


740 


Refundable Portion of Excess Profits Tax 


8 


| Plant, Property and Equipment (Net)' 7 ' 


871 


Investment in Other Companies (Net)' 8 ' 


104 


Goodwill, Franchises, etc 


27 


Miscellaneous Assets'" 


32 


Miscellaneous Liabilities' 10 ' 


12 


Total 


1,770 






Capital and Surplus 

| Funded Debt' 11 ' 


200 
12 
205 
412 
257 

1,086 


190 
12 
203 
418 
279 

1,102 


179 
9 

204 
421 
313 

1,126 


165 
10 
198 
425 
351 

1,149 


160 
9 
201 
428 
377 

1,175 


158 
11 
195 
438 
416 

1,218 


162 
18 
184 
464 
441 

1,269 


208 
18 
187 
479 
503 

1,395 


251 

20 
198 
492 
601 

1,562 


269 
20 
198 
495 
671 

1,653 


305 


: Loans from Parent Companies and Other Sources (Net) 
Preferred Stock Outstanding 


24 
204 


Common Stock Outstanding 


500 


Earned Surplus and Surplus Reserves' 12 ' 


737 


Total 


1,770 




Note: for footnotes see page 168. 



171 



Millions of Dollars 



Group 3 



OCTOBER 1951 

VII— FINANCIAL STATISTICS FOR 626 COMI 
ASSETS $1 mm. - $5 mm. : 230 COMPANIES Bankl 



Fiscal Year Nearest to Calendar Year | 1940 | 1941 [ 1942 | 1943 | 1944 | 1945 | 1946 \ 1947 | 1948 | 1949 | 1950 

PROFIT STATISTICS : SUMMARY STATEMENT 



Net Operating Profit (Before Depreciation) (l > 

Depreciation") 


86 

19 

2 

2 

67 
28 

39 

32 

7 


108 

22 

3 

2 

87 
42 

45 

33 

12 


117 

23 

3 

2 

95 
51 

44 

27 

17 


107 

21 

3 

2 

87 
49 

38 

22 

16 


98 

16 

3 

2 

83 

47 

36 

20 

16 


100 

16 
4 
2 

86 
49 

37 

19 

18 


114 

18 

4 

2 

98 
50 

48 
28 

20 


119 
22 

4 
2 

99 
45 

54 

33 

21 


135 

26 

4 

2 

111 

41 

70 

29 

41 


136 

31 

5 

2 

108 
41 

67 
36 

31 


157 

35 

6 

3 

125 
50 

75 


Investment and Other Non-Operating Income (Net). . 
Bond Interest (incl.Exchange&Amortizationof Discount) 

Net Profit before Income & E. P. Tax Provision'" 

Income & E. P. Tax Provision (ex. Refundable Portion) 

Net Income to Stockholders'" . . 


Net Income Paid Out in Cash Dividends. . 


43 


Undistributed Income'" 


32 







SOURCE AND USE OF FUNDS"' 














Net Source of Funds 

Net Income to Stockholders 


39 
32 


45 
33 


44 
27 


38 
22 


36 
20 


37 
19 


48 
28 


54 
33 


70 
29 


67 
36 


75 


Cash Dividends 


43 








7 

17 

2 


12 

21 

1 


17 

22 

1 


16 

20 

1 


16 

16 

1 


18 

15 

1 


20 

17 

1 


21 

21 

1 


41 

25 

1 


31 

29 

2 


32 




34 


Other Non-cash Charges Against Current Income' 2 " 4 ' 


1 


Total Funds From Current Income 

Issue of Common Stock 


26 
1 


34 


40 
1 


37 
1 


33 
2 


34 
4 


38 
8 


43 
5 


67 
1 


62 
1 


67 
1 






Total Net Sources of Funds 


27 


34 


41 


38 


35 


38 


46 


48 


68 


63 


68 


Net Use of Funds 
Investment in Inventories 


16 

14 

1 

2 
1 

4 


19 

26 

1 

1 
1 
2 


11 
9 

4 
3 
1 
2 


8 
2 

7 
3 
1 
1 


10 
5 

7 

2 
2 


22 
3 
1 

7 

5 

4 

10 


42 
22 
5 
1 
3 
2 
3 


50 
34 

4 

17 
5 
2 


44 
25 
7 
3 
3 
1 
1 


46 
10 
5 
6 
6 
3 
5 


55 
33 


Investment in Other Companies 


6 


Investment in Refundable Excess Profits Tax 

Redemption of Funded Debt 


5 
13 


Redemption of Preferred Stock 




Increase in Misc. Assets (less Misc. Liabilities)' 5 ' 


7 


Sub-Total 


30 
3 


46 
12 


26 
15 


20 
18 


12 
23 


36 

2 


66 
20 


78 
30 


70 
2 


37 
26 


60 


Increase in Working Capital ex. Inventories 


1 






Total Net Uses of Funds 


27 


34 


41 


38 


35 


38 


46 


48 


68 


63 


68 







YEAR-END BALANCE SHEET 
















Net Working Capital and Other Assets 


41 

30 

60 

104 

235 

34 

19 

29 

4 

149 

216 

20 

20 

11 

3 

413 


43 

35 

73 

130 

281 
47 
23 
43 

4 

164 

213 

20 

19 

11 

4 

423 


48 

48 

71 

139 

306 

50 

26 

38 

4 

188 

4 

203 

19 

19 

11 

7 

437 


55 

67 

68 

141 

331 

54 

27 

39 

4 

207 
11 

191 
20 
18 
12 
10 

449 


62 

81 

66 

135 

344 

59 

23 

34 

4 

224 
17 

185 
20 
18 
12 
12 

464 


62 

84 

65 

132 

343 

58 

19 

35 

3 

228 
22 

196 

23 

17 

16 

6 

496 


58 

62 

76 

154 

350 

60 

25 

31 

3 

231 
23 

225 

30 

16 

17 

9 

533 


50 

49 

93 

189 

381 
71 
36 
33 

4 

237 
22 

254 

35 

16 

19 

7 

576 


56 

49 

105 

214 

424 

79 

40 

30 

A 

271 
18 

277 

42 

16 

19 

9 

634 


70 

54 

106 

205 

435 

75 

38 

28 

5 

289 
12 

294 

47 

16 

18 

8 

668 


66 


Marketable Securities 


62 


Current Accounts Receivable 


132 




238 


Total Current Assets 


498 




92 




48 


Accrued Taxes Payable 


35 


Accrued Interest and Dividends Payable 


4 


Net Working Capital 


319 


Refundable Portion of Excess Profits Tax 


7 


Plant, Property and Equipment (Net)'" 


317 


Investment in Other Companies (Net)' 8 ' 


53 


Goodwill, Franchises, etc 


12 


Miscellaneous Assets'" 


17 


Miscellaneous Liabilities' 10 ' 




Total 


719 






Capital and Surplus 

Funded Debt' 1 " 


42 
4 

72 
184 
111 

413 


42 
6 

71 
183 
121 

423 


38 
6 

70 
184 
139 

437 


35 
5 

69 
186 
154 

449 


35 
6 

63 
192 
168 

464 


40 
6 

60 
195 
195 

496 


44 
9 

57 
205 
218 

533 


61 

12 

53 

210 

240 

576 


64 

10 

54 

212 

294 

634 


71 
8 

51 
213 
325 

668 


84 


Loans from Parent Companies and Other Sources (Net) 
Preferred Stock Outstanding 


18 
60 


Common Stock Outstanding 


214 


Earned Surplus and Surplus Reserves" 2 ' 


343 


Total 


719 







Note: for footnotes see page 168. 



172 



iada 



Group 4 : Assets Under $1 million : 239 CoMPANmst 



Millions of Dollars 



Fiscal Year Nearest to Calendar Year 



1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 



PROFIT STATISTICS 


: SUMMARY STATEMENT 














14.7 

2.8 

.7 

.2 

12.4 
5.7 

6.7 

4.4 

2.3 


21.4 

3.4 

.6 

.2 

18.4 
9.9 

8.5 

4.0 

4.5 


26.1 
3.8 

.7 
.2 

22.8 
13.6 

9.2 

3.7 

5.5 


25.8 
3.7 

.8 

.2 

22.7 
14.1 

8.6 

3.8 

4.8 


24.9 

3.0 

.9 

.2 

22.6 
14.1 

8.5 

3.6 

4.9 


24.3 

2.9 

.8 

.2 

22.0 
13.1 

8.9 

3.5 

5.4 


30.0 

3.2 

.9 

.2 

27.5 
14.3 

13.2 

7.7 

5.5 


36.6 
4.1 

1.0 
.2 

33.3 
15.5 

17.8 

8.2 

9.6 


41.6 
5.1 

1.0 
.2 

37.3 
13.7 

23.6 

5.7 

17.9 


38.9 

7.1 

.9 

.3 

32.4 
12.5 

19.9 

9.2 

10.7 


46.4 
8.7 


Investment and Other Non-Operating Income (Net). . 
Bond Interest (incl.Exchange&Amortizationof Discount) 

Net Profit before Income & E. P. Tax Provision (1) 

Income & E. P. Tax Provision (ex. Refundable Portion) 

Net Income to Stockholders* 1 ' 


1.9 

.4 

39.2 
15.6 

23.6 




12.2 




11.4 







SOURCE AND USE OF FUNDS") 



Net Source of Funds 

Net Income to Stockholders. . . 
Cash Dividends 



Undistributed Profits 

Depreciation Charges 

Other Non-cash Charges Against Current Income* 2 '* 4 ' 

Total Funds From Current Income 

Issue of Common Stock 



Total Net Sources of Funds. 



6.7 

4.4 

2.3 
2.8 



5.1 
.3 



5.4 



8.5 

4.0 

4.5 
3.4 



7.9 



7.9 



9.2 
3.7 

5.5 
3.8 



9.3 
.3 



9.6 



8.6 
3.8 

4.8 
3.7 



8.5 
.3 



8.8 



8.5 
3.6 

4.9 
3.0 



7.9 
.4 



8.3 



8.9 
3.5 

5.4 
2.9 



8.3 

.4 

8.7 



13.2 
7.7 

5.5 
3.2 



8.7 
.4 

9.1 



17.8 
8.2 

9.6 
4.1 



13.7 
.7 

14.4 



23.6 
5.7 

17.9 
5.1 



23.0 
1.6 

24.6 



19.9 

9.2 

10.7 

7.0 

.1 



17.8 
.2 

18.0 



Net Use of Funds 

Investment in Plant, Property and Equipment. . 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax. . . 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities)"' 

Sub-Total 

Increase in Working Capital ex. Inventories. . . . 



2.8 
3.8 

.7 

.3 

.2 
1.2 



4.1 

7.0 

.6 

.3 
.1 

.6 



3.3 
1.0 
.1 
1.1 
.4 
.2 
.6 



2.2 
1.0 

.2 
2.4 
.2 
.2 
.1 



2.7 
.3 
.6 

2.1 

1.5 
.6 

1.2 



5.0 

1.3 

.2 

1.8 

.2 

.2 



8.2 
9.6 
.2 
.1 
1.5 
1.0 
1.3 



12.5 

12.5 

1.1 

1.5 
1.1 



12.8 
3.6 



2.7 
.5 



11.0 
2.4 

.8 
1.7 
.8 
.2 
.9 



7.2 
1.8 



11.5 
3.6 



5.5 
4.1 



5.3 
3.5 



4.2 
4.1 



9.5 



18.5 
9.4 



23.5 
9.1 



15.0 
9.6 



11.2 
6.8 



Total Net Uses of Funds. 



5.4 



7.9 



9.6 



8.8 



8.3 



8.7 



9.1 



14.4 



24.6 



18.0 



YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 
Cash 



Marketable Securities 

Current Accounts Receivable. 
Inventories* 6 ' 



Total Current Assets , 

Current Accounts Payable 

Bank Loans , 

Accrued Taxes Payable 

Accrued Interest and Dividends Payable. 



Net Working Capital 

Refundable Portion of Excess Profits Tax. 
Plant, Property and Equipment (Net) ' . 
Investment in Other Companies (Net) (8 > . 

Goodwill, Franchises, etc 

Miscellaneous Assets'" 

Miscellaneous Liabilities* 10 ' 



Total. 



Capital and Surplus 

Funded Debt* 11 ' 

Loans from Parent Companies and Other Sources (Net) 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves* 12 ' 



Total. 



8.4 

5.2 

21.0 

30.4 

65.0 

12.2 

4.9 

5.8 

.4 

41.7 

32.1 
3.4 
3.5 

2.0 

.5 
82.2 



3.6 

4.5 

13.0 

36.9 

24.2 

82.2 



9.5 

6.8 

23.5 

37.4 

77.2 

14.6 

7.2 

10.0 

.5 

44.9 

32.7 
4.0 
3.5 
2.3 

.6 
86.8 



3.3 

5.1 
12.9 
37.0 
28.5 

86.8 



12.5 
10.8 
22.2 
38.4 

83.9 

14.0 

8.0 

11.5 

.4 

50.0 
1.2 

32.3 
4.0 
3.4 
2.4 

.4 
92.9 



2.8 

5.8 

12.7 

37.3 

34.3 

92.9 



12.1 
15.7 
20.9 
39.4 

88.1 

14.9 
7.3 

10.9 

.4 

54.6 
3.5 

31.0 
3.8 
3.4 
2.7 



98.8 



3.0 

6.7 
12.6 
37.7 
38.8 



98.8 



14.1 
19.3 
20.8 
39.0 

93.2 

16.6 

7.3 

10.2 

.4 

58.7 
5.5 

30.9 
3.6 
3.3 
3.4 

.8 



104.6 



4.6 

7.0 

11.7 

38.1 

43.2 



104.6 



12.9 
20.9 
22.2 
40.3 

96.3 

17.3 
9.2 
9.5 

.4 

59.9 

► 7.0 

33.1 

4.1 

3.2 

3.9 



110.5 



4.4 

6.7 

11.4 

38.7 

49.3 



110.5 



14.0 
12.7 
27.6 
49.9 

104.2 

20.0 

11.1 

9.7 

.7 

62.7 
6.4 

38.8 
4.5 
3.2 
3.7 



118.6 



5.9 

6.6 

9.9 

39.9 

56.3 



118.6 



13.3 

8.4 

33.1 

62.4 

117.2 

24.1 

15.7 

10.0 

.9 

66.5 
6.1 

47.6 
5.8 
3.1 
3.9 

1.2 
131.8 



7.5 

5.8 

11.0 

40.9 
66.6 



131.8 



18.1 

7.3 

38.7 

66.1 

130.2 

25.5 

13.5 

9.9 

.6 

80.7 
4.9 

55.5 
6.4 
2.9 
4.4 

1.1 
153.7 



10.2 
5.6 
10.4 
42.5 
85.0 



153.7 



21.1 

8.1 

40.8 

68.5 

138.5 

25.8 

13.1 

8.1 

1.5 

90.0 
3.3 

60.0 
5.5 
2.7 
4.2 

1.0 
164.7 



11.0 
4.6 
11.0 
42.5 
95.6 



164.7 



t This includes only companies with 1941 assets over $200,000 and under $1,000,000 and constitutes a relatively small sample of all companies having assets 
under $1,000,000. Note: For other footnotes see page 1 68. 



173 



Millions of Dollars 



OCTOBER 1951 
VIII— PUBLIC FINANCE: PROVINCIAL G 

Bank of Canada, Dominion Bureau of 



Fiscal year-end nearest to Dec. 31st 



Direct Debt 

Funded Debt 12 ' 

Less Sinking Funds 

Net Funded Debt 

Treasury Bills 

Held by Govt, of Canada 

Held by Others 

Total Treasury Bills 

Savings Deposits 

Temporary Loans 

Superannuation & Other Deposits. 



Accrued Interest 

Accounts Payable & 

Other Liabilities' 4 '. 



TOTAL DIRECT DEBT (Less Sinking Funds) . . . 

Indirect Debt 

Guaranteed Bonds (5) 

Less Sinking Funds 

Net Guaranteed Bonds 

Loans under M.I.A. Act 1 " 

Guaranteed Bank Loans 

Other Indirect Debt' 7 ' 

Total Indirect Debt (Less sinking Funds) 
Total Direct and Indirect Debt 

(Less Sinking Funds) 



Provincial Distribution' 8 ' 

Newfoundland! 

Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec (7) 

Ontario 

Manitoba 

Saskatchewan 

Alberta 1 *' 

British Columbia 



Total Direct and Indirect Debt 

(Less Sinking Funds) 



1926 



740.2 
41.6 



698.6 



62.1 



62.1 

43.8 

1.9 

9.4 

9.7 

18.3 
843.8 

98.8 
.7 



98.1 

3.3 

3.1 

104.5 



948.3 



2.1 
38.6 
37.8 
98.4 

404.2 
90.1 
58.8 

122.4 
95.9 



1930 



974.9 
60.6 



914.3 



91.2 



91.2 
49.0 
8.5 
10.8 
13.5 

19.3 



1,106.6 

108.5 
3.4 



105.1 

10.3 
16.0 



131.4 



1,238.0 



2.8 

55.4 

52.5 

104.9 

552.7 

107.6 

98.4 

136.5 

127.2 



948.3 1,238.0 



1933 



1,265.9 
85.4 



1,180.5 

51.6 
89.2 

140.8 
30.8 
9.9 
15.4 
17.9 
20.7 
1,416.0 

123.3 
5.2 

118.1 

22.0 

16.9 

157.0 



1,573.0 



3.9 
67.4 

61.5 
170.5 
692.4 
118.5 
153.3 
157.6 
147.9 



1,573.0 



1937 



1,511.6 
123.4 



1,388.2 

129.5 
103.3 

232.8 
47.3 
14.4 
27.9 
18.0 

26.4 
1,755.0 

166.7 
13.3 

153.4 

36.9 
17.7 



208.0 



1,963.0 



5.9 
93.1 
82.2 
285.6 
806.1 
122.4 
216.1 
172.3 
179.3 

1,963.0 



1940 



1,734.5 

156.8 

1,577.7 

160.6 
109.4 

270.0 

41.7 

8.2 

28.5 

21.1 

27.6 
1,974.8 

164.4 

7.5 

156.9 

7.5 

37.7 

19.8 

221.9 

2,196.7 



9.7 
101.7 
99.8 
425.9 
859.5 
120.3 
234.4 
168.6 
176.8 



1945 



1,641.6 

199.6 

1,442.0 

178.1 
32.0 

210.1 
48.4 
24.4 
41.9 
17.9 

33.4 
1,818.1 

135.1 
4.6 

130.5 

5.3 

8.3 

12.4 



156.5 



1,974.6 



10.5 

95.9 

96.6 

387.0 

757.3 

97.1 

196.6 

161.1 

172.5 



1948 ; 1949 



1,826.0 
268.3 



1,557.7 

97.5 a 
39.9 

137.4 
65.4 
11.7 
63.9 
18.6 
47.7 
1,902.4 

447.2 
6.1 

441.1 

4.7 

15.3 

9.8 



470.9 



2,373.3 



13.7 
118.1 
135.8 
633.2 
884.6 

82.9 
152.5 
138.9 
213.5 



1,950.6 
289.0 



1,661.6 

93.7 
39.4 

133.1 

67.9 
25.3 

72.7 
20.1 

52.4 



2,033.1 

628.3 
6.2 



622.1 

4.5 

16.4 

7.8 



650.8 



2,683.9 



10.0 

14.8 

139.1 

151.5 

638.9 

1,088.6 

99.2 

152.0 

138.6 

251.2 



1950 

• 



2,196.7 1,974.6 2,373.3 2,683.9 2,845.5 



t Newfoundland joined Canada on March 31, 1949 and since then figures for 
that province have been included. 

(1) For purposes of comparability certain liability items shown on Provincial 
Balance Sheets, such as reserves and trust and special deposits covered by 
designated assets, have been excluded. The analysis in general conforms 
with that used in Comparative Statistics of Public Finance, Dom. -I'm. 
Conference. Also see note (8). 

(2) Includes bonds, debentures and stock and debentures issued for the school 
refinancing plan by the Quebec Municipal Commission. See note (9). 

(3) Decrease largely due to the adjustment of indebtedness of the four we t- 
em provinces in respect of relief loans, etc., and to final settlement of claims 
of Alberta and Saskatchewan regarding natural resources. 



(4) Alberta figures for years 1937-1949 inclusive, include a liability for unpaid 
interest on bonds, debentures and savings certificates which, for the yean 
1937-1945. is based on the assumption that the net amount of back interest 
provided for under the Debt Refunding Plan was accumulated evenly 
over the period. The 1945 figure includes 10.8. being the portion of interest 
adjustments deferred under the plan. In 1946, 47. 48 and 49 the corres- 
ponding figures are 8.7, 6.5, 4.3 and 2.2 respectively. 

(5) Excluding C.N.R. bonds guaranteed by provinces. Also see note (9). 

(6) Govt, of Canada loans under Municipal Improvements Assistance Act. 

(7) Quebec figures of indirect debt exclude 18.6. 35.7 and 35.6 in the years 
1945, 48 and 49, being commitments on the Public Charities Fund payable 



OCTOBER 1951 



174 



WfENTS : OUTSTANDING DEBT (l) 

and Dominion - Provincial Conference 



Millions of Dollars 



Fiscal year-end nearest to Dec. 31st 


1926 


1930 


1933 


1937 


1940 


1945 


1948 


1949 


1950 
• 


FUNDED DEBT (Less Sinking Funds) 

Newfoundland! 


1.4 
32.9 
32.8 
73.4 
272.9 
62.9 
55.0 
84.5 
82.8 


1.7 
50.7 
38.6 
74.4 

397.7 
75.5 
80.1 

101.6 
94.0 


3.0 

60.9 

57.0 

111.4 

518.3 

82.4 

105.4 

120.8 

121.3 


4.7 

85.3 

68.5 

232.2 

575.7 

82.6 

111.4 

116.1 

111.7 


6.8 

94.5 

91.9 

361.0 

616.6 

75.3 

107.5 

114.2 

109.9 


7.6 

81.8 

91.3 

340.7 

560.8 

56.9 

107.5 

114.6 

97.2 


12.0 
107.7 
115.9 
410.5' 
534.8 
50.6 
98.4 
108.3 
119.5 


4.1 
13.5 
122.7 
133.3 
383.2' 
585.3 
67.4 
106.0 
109.0 
137.1 


4.0 


Prince Edward Island 


13.8 


Nova Scotia 


137.6 


New Brunswick 


137.1 




380.4' 




582.7 




73.4 




118 6 


Alberta 


88.8 


British Columbia 


147.4 






Total 


698.6 


914.3 


1,180.5 


1,388.2 


1,577.7 


1,442.0 


1,557.7 


1,661.6 


1,683.8 




Treasury Bills Held by Govt, of Canada 


- 


- 


10.5 

23.8 

10.5 

6.8 


21.4 
48.3 
26.5 
33.3 


25.2 
74.2 
26.5 
34.7 


24.7 
92.8 
26.2 
34.4 


18.8 
41.8 
12.5 
24.3 


18.3 
39.5 
12.2 
23.7 


17.8 


Saskatchewan 


37.1 


Alberta 


11.8 


British Columbia 


23.0 






Total 


- 


- 


51.6 


129.5 


160.6 


178.1 


97.5 


93.7 


89.7 






Treasury Bills Held by Others 

Nova Scotia 


2.5 

6.8 

48.0 

1.8 

.8 

2.2 


1.5 
4.7 

39.0 
8.2 
7.9 
9.9 

20.0 


1.5 

.8 

13.5 

36.6 

18.1 

11.9 

1.0 

5.8 


2.2 

5.9 

9.5 

49.0 

11.9 

17.5 

1.0 

6.3 


2.9 

9.5 

61.0 

11.0 

16.6 

1.7 

6.7 


8.5 

8.5 
7.5 

7.6 


3.5 

7.1 

7.3 
6.3 

15.7 


.5 
18.0 

7.8 
.7 

12.4 


10.0 


New Brunswick 


7.2 




1.5 




5.0 




21.3 


Saskatchewan 




Alberta 




British Columbia 


20.2 






Total 


62.1 


91.2 


89.2 


103.3 


109.4 


32.0 


39.9 


39.4 


65.2 






Other Direct Debt< 10 > 

Newfoundland]" 


.6 

3.1 

3.9 

11.8 

27.0 

16.8 

1.4 

12.5 

6.0 


1.1 

2.7 

8.0 

10.9 

36.0 

16.7 

4.1 

14.4 

7.2 


1.0 

4.2 

2.1 

15.8 

38.3 

2.3 

7.1 

16.6 

7.3 


1.2 

5.0 

6.0 

11.1 

53.6 

2.6 

12.9 

20.3 

21.3 


2.6 

4.0 

2.2 

16.7 

52.3 

4.9 

9.8 

17.8 

16.8 


2.8 
11.4 

3.4 
18.3 
78.8 

4.7 

3.8 
18.4 
24.4 


1.6 

8.1 

8.1 

26.3 

93.1 

5.1 

5.4 

15.8 

43.7 


.8 
1.2 

12.5 
7.5 

29.7 

108.6 

4.9 

5.1 

14.3 

53.8 


.1 


Prince Edward Island 


1.8 


Nova Scotia 


10.6 


New Brunswick 


7.4 


Quebec 


26.3 




110.3 




4.9 


Saskatchewan 


5.3 


Alberta (4) 


13.4 


British Columbia 


58.6 






Total 


83.1 


101.1 


94.7 


134.0 


127.1 


166.0 


207.3 


238.4 


238.7 






Total Indirect Debt (Less sinking Funds) 

Newfoundland! 


.1 
1.2 

6.5 
56.3 

8.7 

1.5 
25.4 

4.8 


.5 

1.1 

19.6 

80.0 

7.3 

6.3 

10.6 

6.0 


.9 
1.6 
29.7 
99.2 
5.2 
5.0 
8.7 
6.7 


.1 

.4 

1.9 

32.8 

127.8 

4.0 

26.0 

8.3 

6.6 


.2 

3.2 

2.8 

38.6 

129.6 

3.9 

26.4 

8.5 

8.7 


.1 
2.7 
1.9 
19.5 
117.7 
2.3 
1.5 
1.9 
8.9 


.1 

2.3 

8.3 

189.3 

256.7 

1.0 

.7 

2.3 

10.2 


5.0 

.1 

3.9 

10.2 

208.1 

394.7 

.8 

.7 

3.1 

24.2 


6.0 

.1 

3.8 

12.6 

211.6 

495.3 

1.1 

.9 

4.1 

32.6 


Prince Edward Island 


Nova Scotia 


New Brunswick 


Quebec 17 ' 


Ontario 


Manitoba 


Saskatchewan 


Alberta 


British Columbia 




Total 


104.5 


131.4 


157.0 


208.0 


221.9 


156.5 


470.9 


650.8 


768.1 







(8) 



to institutions in equal instalments. Similar grants in other provinces are 
voted annually through current account and not shown as contingent 
liabilities. Also see note (9). 

Most provinces have assets such as cash, investments, advances to or 
guarantees for enterprises of a self liquidating nature. Thus the "dead- 
weight" debt of a province in any year may be considerably less than 
the amount shown hereunder. 



(9) School refinancing bonds of 59.1, 55.3 and 51.2 (est.) in the years 1948, 49 
and 50 respectively, issued by the Quebec Municipal Commission and 
guaranteed by the Province are included in Direct Funded Debt. 

(10) Includes savings deposits, temporary loans, superannuation and other 
deposits, accrued interest, accounts payable and other liabilities. 

ir Approximate figures, compiled from information contained in budget 
speeches, preliminary releases and related material. 



175 



Millions of Dollars 



OCTOBER 1951 



VIII— PROVINCIAL GOVERNMENTS : CURRENT REVENUE 

Bank of Canada, Dominion Bureau of Statistics and Dom. - Prov. Conference 



CD 



Fiscal Year nearest to Calendar Year 



From the Public 

Taxes on Income of Individuals 

Taxes on Corporation Profits' 3 ' 

Other Corporation Taxes 

Revenue from Public Domain 

Succession Duties 

Liquor Revenue (Net)' 4 ' 

Tobacco Tax 

Amusement Taxes 

Gasoline Taxes 

Motor Vehicle Licences 

Taxes on Real Property' 5 ' 

Retail Sales Taxes 

Miscellaneous Taxes' 6 ' 

Licences, Permits and Fees (ex. Motor Vehicles) 
Other Revenue 

Total from the Public 

From the Government of Canada"' 

Subsidies 

Interim Grants 

Transfers under Tax Agreements' 8 ' 

Gasoline Tax Guarantees 

Share of Income Tax, Certain Public Utilities. . . 

Total from Government of Canada'". . . . 
Total Current Revenue 

Provincial Distribution* 9 ' 

Newfoundlandf 

Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta* 12 ' 

British Columbia 

Total Current Revenue' 9 ' 



1926 



1.5 
1.6 

11.9 
21.3 
15.7 

10.4 

4.9 

6.5 
15.9 

9.5 

2.3 

7.8 
2.5 



117.8 



12.5 



12.5 



130.3 



.9 
4.6 
4.1 
29.7 
37.8 
10.0 
11.7 
10.1 
21.4 



130.3 



1930 1933 



2.1 

2.6 

14.0 

18.6 

20.7 

32.6 

4.5 

23.5 
19.7 

6.0 



8.6 
2.6 

157.3 



12.6 
1.6 



14.2 



171.5 



1.1 

6.7 

6.4 

43.3 

55.1 

10.9 

11.9 

12.7 

23.4 

171.5 



5.2 

3.2 

16.0 

12.8 

12.8 

16.4 

3.2 

26.2 
20.6 

5.5 

2.6 

7.7 
2.2 

134.4 



13.7 
1.6 



15.3 



149.7 



1.2 
0.7 
5.0 
31.0 
52.0 
12.0 
10.9 
11.7 
19.2 



149.7 



1937 



11.8 
8.7 
21.1 
25.5 
36.7 

29.9 

2.8 

38.8 
26.5 

5.5 
1.9 
2.9 

8.6 
2.3 



223.0 



13.7 
8.1 



21.8 



244.8 



1.6 
10.5 

7.7 
57.2 
87.1 
15.3 
16.1 
18.7 
30.6 



244.8 



1940 2 



16.3 
29.0 
25.3 
29.8 
22.2 

37.4 
2.0 
2.7 

56.6 
29.6 

5.6 

11.8 

2.9 

8.7 
2.1 

282.0 



13.7 

6.1 



19.8 



301.8 



1.7 
13.2 
10.0 
80.0 
103.2 
17.3 
20.1 
20.8 
35.5 



301.8 



1945 



.3 

.1 

.8 

40.3 

25.2 

100.1 
5.6 
0.0 

58.1 
31.8 

7.1 
20.8 

5.7 

12.4 
3.3 

318.2 



14.4 

83.3 
3.5 



101.2 



419.4 



2.5 

19.0 
14.2 
114.6 
132.9 
22.5 
33.4 
34.2 
46.1 



419.4 



1948 



.2 
86.3 
19.8 
72.0 
29.1 

129.6 
8.9 
17.1 

124.3 
51.5 

0.4 
48.4 
17.2 

10.1 
11.1 

038.0 



17.0 
84.3 

101.3 
739.3 



4.7 
32.6 
28.4 
202.2 
220.5 
35.8 
54.3 
61.9 
98.8 



739.3 



1949 



.1 

100.1 

21.0 

92.4 

29.2 

134.4 

9.0 

20.4 

137.8 
58.2 

5.2 
61.9 
25.0 

17.2 
13.3 

731.7 



19.1 

6.5 

79.8 

1.5 



106.9 



838.6 



17.7 

5.1 

34.3 

29.4 

207.6 

234.6 

38.1 

60.4 

88.4 

123.0 



838.6 



1950 
• 



-150.3 

111.9 
31.3 

136.2 
10.0 
18.8 

154.8 
66.3 

6.0 
75.8 
28.5 

18.3 
13.7 



821.9 



18.7 

6.5 

92.6 

4.4 

122.2 

944.1 



22.0 

5.5 

35.4 10 

32.2 

238.2 

262.9 

39.4 

66.0 

104.6 

137.9 



944.1 



Newfoundland joined Canada on March 31, 1949. 

Excludes interest receipts, grants-in-aid for unemployment relief, old age 
pensions, technical education, etc.; refunds from other provinces, muni- 
cipalities, etc.; and institutional revenues from sales of produce and services, 
all of which have been deducted from corresponding items of expenditure. 
(2) Quebec figures for the nine month fiscal period ended March 31. 1941 
have been adjusted to twelve month period. 

In the years 1948-1951 includes sums received by the provinces with Tax 
Rental Agreements (all except Ontario and Quebec) from the 5% levy 
collected on their behalf by the Government of Canada. 
Includes share of Ontario's licence revenues paid to municipalities, omitted 
in previous Statistical Summary statements. 

Includes Highway Tax (N.S.) and Municipal Commissioner's Levy (Man.). 
Includes premiums paid by individuals under the compulsory Hospital 
Services Plans in Saskatchewan (1947-51) and British Columbia (1949-51). 
In previous Statistical Summary statements such amounts were in "Other 
Revenue". 



t 
(1) 



(3) 



(4) 

(5) 
(6) 



(8) 
(9) 



Common School and School Lands Funds interest revenue previously in- 
cluded hereunder in Statistical Summary statements is now included in 
the contra expenditure item — "Less Interest Revenue Received ". 
Excludes 5% provincial tax on corporate profits. See note (3). 
Totals will differ from the total revenue figures in the Provincial Public 
Accounts since for the purpose of comparison a number of adjustments 
have been made, including the deductions of certain items of revenue 
from the corresponding expenditure. See footnotes (1) and (7). 

(10) Based on official statement for 12 months ended November 30th, 1950. 

(11) Based on official estimates for 12 months ending March 31st, 1952. 

(12) Alberta revenue figures for the years 1937-1945 inclusive have been ad- 
justed to conform to arrangements with the Government of Canada in 
connection with the Debt Refunding Plan. 

if Approximate figures, compiled from information contained in budget 
speeches, preliminary releases and related material. 
^•^Compiled from information contained in official estimates adjusted to a 
comparable basis. 



OCTOBER 1951 



VIII— PROVINCIAL GOVERNMENTS : CURRENT EXPENDITURE ' 

Bank of Canada, Dominion Bureau of Statistics and Dom. - Prov. Conference 



176 



Millions of Dollars 



Fiscal Year nearest to Calendar Year 



Education. 



Public Welfare (Ex. Relief) 

Old Age Pensions"' 

Health and Hospital Care <3) . 
Other 



Total Public Welfare (ex. Relief) .... 

Highways & Other Aids to Transport 

Public Domain 

Agriculture 

Administration of Justice 

General Government*" 

Legislation 

Gross Debt Service (Ex. Debt Repayment)'". 

Less Interest Revenue Received^ 



1926 



25.fi 



10.6 
6.5 



Net Debt Service 

Subsidies to Municipalities for 
General Purposes" 5 



Other 

Sub-Total (Ex. Relief) . 
Relief 



Total Current Expenditure 

(Ex. Debt Repayment) 



Provincial Distribution' 8 ' 

Newfoundland! 

Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta" 2 ' 



British Columbia 

roTAL Current Expenditure 

(Ex. Debt Repayment) 



17.1 

22.2 

8.9 

4.7 

9.6 

9.4 

2.4 

41.6 

20.6 



21.0 

1.1 
2.4 



124.4 
.1 



124.5 



5.1 

3.9 

26.1 

40.9 

8.5 

9.9 

9.6 

19.7 



124.5 



1930 



33.8 



4.6 
17.9 

7.4 



29.9 
37.8 
14.4 

7.1 
12.8 
11.8 

3.2 
51.9 
25.4 



26.5 

1.1 
3.7 



182.1 
5.0 



187.1 



1.1 
6.7 
6.3 
42.6 
60.8 
11.8 
17.0 
15.3 
25.6 



187.1 



1933 



27.5 



3.3 

18.1 
6.2 



27.6 

18.6 

8.7 

7.0 

11.2 

10.0 

2.3 

73.7 

25.4 



48.3 

.1 
1.2 



162.5 
36.1 



198.6 



1.1 
8.3 
5.8 
42.9 
65.7 
15.0 
21.3 
16.4 
22.1 



198.6 



1937 



33.0 

9.7 
23.8 
11.1 

44.6 
28.0 
14.3 

6.9 
13.6 
13.8 

3.3 
73.8 
22.7 
51.1 

3.2 
3.4 



215.2 
60.5 



275.7 



1.4 
9.9 
7.4 
66.2 
85.1 
15.8 
43.6 
17.4 
28.9 



275.7 



1940 



37.5 



10.5 
28.1 
13.6 



52.2 
33.1 
16.1 

7.8 
14.5 
15.6 

2.2 
84.3 
24.5 



59.8 

3.3 

4.7 



246.8 
18.5 



265.3 



1.6 
11.2 

8.9 
69.5 9 
89.7 
15.2 
22.0 
17.2 
30.0 



265.3 



1945 



71.4 



18.7 
41.1 
19.4 



79.2 
55.9 
22.1 
13.6 
17.2 
19.8 
4.2 
77.0 
25.7 



51.3 

3.7 
4.2 



342.5 
3.8 



346.3 



2.5 
16.8 
12.5 
93.3 
123.4 
15.3 
26.3 
21.6 
34.6 



346.3 



1948 



133.6 

29.3 
89.6 
30.4 

149.3 
117.5 
42.7 
21.5 
27.5 
34.1 
6.1 
74.6 
24.9 



49.7 

11.7 
16.0 



609.8 
6.9 



616.7 



3.5 
26.1 
24.0 
157.3 
208.3 
27.3 
46.6 
38.5 
85.1 

616.7 



1949 



150.1 



38.2 

129.3 

35.4 



202.9 
120.7 
46.4 
24.7 
32.3 
38.3 
4.3 
77.7 
26.6 



51.1 

15.4 
24.5 



710.7 
13.3 



724.0 



22.1 

4.7 

31.8 

26.3 

167.5 

224.8 

28.1 

53.3 

43.4 

122.0 



724.0 



1950 
• 



172.2 



40.6 

140.9 

40.6 



222.1 
128.1 
48.5 
23.0 
34.8 
42.9 
3.6 
81.6 
28.3 



53.3 

17.6 
20.0 



766.1 
11.3 



777.5 



22 

5 

32. 

29 

184 

240 

32 

56 

49 

124 



777.5 



1951 
•• 



176.6 



44.1 

149.2 

44.7 



238.0 
139.1 
54.5 
26.5 
37.3 
48.3 
3.5 
81.3 
28.8 



52.5 

22.2 
19.7 



818.2 
12.9 



831.1 



25.3 

5.0 

35.9 

35.6 11 

182.6 

269.8 1 

32.1 

58.2 

57.3 

129.2 

831.1 



t Newfoundland joined Canada on March 31st, 1949. 

1) Includes items which provinces may place in capital account, such as 
rural hydro bonus, grants for construction of schools, municipal roads, 
hospitals and other institutions not provincially owned, and direct relief 
expenditures. Also for the purpose of comparison, certain items of revenue 
have been deducted from the corresponding expenditure. See footnotes 
(1) and (7) page 175. 

2) Excludes pensions for the blind. 

3) Includes payments to hospitals under the Hospital Services Plans in 
Saskatchewan (1947-51) and British Columbia (1949-51). Also expenditures 
for health care which in previous Statistical Summary statements were in- 
cluded in "Other Public Welfare". 

4) Composed largely of expenditures of general administrative departments. 
Administration cost of each function of government shown in this table 
has been charged to that function. 

5) Includes an amount for unpaid interest in Alberta for the years 1937-1950 
inclusive. For the years 1937-1945 this is based on cash payments for 



interest adjustments, less offsetting reimbursements, made under the Debt 
Refunding Plan, spread evenly over the default period. Figures for the 
years 1946-1950 include the payments on the interest adjustments deferred 
in accordance with the plan. 

(6) Includes sinking fund earnings. Also interest revenue from Common School 
and School Land Funds which in previous Statistical Summary statements 
was shown as a Revenue item. See footnote (7) page 175. 

(7) See footnote (4) on page 175. 

(8J Totals will differ from the total expenditure figures given in the Provincial 
Public Accounts since for the purpose of comparison a number of adjust- 
ments have been made including the deduction of certain revenue items. 
(See footnote (1)). 

(9) See footnote (2) page 175. 

(10) See footnote (10) page 175. 

(11) See footnote (11) page 175. 

(12) See footnote (5). 

if ick See notes on page 175. 



177 

IX— BOND ISSUES AND RETIREMENTS ' 

Par Values in Millions of Canadian Dollars* Bank °f Canada 



OCTOBER 1951 





[-GOVT, ok Canada Direct &t 
Guaranteed and Other C.N.R. 




H-Provincial Direct and Guaranteed 








Net New 


New 


SSUES 


Retirements 


Net New 




New Issues 


Retirements 


Issues or 
Retirements 
















New 


Refunding 


Refunded 


1 >lr.,r 


Retirements 


Calendar Years 


















1948 


1,424.8 


1,634.8 


210.0 




240.2 


103.8 


84.7 


81.2 


178.1 


1949 


820.7 


1,236.7 


416.1 




409.4 


54.1 


73.5 


70.9 


319.1 


1950 


2,191.7 


2,282.6 


90.9 




276.9 


132.1 


131.8 


120.9 


156.3 


Nine Months 




















1948 


663.3 


885.7 


222.4 




127.9 


56.6 


48.8 


48.8 


86.9 


1949 


225.9 


196.8 


29.1 




264.3 


54.1 


43.5 


57.6 


217.3 


1950 


1,219.1 


1,350.1 


131.0 




250.2 


122.0 


121.6 


93.9 


156.7 


1951 


26.6 


307.2 


280.6 




240.4 


48.1 


34.0 


98.1 


156.4 


Quarters 




















1951 - I 


20.2 


117.4 


97.2 




18.0 


11.2 


15.4 


46.6 


32.8 


II 


4.1 


76.3 


72.2 




121.9 


36.9 


- 


34.9 


123.9 


III 


2.3 


113.5 


111.2 




100.6 


— 


18.6 


16.6 


65.4 





III-Corporations 




New Issues 


Retirements 


Net New 

Issues or 

Retirements 




New 


Refunding 


Refunded 


Other 


Calendar Years 
1948 


273.9 


20.6 


26.3 


69.1 


199.0 


1949 


260.6 


41.8 


41.8 


85.0 


175.6 


1950 


400.3 


53.5 


53.5 


87.1 


313.1 


Nine Months 
1948 


202.8 


15.1 


22.9 


55.6 


139.4 


1949 


192.6 


10.7 


10.7 


66.2 


126.4 


1950 


270.2 


39.0 


37.2 


60.3 


211.7 


1951 


245.5 


6.2 


6.2 


60.8 


184.6 


Quarters 
1951- I 


83.1 


.7 


.7 


21.4 


61.7 


II 


53.3 


5.5 


5.5 


16.2 


37.1 


III 


109.0 


~ 


— 


23.2 


85.8 



I+II+III 



Net New 

Issues or 

Retirements 



167.1 

78.6 
378.6 

3.9 

372.7 

237.4 

60.5 

68.3 
88.8 
40.0 



I V Govt.ofCanadaTreasuryBills, 


Deposit Certificates and Short- 


Term NotesSoldDirectlytoBank 


of Canada and Chartered Banks 


Net New 


Total 


Issues or 


Outstanding 


Retirements 


at End of Period 


100 


1,300 


100 


1,200 


300 


1,500 


100 


1,300 


100 


1,200 


300 


1,500 


100 


1,400 


100 


1,400 


- 


1,400 


" 


1,400 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT (I) 

GOVERNMENT OF CANADA AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 

„ „, .„,.„■ r „ ,. „ „ * AND CORPORATION BONDS 

Par Values in Millions of Canadian Dollars 





NEW ISSUES were payable In: 




Retirements 


were payable in: 




Net Increase or 
Net Decrease 






















In Bonds Outstand- 




















Canada. 






ing Payable: 




Canada 
only 


NewYork 
only 


Canada & 
NewYork 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


New York 
& London 


London 


Total 


in Canada 
only 


Abroad 


CaJendar Years 




























1948 


1,773.0 


290.0 


- 


.3 


2,063.3 


1,705.0 


161.2 


19.0 


5.3 


5.6 


1,896.1 


68.1 


99.1 


1949 


1,486.4 


100.0 


- 


.2 


1,586.6 


1,386.6 


8.8 


10.9 


91.5 


10.2 


1,507.9 


99.8 


21.2 


1950 


2,835.4 


219.1 


- 


- 


3,054.5 


2,414.3 


126.4 


78.9 


45.7 


10.6 


2,675.9 


421.1 


42.5 


Nine Months 




























1948 


775.6 


290.0 


- 


.2 


1,065.8 


882.4 


158.6 


13.9 


3.7 


3.2 


1,061.8 


106.8 


110.7 


1949 


647.5 


100.0 


- 


.1 


747.6 


345.9 


5.9 


9.7 


4.3 


9.0 


374.9 


301.6 


71.1 


1950 


1,681.4 


219.1 


- 


- 


1,900.5 


1,517.8 


13.2 


78.0 


43.9 


10.2 


1,663.1 


163.6 


73.8 


1951 


350.1 


226.7 


- 


- 


576.8 


407.3 


5.2 


33.1 


59.5 


1.2 


506.3 


67.2 


127.7 


Quarters 




























1951- I 


134.9 


8.3 


- 


- 


143.2 


188.3 


1.2 


5.8 


5.8 


.4 


201.5 


63.4 


4.9 


II 


100.4 


121.2 


- 


- 


221.7 


123.5 


2.7 


3.9 


2.4 


.4 


132.9 


23.1 


111.8 


III 


114.8 


97.1 


— 


— 


211.9 


95.5 


1.2 


23.4 


51.4 


.4 


171.9 


19.2 


20.8 



* Issues payable in Foreign Currency are included at the par of exchange up to Sept. 15, 1939, but thereafter conversion is made on the basis of the official rues 
of the Foreign Exchange Control Board. Since Sept. 1950, the market noon rates are used. t Does not include refundable tax changes which were (in mill on9 
of dollars) 85, 287. and 56 from 1948 to 1950 respectively. (1) Subject to revision. War Savings Certificates are included. Provincial Treasury Bills 
are excluded. Govt, of Canada Treasury Bills, Deposit Certificates and short-term notes sold directly to Bank of Canada and the chartered banks are not in- 
cluded in Heading I but are shown separately in Heading IV. Because of lack of sufficient data no tabulation of retirements by municipalities and religious in- 
stitutions was possible. However, the estimated net increases from 1948 to 1950 were 78, 105 and 129 millions of dollars respectively. 



OCTOBER 1951 














178 


X— CANADIAN GOLD STATISTICS 






Thousands of Fine Ounces Bank °f Canada 










SOURCES 


DISPOSITION 






Net Release 






Net Increase 








New 
Gold* 1 ' 
Production 


Physical < 2 > 
Imports 


from Gold 

held in 
Safekeeping 
for Non- 
residents 


Total 

Gold 

Available 


Physical"' 
Exports 


in Gold 
held in 
Safekeeping 
for Non- 
residents 


Net Increase 
or Decrease 
in Official 
Holdings' 4 ' 


Total 

Disposition 

of Gold 


Calendar Years 


















1939 


5,096 


17,681 


- 


22,777 


11,104 


10,700 


973 


22,777 


1940 


5,290 


73,468 


- 


78,758 


55,987 


25,114 


2,343 


78,758 


1941 


5,313 


1,389 


4,960 


11,662 


11,680 


- 


18 


11,662 


1942 


4,809 


- 


1,567 


6,376 


5,825 


- 


551 


6,376 


1943 


3,703 


- 


157 


3,860 


1,868 


- 


1,992 


3,860 


1944 


2,862 


214 


231 


3,307 


1,311 


- 


1,996 


3,307 


1945 


2,503 


- 


695 


3,198 


1,505 


- 


1,693 


3,198 


1946 


2,600 


5 


12,482 


15,087 


9,834 


- 


5,253 


15,087 


1947 


2,851 


2 


5,516 


8,369 


15,524 


- 


7,155 


8,369 


1948 


3,423 


2,384 


- 


5,807 


2,505 


11 


3,291 


5,807 


1949 


3,866 


11 


530 


4,407 


1,967 


- 


2,440 


4,407 


1950 


4,283 


15,428< 6) 


- 


19,711 


980 


16,049 


2,682 


19,711 


Quarters 


















1950- I 


1,070 


- 


- 


1,070 


218 


396 


456 


1,070 


II 


1,097 


18 


- 


1,115 


367 


542 


206 


1,115 


III 


1,024 


4,382 


- 


5,406 


344 


4,107 


955 


5,406 


IV 


1,091 


11,028< 6 > 


- 


12,119 


51 


11,003 


1,065 


12,119 


1951- I* 


1,023 


9,220 


_ 


10,243 


34 


9,338 


870 


10,243 


II* 


1,161 


3,144<«> 


- 


4,305 


34 


3,258 


1,013 


4,305 


Hit 


957 


156 <" 


99 


1,212 


153 


— 


1,058 


1,212 


1) Newly mined gold sold by the Mint (excl. small sales for industrial purposes) plus exports of raw golc 


or concentrates direct from the i 


nines for refining 


abroad. This series coincides with net non-monetary gold exports published monthly since 1939 








2) Excluding small amounts of unmanufactured gold, scrap and manufactured forms which are shown under various headings in the import returns. 


3) Excluding the gold content of exports of jewellers' sweepings and precious metals scrap which are shown 


in the export returns. 




4) Holdings of the Exchange Fund Account and Bank of Canada. (5) Includes 2,857 thousand fine ounces of Canadian-owned gold earmarked abroad. 


6) Includes 285 thousand fine ounces of Canadian-owned gold earmarked abroad. 








7) Includes 143 tho 


usand fine ounces of 


Canadian-owned 


gold earmarked a 


broad. * Revised. t Preliminary. 















XI— BUSINESS ACTIVITY 




















Dominion Bureau of Statistics 














Production 


Res- 
idential 
Con- 


Car 


Value 
of 


Employ- 
ment 
Index 


Aggregate 
Payrolls 












Central 


Index 












News- 


struction 


Loadings 


Department 


(«) 


(3) 






Gold 


Nickel 


Steel 


print 
(i) 


Electric 
Stations' 2 ' 


Contracts 
Awarded 




Store Sales 


Unadjusted 


Unadjusted 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 




Millions 










Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 


Thousands 


of Dollars 


1939 = 100 


1939 = 100 




nnualTotals**' 
























1932 


3,044 


15 


380 


2,186 


12,296 


29 


2,180 


254 


(5) 


(5) 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


289 


(5) 


(5) 




1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


158.3 


245.2 




1948 


3,530 


132 


3,202 


4,983 


40,607 


373 


4,060 


803 


165.0 


282.9 




1949 


4,124 


129 


3,187 


5,176 


42,103 


464 


3,907 


855 


165.5 


303.7 




1950 


4,441 


124 


3,384 


5,279 


46,085 


542 


3,906 


873 


168.0 


321.8 




!-mths. ending 
























Sept. 1951 


4,380* 


135* 


3,536* 


5,461 


50,775 


461 


4,179 


900 


178.0 


365.7 




Monthly 
























950— June 


368.3 


10.8 


276.4 


441.0 


3,706 


63.7 


354 


69.2 


166.0 


315.3 




July 


367.8 


9.4 


264.2 


439.3 


3,715 


74.2 


332 


54.8 


170.8 


328.3 




Aug. 


375.9 


7.7 


281.3 


466.4 


3,849 


48.5 


275 


61.4 


172.5 


332.5 




Sept. 


364.4 


11.7 


274.9 


437.6 


3,852 


56.3 


363 


78.3 


174.1 


328.0 




Oct. 


376.3 


10.4 


293.9 


456.4 


4,102 


54.8 


385 


83.8 


177.1 


346.6 




Nov. 


378.3 


11.9 


289.5 


456.7 


4,143 


44.0 


369 


98.2 


178.1 


351.7 




Dec. 


382.5 


10.3 


291.2 


430.6 


4,241 


28.5 


314 


118.9 


179.2 


356.2 




351— Jan. 


374.5 


10.9 


309.7 


453.0 


4,368 


16.0 


331 


58.3 


175.3 


338.2 




Feb. 


347.1 


9.6 


281.4 


425.1 


3,982 


25.0 


294 


58.4 


172.3 


351.5 




Mar. 


372.4 


11.6 


314.8 


473.0 


4,395 


32.0 


336 


72.6 


172.3 


353.8 




Apr. 


363.1 


10.5 


312.0 


447.6 


4,227 


49.8 


337 


75.1 


173.3 


357.8 




May 


369.4 


12.4 


313.3 


485.7 


4,407 


52.0 


380 


76.6 


175.6 


367.9 




June 


362.6 


11.8 


293.5 


464.3 


4,242 


50.3 


370 


69.5 


180.3 


379.0 




July 


344.4 


11.8 


274.6 


452.5 


4,205 


43.8 


350 


54.5 


183.6 


392.5 




Aug. 


345.1 


11.8 


286.8 


484.6 


4,315 


35.2 


363 


61.5 


184.3 


394.0 




Sept. 








431.1 


4,148 


30.0 


350 


72.4 


185.0 


399.1 




) Source; Ne 


wsprint Associ 


ation of Cana 


da. Includes 


Newfoundland 


(2) Tot 


al output less 


exports and s 


econdary pow 


it. Includes 


Newfoundland 




commencini 


I January 195C 


(3) 9 Le 


ading industri 


:s. First of n 


lonth figures. 


(4) Avera 


ge of months i 


i case of ErnpU 


>yment and Pa 


y rolls Indexes. 




*12-months 


ending Aug. 1< 


•51. (5) No 


t available. 

















179 



OCTOBER 1951 



XII— WHOLESALE PRICES 

Index 1935-39 = 100 
CANADA 

Dominion Bureau 
of Statistics 





Farm Products* 


Raw& 


Fully & 












Partly 


Chiefly 


Total 


















Manu- 


Manu- 






Fieldf 


Animal 


Total f 


factured 


factured 




Average of Months 














1926 


158.5 


130.2 


144.4 


129.1 


133.0 


130.3 


1932 


60.4 


70.5 


65.5 


75.5 


92.8 


86.9 


1937 


128.9 


106.0 


107.4 


113.7 


104.4 


107.7 


1946 


177.9 


181.2 


179.5 


140.1 


138.0 


138.9 


1947 


184.1 


200.2 


192.2 


164.3 


162.4 


163.3 


1948 


200.6 


263.7 


232.1 


196.3 


192.4 


193.4 


1949 


191.9 


265.4 


228.7 


197.1 


199.2 


198.3 


1950 


184.6 


281.4 


233.0 


212.8 


211.0 


211.2 


Monthly 














1950— June 


197.7 


289.1 


243.4 


214.6 


207.1 


209.2 


July 


197.2 


296.4 


246.8 


218.8 


209.3 


212.0 


Aug. 


174.2 


298.5 


236.3 


221.2 


213.7 


215.7 


Sept. 


172.6 


297.1 


234.9 


226.0 


221.6 


222.6 


Oct. 


170.2 


286.8 


228.5 


220.0 


220.8 


220.0 


Nov. 


170.3 


290.5 


230.4 


221.9 


223.2 


222.4 


Dec. 


170.6 


298.4 


234.5 


225.1 


225.7 


225.2 


1951— Jan. 


173.5 


310.9 


242.2 


231.1 


233.6 


232.3 


Feb. 


177.9 


329.6 


253.7 


237.1 


240.0 


238.5 


Mar. 


181.2 


347.2 


264.2 


238.8 


244.1 


241.8 


Apr. 


181.6 


331.6 


256.6 


238.6 


244.9 


242.2 


May 


177.0 


336.1 


256.5 


238.9 


244.4 


241.9 


June 


174.4 


353.1 


263.8 


242.9 


243.7 


242.7 


July 


177.8 


358.9 


268.3 


242.5 


246.6 


244.2 


Aug. 


164.6 


348.3 


256.4 


237.1 


245.1 


241.5 


Sept. 


168.5 


339.2 


253.9 


235.8 


243.7 


240.1 



U.S.A. 

Bureau 
of Labor Statistics^ 



Farm 
Products 


Raw 

Materials 


Manu- 
factured 
Products 


Total 


131.6 


130.2 


120.8 


124.1 


63.4 


71.7 


84.9 


80.4 


113.7 


110.4 


105.3 


107.1 


195.5 


175.1 


139.9 


149.9 


238.1 


215.4 


176.1 


188.5 


247.9 


232.4 


192.5 


204.9 


217.7 


213.2 


182.6 


192.2 


224.3 


224.6 


189.4 


200.4 


218.3 


218.4 


185.4 


195.2 


231.6 


228.9 


190.8 


202.1 


233.7 


233.2 


194.7 


206.5 


237.4 


236.7 


198.1 


210.3 


233.9 


234.6 


197.5 


209.8 


241.7 


240.2 


199.4 


213.0 


246.6 


243.6 


204.0 


217.5 


255.5 


250.8 


209.1 


223.4 


266.6 


259.2 


211.8 


227.8 


268.2 


259.6 


212.3 


228.3 


266.4 


257.4 


212.7 


227.8 


262.6 


254.6 


212.8 


226.9 


261.3 


253.5 


212.0 


225.6 


255.3 


247.3 


211.5 


222.7 


250.8 


244.1 


210.6 


220.8 


248.9 


243.4 


210.4 


220.3 



U.K. 

Board of 
Traded 




124.8 
86.2 
109.5 
176.4 
193.2 
220.9 
231.7 
264.7 

258.7 
262.0 
265.9 
274.0 
281.5 
291.0 
294.4 

302.1 
307.8 
315.8 
321.0 
322.0 
323.3 
322.2 
325.9 
327.4 



(1) Adjusted to 1935-39 - 100 from base 1926 = 100. 

(2) Adjusted to 1935-39 = 100 from base 1913 = 100 in the years 1926 to 1929 inclusive and from base 1930 = 100 thereafter. 

* An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. Participation 
payments are included and the series revised whenever such payments are announced. t Revised from Aug. 1945 to July 1950 to include final five-year 

contract payment for wheat. 



Index 1935-39 = 100 



XIII— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 

Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


1949 


203.0 


131.1 


183.1 


123.0 


167.6 


128.8 


160.8 


1950 


210.9 


138.3 


182.3 


132.9 


169.2 


132.6 


166.5 


First of Month 
















1950— Apr. 


204.5 


138.0 


181.2 


132.7 


166.4 


132.3 


164.0 


May 


204.6 


137.5 


180.8 


132.7 


166.4 


132.3 


164.0 


June 


209.0 


137.1 


180.7 


132.7 


166.9 


132.4 


165.4 


July 


214.3 


137.7 


180.7 


134.9 


166.9 


132.5 


167.5 


Aug. 


216.7 


138.4 


180.9 


134.9 


168.9 


132.5 


168.5 


Sept. 


218.8 


140.8 


182.3 


135.5 


171.1 


132.8 


169.8 


Oct. 


220.1 


141.0 


183.5 


135.5 


172.7 


133.3 


170.7 


Nov. 


218.6 


140.6 


184.5 


136.4 


174.8 


133.4 


170.7 


Dec. 


218.8 


140.7 


184.9 


136.4 


176.4 


134.1 


171.1 


1951-Jan. 


220.2 


141.5 


187.1 


136.4 


179.8 


135.8 


172.5 


Feb. 


224.4 


141.7 


192.4 


136.4 


185.1 


137.0 


175.2 


Mar. 


233.9 


146.5 


196.3 


137.6 


188.6 


137.8 


179.7 


Apr. 


238.4 


146.7 


198.8 


137.6 


190.7 


138.8 


181.8 


May 


235.4 


146.2 


201.5 


137.6 


194.9 


140.7 


182.0 


June 


239.8 


146.2 


202.5 


139.8 


197.1 


141.0 


184.1 


July 


249.7 


147.2 


202.9 


139.8 


197.4 


142.2 


187.6 


Aug. 


251.4 


148.2 


204.6 


139.8 


199.0 


143.7 


188.9 


Sept. 


251.1 


149.5 


206.9 


142.7 


199.1 


144.0 


189.8 


Oct. 


249.7 


150.2 


213.8 


142.7 


200.1 


144.3 


190.4 



* Components were selected and weighted on the basis of 1938 family incomes ranging from $450 $2,500, with incomes between $1.000-$1,600 most common. 



OCTOBER 1951 



180 



XIV— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 



Millions of Dollars 






MERCHANDISE EX 


PORTS 1 " 














TOTAL EXPORTS (EXCLUDING GOLD) 


TO 






Net 






U.K. 


Union 


Other 


Western 


Central 




Total 


Non- 
monetary 




U.S.A. 


U.K. 


Dependen- 


op 


Sterling 


Europe & 


and 


Other 


All 


Gold 








cies 


South 
Africa 


Area 
(3) 


Colonies 
(4) 


South 
America 


(5) 


Countries 


Exports 


Calendar Years 






















1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


96 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


99 


1948 


1,516 


719 


95 


83 


115 


307 


127 


164 


3,125 


119 


1949 


1,529 


710 


72 


76 


151 


254 


132 


99 


3,022 


139 


1950 


2,050 


472 


52 


44 


108 


201 


154 


75 


3,156 


162 


12 Mths. end'g 






















Sept. 1951 <«) 


2,310 


570 


65 


50 


122 


306 


181 


118 


3,721 


156 


Monthly 






















1950-Apr. 


139.3 


25.1 


4.3 


4.1 


7.3 


8.2 


15.8 


4.9 


209.0 


11.4 


May 


178.6 


53.3 


4.6 


4.8 


16.5 


17.8 


14.0 


7.2 


296.8 


15.8 


June 


178.9 


52.9 


3.7 


5.5 


9.1 


17.6 


15.0 


6.8 


289.4 


15.0 


July 


170.1 


31.9 


4.9 


4.3 


9.7 


19.4 


11.2 


4.1 


255.5 


14.8 


Aug. 


170.9 


41.4 


3.8 


2.0 


6.1 


18.2 


14.6 


6.1 


263.2 


13.8 


Sept. 


195.5 


34.6 


5.3 


3.6 


8.2 


15.8 


17.0 


4.9 


285.0 


10.8 


Oct. 


207.2 


45.9 


4.3 


4.9 


7.0 


23.5 


15.4 


5.9 


314.0 


16.4 


Nov. 


196.0 


39.7 


4.7 


2.9 


11.9 


25.4 


13.9 


6.6 


301.0 


12.3 


Dec. 


190.5 


36.2 


3.2 


2.6 


11.4 


20.7 


13.1 


4.4 


282.0 


11.3 


1951-Jan. 


191.2 


40.0 


4.8 


3.9 


10.4 


16.2 


14.1 


10.8 


291.4 


17.3 


Feb. 


155.4 


33.0 


3.8 


1.2 


10.1 


14.6 


11.4 


7.8 


237.4 


11.7 


Mar. 


193.8 


38.9 


4.7 


3.6 


13.4 


14.5 


12.5 


9.9 


291.4 


8.4 


Apr. 


188.5 


43.8 


5.2 


6.5 


11.4 


17.8 


14.9 


15.2 


303.4 


16.2 


May 


206.2 


51.4 


6.3 


4.3 


9.2 


20.6 


18.0 


15.9 


331.9 


13.0 


June 


191.5 


55.5 


5.8 


4.8 


6.5 


35.9 


12.4 


10.7 


323.2 


13.8 


July 


205.4 


70.9 


8.6 


6.9 


11.0 


47.5 


16.2 


12.0 


378.5 


13.4 


Aug. 


195.4 


63.6 


6.8 


4.1 


12.4 


34.4 


18.1 


9.7 


344.5 


11.0 


Sept.<« 


188.3 


51.1 


6.9 


4.1 


7.4 


34.4 


21.0 


8.8 


321.9 


10.8 


Millions of Dollars 


MERCHANDISE IMPOI 


ITS (2) * 










1 














Excess of 






TOTAL IMPORTS (EXCLUDING 


GOLD) FRO 


M 






Merch- 
andise 






U.K. 


Union 


Other 


Western 


Central 


All 


Total 


Exports 
over 




U.SJV. 


U. K. 


Dependen- 


of 


Sterling 


Europe & 


and 


Other 


All 


Merch- 






(2) 


cies 


South 
Africa 


Area 

(3) 


Colonies 
(4) 


South 
America 


(5) 


Countries 


andise 
Imports 


alendar Years 






















1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


514 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


225 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


489 


1949 


1,952 


306 


107 


4 


77 


83 


193 


39 


2,760 


263 


1950 


2,130 


403 


135 


5 


103 


114 


215 


68 


3,173 


17 


! Mths end'g 






















Ug. 1951 < 6 » 


2,718 


455 


179 


6 


145 


167 


266 


87 


4,023 


339 


Monthly 






















950-Apr. 


162.2 


29.5 


5.7 


.2 


7.2 


6.4 


14.9 


4.7 


230.9 


21.9 


May 


195.5 


36.3 


16.0 


.6 


7.6 


8.8 


18.8 


6.5 


290.2 


6.6 


June 


188.3 


37.1 


13.4 


.4 


9.7 


10.1 


15.2 


8.3 


282.4 


6.9 


July 


170.6 


32.7 


12.6 


.3 


9.1 


9.8 


18.2 


6.1 


259.5 


3.9 


Aug. 


172.6 


34.3 


14.1 


.2 


7.3 


10.9 


21.9 


6.0 


267.3 


4.0 


Sept. 


177.4 


36.2 


14.7 


.6 


8.4 


11.0 


25.4 


6.0 


279.7 


5.3 


Oct. 


208.3 


41.6 


14.8 


.5 


12.2 


13.8 


22.0 


7.3 


320.5 


6.5 


Nov. 


214.8 


39.5 


16.0 


.8 


13.8 


15.3 


20.6 


6.5 


327.3 


26.3 


Dec. 


182.3 


32.0 


11.7 


.2 


8.3 


10.4 


16.2 


5.1 


266.3 


15.7 


)51-Jan. 


233.3 


33.9 


12.5 


.2 


10.2 


9.5 


22.1 


5.4 


327.1 


35.7 


Feb. 


199.0 


27.8 


7.8 


.4 


6.7 


9.1 


17.0 


6.2 


274.2 


36.7 


Mar. 


245.7 


30.4 


12.2 


.5 


12.3 


11.4 


22.5 


7.4 


342.5 


51.1 


Apr. 


278.3 


48.9 


12.7 


.5 


9.2 


14.1 


22.2 


7.0 


393.0 


89.7 


May 


273.2 


43.2 


19.7 


.8 


11.6 


18.5 


27.3 


10.5 


404.7 


72.8 


June 


241.5 


39.9 


15.2 


.6 


14.9 


17.0 


23.4 


7.9 


360.4 


37.2 


July 


234.7 


43.3 


19.2 


.6 


19.0 


18.9 


23.5 


11.3 


370.6 


7.9 


Aug. < 6 > 


229.5 


38.3 


22.3 


.5 


18.2 


17.7 


23.7 


6.6 


356.7 


12.2 


Sept."' 


211.6 


28.0 














311.0 


11.0 


Commencing April 1, 1949, external tr 


ide of Newfoundland is included 


1947 articles a 


dmitted free u 


nder Order in 


Council (9213) 


and the item 


and Canadian trade with Newfoundla 


id, formerly in the "All Other" 


'Canadian Go 


ids Returned" 


(9195) are exc 


luded. 




category, disappears. 


(3) 


Consists of Eir< 


;, India, Pakist 


an, Burma, Au 


stralia, New Ze 


aland, Iceland, 


i Includes exports of foreign produce. Ie 


the case of wheat, export figures , ., 


Ceylon and Ira 
Excludes Spain 


q. Egypt is in 
, but includes 


eluded in All ( 
Greece, Turke 


)ther. 

y, and British 


5udan. 


are based on Board of Grain Commissio 


ners rather than Customs data. (5) 


includes Egypt 


, Spain, Palest 


ine, and also N 


ewfoundland u 


ntil March 31, 


i Imports from the United Kingdom do 


not include articles imported for 


1949. 










the use of the armed forces of the Unitet 


Kingdom. In the years 1946 and (6) 


J reliminary. 


(7) Estimate 


s. 







TATISTICAL SUMMARY 



ANK OF CANADA 



Tables 



Charts 



Pages 



II 



III 



Bank of Canada : 

Liabilities and Assets 

Chartered Banks: Number of Public Demand and Notice Deposits . 
Chartered Banks: Average Size of Public Demand and Notice Deposits 
Chartered Banks: 

Liabilities and Assets 



General Public Holdings of Certain Liquid Assets: 

Currency, Bank Deposits, and Government of Canada Securities 
Resident and Non-Resident Holdings: Approximate Division 

IV Foreign Exchange Rates 

V Government Bond Yields and Treasury Bill Rates: Canada, 

U.K. and U.S.A 

Yields of Government Bonds: Canada, U.K. and U.S.A. 
VI Corporate Financial Statistics 

Total 626 Companies: Net Profit Before Tax 
45 Food Products Companies 
14 Beverage Companies 
23 Primary Textile Companies 
22 Pulp and Paper Companies 
45 Iron, Steel and Products Companies 
49 Machinery Companies (excl. Electrical) 
27 Electrical Machinery and Equipment Companies 
37 Gold Mining Companies .... 
" 18 Non-ferrous Metals Companies 

9 Petroleum Companies .... 
27 Chemical Companies .... 
59 Wholesale Trade and Services Companies 
31 Retail Trade and Services Companies . 
19 Electrical Utility Companies . 
VII Business Activity 

Employment Indexes 
VIII Wholesale Prices 
IX Cost of Living 

X Merchandise Trade: Exports and Imports by Countries 
XI Merchandise Imports: Commodity Classification 



181 - 182 
181 
182 

183 - 184 

183 - 184 
185 
185 

186 
186 

187 
188 
189 
190 
191 
192 
193 
194 
195 
196 
197 
198 
199 
200 
201 
202 
202 
203 
203 
204 
205 - 206 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



NOVEMBER 1951 



181 
















NOVEMBER 1951 | 


Millions of Dollars 
















I— BA|1 












LIABILITIES 










Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other- 
Deposits 


Foreign 
Currency 
Deposits'" 


Active 
B. of C. 

Note 
Circulation 


All 
Other 

Accounts 


Tot 
Liabill 

oi 
Ass< . 




Notes 
in Tills 


Deposits 

at 
B.of C. 


Total 


Average of 




















Month-end Figures 




















1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


291. 


1937—12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


37: 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


44) 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,841 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,891 


1947 


152.8 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,91! 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,97: 


1949 


180.8 


567.7 


748.4 


98.4 


79.9 


57.4 


1,086.8 


38.7 


2,10! 


1950 


192.3 


561.6 


753.9 


41.9 


206.2 


101.4 


1,100.9 


37.8 


2,24: 


End of 




















1950— July 


200.3 


552.7 


753.0 


19.6 


228.9 


94.6 


1,093.9 


34.4 


2,2* 


Aug. 


220.2 


568.2 


788.3 


16.7 


233.1 


106.2 


1,083.6 


36.9 


2,26! 


Sept. 


179.3 


555.8 


735.1 


22.0 


258.2 


89.6 


1,139.1 


38.6 


2,282 


Oct. 


211.8 


621.7 


833.5 


39.0 


235.2 


143.3 


1,110.0 


48.3 


2,40$ 


Nov. 


204.1 


578.8 


782.9 


45.3 


221.0 


149.7 


1,119.4 


56.3 


2,374 


Dec. 


231.3 


578.6 


809.9 


24.7 


207.1 


133.6 


1,136.1 


39.0 


2.35C 


1951— Jan. 


219.6 


537.6 


757.3 


68.3 


204.4 


136.0 


1,074.8 


53.3 


2,294 


Feb. 


202.8 


550.5 


753.3 


69.5 


204.6 


128.9 


1,092.6 


39.8 


2,288 


Mar. 


185.1 


552.9 


738.0 


70.5 


206.7 


88.5 


1,134.4 


28.7 


2,26( 


Apr. 


203.1 


556.1 


759.2 


56.9 


215.1 


137.7 


1,119.9 


58.9 


2,347 


May 


214.8 


530.1 


744.8 


76.2 


221.5 


129.9 


1,122.7 


38.8 


2,334 


June 


177.1 


590.7 


767.8 


75.3 


220.1 


132.8 


1,174.2 


32.2 


2,402 


July 


226.0 


558.2 


784.2 


91.1 


212.6 


146.7 


1,144.5 


56.2 


2,435 


Aug. 


189.7 


580.4 


770.1 


115.0 


185.7 


143.0 


1,181.0 


62.8 


2,457 


Sept. 


195.2 


579.4 


774.6 


105.6 


140.0 


116.3 


1,192.8 


38.5 


2,367 


Oct. 


232.2 


588.3 


820.6 


210.3 


83.3 


102.1 


1,174.3 


62.9 


2,453 


(1) Includes foreign excha 


nge items for at 


•count of foreigr 


i clients and als 


) Government o 


f Canada and F. 


E.C.B. commencing March 31, 1949. * May 1940 and sut 


gold and foreign exchange 


holdings, over a 


nd above its sh 


:>rt-term require 


ments and necessary working balances, were sold to the Foreign Exchange Control Bo 



CHARTERED BANKS: NUMBER OF PUBLIC DEMAND AND NOTICE DEPOSITS* 

THOUSANDS RATIO SCALE THOUSANOS 

5000 



10000 
8000 

6000 

4000 

000 
800 

600 

51 



15000 




AS AT StP 


TEMBER 30T 

"1 




10000 
8000 

6000 

4000 

1000 
800 

600 


" 








L- TOTAL POPULATION 












NO - 


riCE DEPOSITS — . 










DEMAND DEPOSITS — . 




















1 1 1 


1 1 1 


1 1 1 


1 1 1 



1935 36 



39 40 



42 



43 44 45 46 



47 48 



* Includes Newfoundland commencing in 1949. 

t Deposits at October 31 prior to 1947. Population at June 1; includes Newfoundland commencing in 1949. 



NOVEMBER 1951 



182 



t CANADA 



Millions of Dollars 



ASSETS 






Silver 


Foreign (1) 
Exchange 


Securities 


Advances 


All 
Other 

Accounts 




kid 


Govt, of Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 






Under 2 yrs. 


Over 2 yrs. 
























Average of 






















Month-end Figures 


51.2 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935—10 Mths. 


32.0 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937—12 Mths. 


10.8 


- 


41.7 


142.8 


46.2 


- 


- 


189.1 


.2 


6.7 


1939 


• 




• 


• 


• 






• 










- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 


_ 


- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 


- 


- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 


- 


- 


.4 


1,133.3 


787.7 


25.0 


- 


1,946.0 


- 


26.7 


1948 


- 


- 


53.1 


1,421.8 


571.9 


25.0 


4.3 


2,023.0 


- 


33.4 


1949 


- 


- 


110.2 


1,503.3 


467.8 


25.0 


100.5 


2,096.6 


- 


35.4 


1950 

End of 


- 


- 


89.2 


1,431.0 


638.7 


25.0 


5.5 


2,100.2 


- 


35.1 


July— 1950 


- 


- 


161.5 


1,420.4 


569.2 


25.0 


60.3 


2,074.9 


- 


28.5 


Aug. 


- 


- 


212.3 


1,406.1 


444.6 


25.0 


170.0 


2,045.6 


- 


24.7 


Sept. 


- 


- 


152.5 


1,381.4 


435.7 


25.0 


360.7 


2,202.9 


- 


54.0 


Oct. 


- 


- 


127.4 


1,170.0 


662.0 


25.0 


328.1 


2,185.1 


- 


62.1 


Nov. 


- 


- 


111.7 


1,229.3 


712.5 


25.0 


247.9 


2,214.7 


- 


24.0 


Dec. 


- 


- 








25.0 






- 






- 


- 


118.1 


1,171.0 


731.5 




200.3 


2,127.7 


- 


48.2 


Jan.— 1951 


- 


- 


117.5 


1,165.4 


757.0 


25.0 


168.7 


2,116.1 


- 


55.1 


Feb. 


- 


- 


80.2 


1,341.9 


673.7 


25.0 


114.4 


2,155.1 


- 


31.6 


Mar. 


- 


- 


129.0 


1,327.6 


722.5 


25.0 


70.6 


2,145.7 


- 


73.0 


Apr. 


- 


- 


125.4 


1,313.7 


777.3 


25.0 


45.3 


2,161.3 


- 


47.4 


May 






117.0 


1,335.2 


846.3 


25.0 


58.8 


2,265.4 




20.1 


June 


- 


- 


117.0 


1,327.4 


872.5 


25.0 


51.4 


2,276.3 


- 


41.9 


July 


- 


- 


100.1 


1,349.6 


888.1 


25.0 


44.1 


2,306.9 


- 


50.6 


Aug. 


- 


- 


87.1 


1,297.6 


896.1 


25.0 


31.2 


2,249.9 


- 


30.8 


Sept. 




— 


96.6 


1,317.5 


956.4 


25.0 


8.2 


2,307.1 


— 


49.7 


Oct. 



| ee give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. 
■ that date the Bank's minimum gold reserve requirement has been suspended. 



Under these orders the Bank's 



CHARTERED BANKS : AVERAGE SIZE OF PUBLIC DEMAND AND NOTICE DEPOSITS 

RATIO SCALE 



DOLLARS 

4000 



3000 



2000 



1500 



1000 



600 



500 



400 





AS AT SEP! 


rEMBER 30' 






AVERAGE SIZE OF -> 
DEMAND DEPOSITS \ 
























AVER/ 
NOTIC 


VGE SIZE OF^ 
E DEPOSITS \ 




















1 1 1 


1 1 1 


1 1 1 


1 1 1 



DOLLARS 

4000 



3000 



2000 
1500 

1000 

600 
500 

400 



1935 



36 



37 



38 



39 



40 



42 



43 



45 



46 



48 



50 



* Includes Newfoundland commencing in 1949. 
t October 31 prior to 1947. 



183 


















■ 

NOVEMBER 1951 






















II— CHAi^ 


Millions of Dollars 




















Ba 




LIABILITIES 








Deposits 


Cash 


Securities 






Notes 


Demand 


Notice 


Govt, of 

Canada 

and Prov. 


Canadian 
Deposits 

(i) 


Foreign 


Total 
Deposits 

(2) 


in (3) 
Canada 


Govt, of 
Canada 


Prov- 
incial 


Foreign 
Govt. 


Otl- 


As at Dec. 31 


























1929 


175 


729 


1,434 


92 


2,270 


442 


2,820 


228 


297 


151 


1932 


127 


466 


1,378 


72 


1,928 


329 


2,306 


211 


562 


216 


1937 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


1,111 


59 


24 


1948 


16 


2,544 


4,057 


426 


7,099 


811 


8,002 


738 


2,959 


476 


242 


5E 


1949 


14 


2,426 


4,433 


367 


7,348 


730 


8,177 


753 


3,112 


445 


242 


54 


1950 


_<«) 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 


55 1 


End of 


























1950— Aug. 


- 


2,618 


4,543 


412 


7,672 


728 


8,522 


788 


3,258 


416 


215 


58 i 


Sept. 


- 


2,709 


4,582 


306 


7,659 


709 


8,569 


735 


3,188 


424 


230 


591 


Oct. 


- 


2,822 


4,559 


358 


7,887 


706 


8,724 


834 


3,173 


404 


201 


57 


Nov. 


- 


2,824 


4,543 


452 


7,995 


716 


8,845 


783 


3,081 


416 


205 


57 


Dec. 


- 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 


59! 


1951— Jan. 


- 


2,638 


4,577 


533 


7,884 


724 


8,739 


757 


3,054 


401 


188 


, 601 


Feb. 


- 


2,612 


4,618 


445 


7,841 


734 


8,702 


753 


2,887 


398 


190 


611 


Mar. 


- 


2,487 


4,614 


523 


7,753 


719 


8,625 


738 


2,801 


373 


210 




Apr. 


- 


2,725 


4,598 


360 


7,856 


749 


8,742 


759 


2,742 


368 


208 


60 1 


May 




2,692 


4,589 


405 


7,829 


747 


8,718 


745 


2,720 


370 


190 


601 


June 


- 


2,578 


4,559 


455 


7,697 


763 


8,618 


768 


2,681 


366 


192 


59 


July 


- 


2,675 


4,580 


403 


7,809 


753 


8,705 


784 


2,696 


356 


195 


59 


Aug. 


- 


2,675 


4,583 


409 


7,799 


808 


8,775 


770 


2,679 


355 


210 


58i 


Sept. 


- 


2,651 


4,595 


391 


7,724 


769 


8,674 


775 


2,734 


353 


208 


581 


Oct. 




2,907 


4,575 


270 


7,913 


784 


8,833 


821 


2,726 


342 


226 


58:1 


(1) Estimated m 


anth-end der. 


)osits payabl 


e in Canadia 


n currency. 


(.2) Inclu 


des inter-bank deposits. 


(3) Unti 


March 1935: Gold and 


Coin in Canada. E 


end Canadian del 


>osits in 1926 


-35 and mon 


thly average 


deposits in 1 


936 and after 


(5) Bai 


lk of Canada notes in public circulation and until 


January 1950 char 


January 1950: lia 


aility for out 


standing not 


;s issued for 


circulation in 


Canada tra 


isferred to Bank of Canada during January 1950. 






















III— GENERAL PUBLIC HOLDIN 




















Currency, Bank Deposits a 


Millions of Do 


liars 




















Bat, 










CURR 


ENGY ANE 


> ACTIVE I 


iANK DEP 


OS1TS 






Tot 

Curre 

am 




Currency 
Outside Banks 






Active Bank Deposit 


s 






Chartered Banks 


(7) 

Bank of 
























, . 




Notes'" 


Coin") 


Total 


U> 
Demand 


Active < 4 > 
Notice 


Other"' 
excl. 
Govt. 


Total 


Deduct^ 
Float 


Net 
Total 


Canada 
"Other" 
Deposits 


Total 


Acti 

Ban 

Depo 














of Canada 












As at Dec. 31 


























1948 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


4,33 


1949 


1,110 


74 


1,184 


2,426 


682 


338 


3,446 


335 


3,111 


127 


3,238 


4,42 


1950 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,85 


End of 


























1950— Aug. 


1,084 


75 


1,159 


2,618 


696 


323 


3,637 


351 


3,286 


233 


3,519 


4,67 


Sept. 


1,139 


77 


1,216 


2,709 


699 


389 


3,797 


352 


3,445 


258 


3,703 


4,91 


Oct. 


1,110 


77 


1,187 


2,822 


695 


437 


3,954 


451 


3,503 


235 


3,738 


4,92 


Nov. 


1,119 


77 


1,196 


2,824 


694 


419 


3,937 


476 


3,461 


221 


3,682 


4,87 


Dec. 


1,136 


78 


1,214 


2,770 


697 


413 


3,880 


450 


3,430 


207 


3,637 


4,85 


1951— Jan. 


1,075 


76 


1,151 


2,638 


702 


395 


3,735 


402 


3.333 


204 


3,537 


4,68 


Feb. 


1,093 


76 


1,169 


2,612 


709 


415 


3,736 


448 


3,288 


205 


3,493 


4,66 


Mar. 


1,134 


78 


1,212 


2,487 


711 


428 


3,626 


376 


3,250 


207 


3,457 


4,66 


Apr. 


1,120 


78 


1,198 


2,725 


709 


429 


3,863 


499 


3,364 


215 


3,579 


4,77 


May 


1,123 


79 


1,202 


2,692 


707 


398 


3,797 


467 


3,330 


222 


3,552 


4,75 


June 


1,174 


81 


1,255 


2,578 


707 


385 


3,670 


395 


3,275 


220 


3,495 


4,7& 


July 


1,145 


80 


1,225 


2,675 


709 


396 


3,780 


468 


3,312 


213 


3,525 


4,7S 


Aug. 


1,181 


81 


1,262 


2,675 


712 


381 


3,768 


497 


3,271 


186 


3,457 


4,71' 


Sept 


1,193 


82 


1,275 


2,651 


715 


371 


3,737 


387 


3,350 


140 


3,490 


4,76 


Oct. 


1,174 


82 


1,256 


2,907 


713 


380 


4,000 


544 


3,456 


83 


3,539 


4,79 


■£- The term G 


eneral Publi 


c refers to 1 


oldings of n 


on-residents 


as well as 


(2) Subsk 


iary coin iss 


led by the A 


lint less coin held by Bar 


k of Canada 


and 


residents; fo 


- an approxi 


•nate divisioi 


i between re 


sident and n 


on-resident 


cliarte 


red banks in 


Canada. 








holdings see 


Table III. pi 


ige 185. 








(3) Chart 


;red banks' i 


public deman 


d deposits in 


Canada. 







+ Chartered banks' Newfoundland branch statistics are included as from 
April 1st. 1949. 

*-frThe whole of the increase or decrease in Canada's foreign exchange reserves 
is embodied in the related factors in this table; to the extent that such 
changes do not appear in the column "Bank of Canada Gold and Exchange 
Holdings (net)" they affect changes in "Government of Canada Direct 
and Guaranteed Funded Debt." 

(1) Note Circulation of Bank of Canada and. prior to 1950, of the chartered 
banks; excluding notes held by chartered banks. 



(4) Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts and 
non-personal notice deposits. 

(5) Chartered banks' Canadian dollar deposits of provincial governments, 
and of Canadian. United Kingdom, and foreign banks. 

(6) Cheques on other banks as shown in chartered bank month-end returns 
to the Minister of Finance. 

(7) Other Deposits with the Bank of Canada as shown in published month-end 
statements — i.e. excluding Government of Canada, chartered bank and 
foreign currency deposits. 



NOVEMBER 1951 



184 



D BANKS 

iada 



ASSETS 



)tal 



448 
778 
411 
268 
345 
286 

478 
436 
349 
280 
286 

248 
993 
)86 
J24 
J86 
538 
$40 
532 
576 
576 



Loans 



CANADA 



Call 



262 
103 
76 
101 
133 
134 

99 
101 
115 
164 
134 

118 

109 

94 

87 

92 

82 

84 

90 

107 

111 



Current 
Public 



1,403 

964 

749 

2,077 

2,174 

2,651 

2,294 
2,352 
2,449 
2,611 
2,651 

2,671 
2,736 
2,856 
2,886 
2,896 
2,898 
2,890 
2,912 
2,901 
2,893 



Current 
Other 



122 
140 
113 

71 

97 

125 

98 
121 
116 
126 
125 

124 
136 
152 
161 
170 
164 
153 
161 
144 
141 



ABROAD 



Call 



245 
91 
60 
78 
70 

100 

95 
110 
117 

96 
100 

113 

114 

96 

97 

99 

110 

112 

119 

131 

82 



Current 



251 
152 
166 
240 
211 
247 

220 
233 
230 
234 
247 

252 
256 
252 
271 
281 
281 
285 
262 
273 
290 



Total 

Assets 



3,521 
2,852 
3,281 
8,580 
8,718 
9,496 

9,102 
9,162 
9,323 
9,450 
9,496 

9,379 
9,354 
9,284 
9,403 
9,370 
9,256 
9,323 
9,378 
9,276 
9,440 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in O) 
Canada 


Deposits 


Canadian 


Note (5) 




(«) 


Deposits 


Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


711 


6,547 


10.9 


1,053 


1948 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


781 


7,369 


10.6 


1,082 


Aug.— 1950 


734 


7,557 


9.7 


1,096 


Sept. 


812 


7,786 


10.4 


1,107 


Oct. 


779 


7,881 


9.9 


1,111 


Nov. 


792 


7,847 


10.1 


1,131 


Dec. 


802 


7,890 


10.2 


1,079 


Jan.— 1951 


728 


7,766 


9.4 


1,083 


Feb. 


748 


7,655 


9.8 


1,103 


Mar. 


770 


7,734 


10.0 


1,106 


Apr. 


756 


7,731 


9.8 


1,110 


May 


768 


7,702 


10.0 


1,125 


June 


807 


7,761 


10.4 


1,139 


July 


795 


7,686 


10.3 


1,141 


Aug. 


805 


7,680 


10.5 


1,152 


Sept. 


804 


7,743 


10.4 


1,164 


Oct. 



tee and "Free" Central Gold Reserve Deposits: after that date: Bank of Canada Notes and Deposits. (4) Figures given are averages of estimated month- 

note circulation, the latter being, after September 1944, an approximate figure only. (6) Notes issued for circulation outside Canada only commencing in 



t CERTAIN LIQUID ASSETS*! 

MRNMENT OF CANADA SECURITIES 

'dida 



Millions of Dollars 





(8) 

tive 

ered 
ik 


Govt, of 
Canada 


Total 


Related Factors** 




i 


Govt, of Canada Direct and Guaranteed Funded Debt' 9 ' 


Banks' 1 ') 

Loan 
& Non- 


Bk.ofCan 
Gold and 


Deduct 

All 

Other 

(Net) 

(H) 




i 


Held by Bk. of Can. < 


& Ch. Bks. 


Held by Other Investors 


















< 


ce 


Securities 






Deduct^" 






Deduct 






Exchange 






sits 


(»)(N»u») 




Total 

(10) 


Govt, of 
Canada 


Net 
Total 


Total 


Securities 
held by all 


Net 
Total 


Invest- 
ments 


Holdings 
(Net) 














Deposits 






Govt. A eels 




































As at Dec. 31 


V 


)8 


10,249 


17,992 


4,972 


320 


4,652 


11,506 


1,247 


10,249 


3,341 


- 


250 


1948 


V 


;i 


9,902 


18,075 


5,121 


181 


4,940 


10,698 


796 


9,902 


3,419 


- 


186 


1949 


1. 


>i 


10,066 


18,778 


5,021 


280 


4,741 


10,913 


847 


10,066 


3,950 


226 


205 


1950 


1, 


8 


9,837 


18,363 


5,248 


204 


5,044 


10,643 


806 


9,837 


3,521 


116 


155 


End of 
Aug.— 1950 


>- 


13 


10,017 


18,819 


5,039 


1 


5,038 


10.832J 


815 


10,01"t 


3,618 


293 


147 


Sept. 


!, 


;4 


9,963 


18,752 


4,990 


108 


4,882 


10,801 


838 


9,963 


3,681 


370 


144 


Oct. 


», 


•0 


10,181 


18,909 


4,913 


253 


4,660 


11,043 


862 


10,181 


3,921 


306 


159 


Nov. 


!, 


il 


10,066 


18,778 


5,021 


280 


4,741 


10,913 


847 


10,066 


3,950 


226 


205 


Dec. 


s. 


5 


10,096 


18,659 


4,956 


344 


4,612 


10,944 


848 


10,096 


3,943 


182 


174 


Jan.— 1951 


i, 


9 


10,072 


18,643 


4,809 


266 


4,543 


10,918 


846 


10,072 


4,022 


157 


151 


Feb. 


t. 


3 


10,019 


18,591 


4,817 


295 


4,522 


10,864 


845 


10,019 


4,101 


106 


157 


Mar. 


', 


8 


9,962 


18,627 


4,792 


161 


4,631 


10,815 


853 


9,962 


4,133 


62 


161 


Apr. 


1, 


1 


9,899 


18,534 


4,811 


226 


4,585 


10,763 


864 


9,899 


4,159 


41 


150 


May 


*. 


2 


9,805 


18,407 


4,863 


252 


4,611 


10,680 


875 


9,805 


4,133 


43 


185 


June 


■■, 


1 


9,733 


18,354 


4,896 


248 


4,648 


10,617 


884 


9,733 


4,101 


22 


150 


July 




12 


9,672 


18,263 


4,917 


276 


4,641 


10,575 


903 


9,672 


4,131 


- 


181 


Aug. 







9,574 


18,219 


4,928 


213 


4,715 


10,493 


919 


9,574 


4,112 


1 


183 


Sept. 




2 


9,514 


18^171 


5,000 


261 


4,739 


10,446 


932 


9,514 


4,095 


1 


178 


Oct. 



J 



(H) Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits in 
Canada. 

(9) Direct and guaranteed securities (including refundable taxes). Direct 
debt includes both matured and unmatured issues outstanding, exclusive 
of sinking fund holdings; guaranteed debt is included on the basis of the 
total unmatured issues outstanding; Newfoundland debt assumed by 
the Government of Canada has been included since June 1949. Foreign 
pay securities have been valued at official mid-rates of exchange to 
September 30, 1950. and at market rates thereafter. 
( 10) Chartered banks' temporary advances to the general public in connection 
with the purchase of Victory Loan Bonds at time of issue, amounting to 
166, 261, 271, and 411 in the years 1942 to 1945 inclusive, have been 



(U) 
(12) 
(13) 



(14) 
t 



included in bank holdings of Government securities and deducted from 

holdings of the general public. 

Canadian dollar deposits of the Government of Canada at chartered 

banks and Bank of Canada. 

Holdings of all investors other than Bank of Canada, chartered banks 

and Government of Canada accounts. 

All loans in Canada of the chartered banks other than temporary advances 

in connection with Victory Loan issues, plus chartered banks' holdings 

of provincial, municipal and "other" securities, and Bank of Canada 

holdings of Industrial Development Bank Capital stock. 

Net of all related asset and liability items not shown elsewhere in this table. 

Excludes $50 million (U.S. funds) borrowed in New York to redeem an 

issue falling due on October 1st. 



185 



NOVEMBER 1951 



III— GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETSt 

Resident and Non-Resident Holdings : approximate Division 



Millions of Dollars 








Batik o 


f Canada 
















Total Currency 

and Active 
Bank Deposits 


Inactive Chartered 

Bank Notice 

Deposits 


Government of 
Canada Securities 


Total 




Resi- 
dent 


Non- 
Resi- 
dent 


Total 


Resi- 
dent 


Non- 
Resi- 
dent 


Total 


Resi- 
dent 


Non- 
Resi- 
dent 


Total 


Resi- 
dent 


Non- 
Resi- 
dent 


Total 


As at December 31 


























1938 


1,042 


89 


1,131 


1,352 


120 


1,472 


1,817 


1,411 


3,228 


4,211 


1,620 


5,831 


1939 


1,211 


159 


1,370 


1,435 


109 


1,544 


1,881 


1,398 


3,279 


4,527 


1,666 


6,193 


1940 


1,480 


83 


1,563 


1,350 


88 


1,438 


2,394 


1,276 


3,670 


5,224 


1,447 


6,671 


1941 


1,825 


70 


1,901 


1,345 


88 


1,433 


3,053 


1,109 


4,162 


6,223 


1,273 


7,496 


1942 


2,260 


89 


2,349 


1,346 


90 


1,436 


4,349 


995 


5,344 


7,955 


1,174 


9,129 


1943 


2,627 


99 


2,726 


1,542 


112 


1,654 


6,181 


1,003 


7,184 


10,350 


1,214 


11,564 


1944 


3,031 


122 


3,153 


1,939 


121 


2,060 


8,096 


1,035 


9,131 


13,066 


1,278 


14,344 


1945 


3,365 


149 


3,514 


2,255 


136 


2,391 


10,166 


1,144 


11,310 


15,786 


1,429 


17,215 


1946 


3,755 


241 


3,996 


2,701 


155 


2,856 


10,084 


1,091 


11,175 


16,540 


1,487 


18,027 


1947 


3,731 


213 


3,944 


2,994 


149 


3,143 


9,710 


1,053 


10,763 


16,435 


1,415 


17,850 


1948 


4,121 


214 


4,335 


3,277 


131 


3,408 


9,091 


1,158 


10,249 


16,489 


1,503 


17,992 


1949* 


4,174 


248 


4,422 


3,621 


130 


3,751 


8,662 


1,240 


9,902 


16,457 


1,618 


18,075 


1950* 


4,448 


403 


4,851 


3,711 


150 


3,861 


8,700 


1,366 


10,066 


16,859 


1,919 


18,778 


Month-end 


























1950— Sept.* 


4,446 


473 


4,919 


3,747 


136 


3,883 


8,615 


1,402 


10,017 


16,808 


2,011 


18,819 


Dec* 


4,448 


403 


4,851 


3,711 


150 


3,861 


8,700 


1,366 


10,066 


16,859 


1,919 


18,778 


1951— Mar.* 


4,283 


386 


4,669 


3,763 


140 


3,903 


8,618 


1,401 


10,019 


16,664 


1,927 


18,591 


June* 


4,361 


389 


4,750 


3,712 


140 


3,852 


8,410 


1,395 


9,805 


16,483 


1,924 


18,407 


Sept.** 


4,458 


307 


4,765 


3,744 


136 


3,880 


8,200 


1,374 


9,574 


16,402 


1,817 


18,219 



t For footnotes see Table III, pages 183-184. * Revised. ** Preliminary. 



IV— FOREIGN EXCHANGE RATES 

Bank of Canada 



Cents per unit 




OFFICIAI 


. RATES 










U. S 


. Dollar in Canada 


£ Sterling in Canada 




Buying 


Selling 


Mid-rate 


Buying 


Selling 


Mid-rate 


1939 - Sept. 16(D 

1945 - Oct. 15(D 

1946 - July 6(D 
1949 - Sept. 20(D 


110.00 
110.00 
100.00 
110.00 


111.00 
110.50 
100.50 
110.50 


110.50 
110.25 
100.25 
110.25 


443.00 
443.00 
402.00 
307.25 


447.00 
445.00 
404.00 
308.75 


445.00 
444.00 
403.00 
308.00 



MARKET RATESt 





U. S 


. Dollar in Canada 


£ Sterling in Canada 




High 


Low 


Noon aver. 


High 


Low 


Noon aver. 


Business Days 

1950— Oct. 


107.00 


104.56 


105.34 


299.60 


292.78 


294.96 


Nov. 


104.84 


103.25 


104.03 


293.50 


289.25 


291.23 


Dec. 


106.00 


104.59 


105.31 


296.75 


293.00 


. 294.86 


1951— Jan. 


105.94 


104.75 


105.17 


296.50 


293.50 


294.46 


Feb. 


105.38 


104.41 


104.92 


295.00 


292.44 


293.82 


Mar. 


105.25 


104.44 


104.73 


294.75 


292.50 


293.29 


Apr. 


106.81 


104.94 


105.99 


299.19 


293.88 


296.74 


May 


106.94 


105.38 


106.37 


299.50 


295.13 


297.89 


June 


107.31 


106.63 


106.94 


300.50 


298.50 


299.41 


July 


106.63 


105.53 


106.05 


298.50 


295.38 


296.90 


Aug. 


105.94 


105.09 


105.56 


296.50 


294.13 


295.46 


Sept. 


105.75 


105.19 


105.56 


296.00 


294.38 


295.46 


Oct. 


105.50 


104.19 


105.08 


295.25 


291.63 


294.11 


Nov. 


104.78 


103.50 


104.35 


293.31 


289.69 


292.06 



* Rates established by the Government commencing from the institution of exchange control on Sept. 16, 1939. 
(1) Dates on which official rates were established or .changed, 
t Commencing Oct. 2, 1950. official rates of exchange were discontinued; market rates are quotations for transactions between banks in the exchange market. 



NOVEMBER 1951 



186 



GOVERNMENT BOND YIELDS AND TREASURY BILL RATES 

Bank of Canada 



Annual Average 

1946 
1947 
1948 
1949 
1950 

Monthly 

1950— May 
June 

July 

Aug. 

Sept. 

Oct. 

Nov. 

Dec. 

1951— Jan. 
Feb. 
Mar. 

Apr. 

May 

June 

July 

Aug. 

Sept. 

Oct. 

Nov. 



Government of Canada 
Theoreticals* 



15th of Each Month 



15 Yr. 
Bond 



2.61 
2.57 
2.93 
2.83 
2.78 

2.75 
2.73 
2.77 
2.75 
2.71 
2.75 
2.88 
2.99 

3.02 
3.02 
3.25 
3.24 
3.24 
3.25 
3.23 
3.24 
3.24 
3.26 
3.38 



9 Yr. 
Bond 



2.32 
2.25 
2.72 
2.64 
2.67 

2.61 
2.59 
2.67 
2.64 
2.62 
2.68 
2.84 
2.97 

3.00 
3.00 
3.21 
3.20 
3.18 
3.15 
3.16 
3.16 
3.17 
3.18 
3.32 



5 Yr. 
Bond 



1.69 
1.75 
2.27 
2.24 
2.22 

2.17 

2.10 
2.14 
2.15 
2.17 
2.22 
2.42 
2.55 

2.63 
2.60 
2.89 
2.75 
2.62 
2.62 
2.64 
2.64 
2.66 
2.68 
2.78 



2 Yr. 
Bond 



1.39 
1.43 
1.44 
1.66 
1.81 

1.74 
1.74 
1.77 
1.74 
1.76 
1.83 
2.02 
2.17 

2.26 
2.27 
2.70 
2.48 
2.28 
2.35 
2.38 
2.36 
2.34 
2.40 
2.38 



Long Term 




Market Yields 


Average of Business Days 


Canada (1) 


U.K.W 


U.S.A.<»> 


2.63 


2.52 


2.15 


2.59 


2.61 


2.20 


2.93 


2.82 


2.41 


2.85 


2.93 


2.24 


2.77 


3.19 


2.24 


2.72 


3.21 


2.23 


2.73 


3.14 


2.25 


2.77 


3.23 


2.26 


2.75 


3.21 


2.26 


2.70 


3.14 


2.29 


2.77 


3.05 


2.31 


2.87 


3.05 


2.32 


2.97 


3.12 


2.35 


3.01 


3.12 


2.32 


3.01 


3.26 


2.33 


3.17 


3.28 


2.48 


3.21 


3.35 


2.59 


3.20 


3.43 


2.69 


3.24 


3.55 


2.70 


3.21 


3.53 


2.66 


3.22 


3.53 


2.58 


3.24 


3.54 


2.57 


3.26 


3.57 


2.65 


3.32 


3.71 


2.69 



Tender Rates on 3 Month 


Treasury Bills 


Tender nearest 15th of Month 


Canada 


U.K. 


U.S.A. 


.388 


.505 


.375 


.406 


.507 


.592 


.411 


.509 


1.037 


.485 


.521 


1.096 


.552 


.516 


1.215 


.514 


.513 


1.165 


.512 


.514 


1.177 


.512 


.512 


1.168 


.546 


.513 


1.173 


.615 


.514 


1.311 


.623 


.514 


1.337 


.624 


.513 


1.380 


.626 


.519 


1.351 


.626 


.511 


1.391 


.728 


.513 


1.391 


.755 


.512 


1.402 


.755 


.511 


1.529 


.755 


.512 


1.626 


.754 


.512 


1.467 


.771 


.512 


1.615 


.786 


.513 


1.660 


.880 


.514 


1.646 


.927 


.512 


1.615 


.916 


.894 


1.619 



Payable in Canada only. (1) Government of Canada 3% due Sept. 1, 1961-66. (2) United Kingdom 3% due Apr. 15. 1959-69. 
3) U.S. Treasury 2)4% due Dec. 15, 1963-68, is not elegible for commercial banks before Dec. 1, 1952. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS 

Daily Opening Quotations 

PERCENT 

2.2[ 



CANADA, U.K. AND U.S.A. 




NOV DEC 

I960 



JUNE JULY 

1951 



* Security is not eligible for commercial banks before Dec. 1, 1952. 



187 



NOVEMBER 1951 



Millions of Dollars 



VI— FINANCIAL STATISTICS FOR 626 COMPANIES*: 1940-50t 

Bank of Canada 
NET PROFIT BEFORE TAX : INDUSTRIAL CLASSIFICATION 



Fiscal Year Nearest to Calendar Year 



Grain Mill Products 

Food 

Beverage 

Tobacco 

Leather 

Rubber 

Primary Textiles , 

Miscellaneous Textiles 

Clothing 

Wood Products, (incl. Logging) 

Pulp and Paper 

Paper Products 

Printing and Publishing 

Iron, Steel and Products 

Machinery, (excl. Electrical) 

Electrical Machinery & Equipment 

Gold Mining 

Other Non-ferrous Metals 

Non-metailic Minerals (ex. Fuels) . 

Coal and Natural Gas 

Petroleum 

Chemicals 

Paints and Polishes 

Wholesale Trade & Service 

Retail Trade & Service 

Electric Utilities 

Telephones 

Transportation and Storage 

Grain Elevators 

Total of 626 Companies 



%f\ 1940 



1941 



1941 



7 
45 
14 

3 

11 
7 
23 
13 
27 

19 
22 
23 
12 

45 
49 
27 

37 
18 
22 
14 
9 
27 
11 

59 
31 
19 
6 
14 
12 



626 



3.2 

16.5 
8.9 
9.1 

.9 

3.7 

16.6 

4.6 

2.7 

2.7 

24.8 

3.6 

2.0 

22.2 
23.6 
13.9 

55.0 

101.9 

8.5 

6.6 

34.0 

18.1 

1.9 

5.6 

10.0 

20.2 

12.6 

3.5 

2.1 



439.0 



3.3 

20.7 

12.9 

9.7 

1.2 
7.1 
23.7 
7.1 
3.0 

3.1 
33.0 

4.8 
2.2 

30.6 
44.0 
23.1 

51.1 

120.4 

10.8 

7.0 
35.1 
21.7 

2.4 

9.0 

13.0 

24.3 

16.6 

7.9 

2.3 



551.1 



3.8 
24.3 
16.6 
11.5 

1.8 
11.2 
23.6 

7.7 
4.6 

3.3 

22.7 

5.5 

2.4 

37.6 
60.6 
25.8 

40.7 

120.5 

12.0 

6.1 
34.4 
19.2 

3.2 

11.0 
17.3 
32.5 
19.8 

7.0 
2.1 



588.8 



L943 , 1944 



6.9 

27.1 
16.7 
10.8 

1.8 
9.9 
13.9 
6.8 
4.5 

3.3 

23.1 

5.7 

2.7 

36.2 
59.7 
21.1 

31.0 

109.6 

8.0 

6.1 

37.3 

17.5 

2.8 

11.7 
20.0 
30.7 
21.9 
5.4 
3.8 



556.0 



5.3 
28.7 
22.8 
10.6 

2.0 
7.8 
15.2 
6.2 
5.0 

4.1 

27.4 

5.6 

3.0 

29.8 
47.3 
21.0 

22.8 
92.5 

8.0 

5.6 

38.2 

19.4 

3.4 

11.0 
22.1 
26.1 
22.3 
5.0 
4.0 



522.2 



1945 1946 1947 I 1948 I 1949 



5.3 
26.7 
33.6 
11.6 

1.8 
8.7 
14.3 
6.9 
4.8 

3.8 

27.3 

5.7 

3.5 

25.2 
41.0 
15.0 

20.1 
87.1 
10.6 

0.4 
37.8 
19.7 

3.7 

12.0 
25.5 
29.1 
25.4 
5.4 
3.2 



521.2 



5.7 
26.0 

44.6 
10.7 

2.1 

9.5 
13.4 

7.8 
7.1 

5.8 

68.0 

8.6 

3.7 

27.0 
31.9 
12.1 

14.9 

101.6 

13.5 

6.6 

41.8 

22.9 

3.7 

15.3 
29.3 
29.6 
22.0 
2.7 
2.7 



590.6 



6.8 
31.3 
36.4 

9.5 

2.2 
16.2 
18.2 

8.9 

7.2 

12.1 

102.0 

11.1 

3.3 

38.2 
57.6 
25.2 

11.3 

151.4 

16.2 

6.7 
44.6 
26.3 

4.7 

16.1 
28.3 
29.5 
20.3 
4.6 
2.3 



748.5 



7.5 
34.1 
33.3 
11.5 

1.7 
9.8 
31.8 
9.5 
6.6 

11.7 

116.6 

11.1 

3.3 

50.6 

77.7 
28.1 

14.1 

188.5 

21.7 

9.6 
48.3 
30.9 

4.6 

18.3 
31.6 
27.9 
20.0 
6.3 
2.6 



869.3 



5.3 
36.6 
28.1 

10.7 

1.2 

4.6 

23.4 

7.9 

4.5 

8.0 

106.5 

10.9 

3.8 

55.6 

103.0 

33.6 

19.4 

156.4 

23.4 

8.9 
47.5 
36.2 

3.5 

16.1 
32.6 
30.1 
15.8 

7.8 
3.0 



844.4 



THE FOOTNOTES BELOW REFER TO TABLES ON PAGES 187 TO 201 INCLUSIVE. 



* The tabulation includes all those companies in the classification specified 
with 1941 assets over $200,000 for which consistent reports were available 
from 1935-50. The material is, of course, subject to all the limitations and 
qualifications which apply to the basic accounting statements. 

t Figures are available on request for the years 1936-39 inclusive. 

(1) For purposes of comparability, any special capital charges made against 
income account in company reports have been added back as well as 
"contingent" and "general" reserves. Special inventory reserves, 
whether shown by the company in operating expenses or as adjustment 
to earned surplus, have been deducted in arriving at Net Operating Profit. 

(2) Includes depletion and deferred development provision where charged 
by the company. 

(3) The Source and Use of Funds Statement is designed to show net cash 
received from all sources and paid out for all purposes; revaluations or 
purely bookkeeping transactions which affect items of the Balance Sheet, 
particularly Plant, Property and Equipment, Preferred and Common 



Stock outstanding and, in a few instances, Funded Debt, are so far as 
possible eliminated from the Source and Use of Funds Statement. 

(4) Includes amortization of bond discount. 

(5) Includes adjustments relating to tax accruals and other transactions 
of previous years. 

(6) Special inventory reserves have been deducted. 

(7) Reserves for depreciation and depletion have been deducted. 

(8) Includes current accounts receivable from subsidiaries and fixed invest- 
ment in subsidiaries less current and non-current accounts payable to 
subsidiaries. 

{')) Includes goodwill, franchises, bond discount and other deferred charges, 
deferred development etc., less pension fund reserves, insurance reserves 
and advance payments on contracts. 

(10) Bonds and mortgages outstanding less sinking fund. 

(11) Includes contingent and general reserves, capital surplus and the re- 
fundable portion of the Excess Profits Tax. 



NOVEMBER 1951 



188 



VI— FINANCIAL STATISTICS : 45 FOOD PRODUCTS COMPANIES*t 

Bank of Canada 



Millions of Dollars PROFIT STATISTICS : 


SUMMARY 


STATEMENT 












Fiscal Year Nearest to Calendar Year 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


1949 


1950 


Net Operating Profit (Before Depreciation) 1 " 


22.7 

5.7 

.8 

1.3 

16.5 
6.7 

9.8 

7.1 

2.7 


27.1 
6.1 
1.0 
1.3 

20.7 
10.2 

10.5 

9.4 

1.1 


30.8 

6.2 

.9 

1.2 

24.3 
12.8 

11.5 

6.5 

5.0 


33.3 
6.2 
1.1 
1.1 

27.1 
15.6 

11.5 

5.7 

5.8 


34.9 
6.3 
1.1 
1.0 

28.7 
16.6 

12.1 

7.1 

5.0 


32.7 

6.3 

1.2 

.9 

26.7 
15.4 

11.3 

6.2 

5.1 


32.2 
6.8 

1.4 
.8 

26.0 
13.0 

13.0 

7.7 

5.3 


38.5 

7.5 

1.1 

.8 

31.3 
14.7 

16.6 

8.1 

8.5 


42.3 

8.9 

1.6 

.9 

34.1 
12.6 

21.5 
8.1 

13.4 


47.4 

11.3 

1.5 

1.0 

36.6 
15.0 

21.6 

10.2 

11.4 


55 9 




12 9 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision' 1 ' 

Income & E. P. Tax Provision (ex. Refundable Portion) . . 

Net Income to Stockholders'" 


1.1 
1.2 

42.9 
19.3 

23 6 


Net Income Paid Out in Cash Dividends 


14.9 
8 7 






SOURCE AND USE 


OF FUNDS' 3 














Net Source of Funds 

Net Income to Stockholders 


9.8 
7.1 

2.7 
5.7 

8.4 

8.4 


10.5 
9.4 

1.1 
6.1 

7.2 

7.2 


11.5 
6.5 

5.0 
6.2 

11.2 
.2 

11.4 


11.5 

5.7 

5.8 
6.2 

12.0 
.3 

12.3 


12.1 
7.1 

5.0 
6.3 

11.3 
1.2 

12.5 


11.3 
6.2 

5.1 
6.3 

11.4 
.8 

12.2 


13.0 
7.7 

5.3 
6.8 

12.1 
.5 

12.6 


16.6 
8.1 

8.5 
7.5 

16.0 
.1 

15.9 


21.5 
8.1 

13.4 
8.9 

22.3 
.8 

23.1 


21.6 
10.2 

11.4 
11.3 

22.7 
.2 

22.9 


23 6 




14.9 


Undistributed Profits 


8 7 


Depreciation Charges 


12 9 


Other Non-cash Charges Against Current Income <2) (4 '. . . . 

Total Funds From Current Income 

Issue of Common Stock 


21.6 
.1 


Total Net Sources of Funds 


21.5 






Net Use of Funds 


4.3 

.1 

1.3 

1.2 

.8 

6.1 
2.3 

8.4 


5.1 

17.6 

.8 

1.5 
.1 
.3 

25.4 
18.2 

7.2 


3.4 

9.9 

1.8 

.8 

1.9 

.1 

.8 

6.3 
17.7 

11.4 


3.3 
9.5 
2.8 
2.0 
2.1 
.2 
5.5 

25.4 
13.1 

12.3 


4.3 
4.3 
3.0 
2.4 

.2 
1.1 

4.1 
8.4 

12.5 


5.2 

.3 

.5 

1.1 

3.2 

1.1 

.9 

8.9 
3.3 

12.2 


11.2 

12.9 

1.6 

1.9 

.1 

1.1 

22.8 
10.2 

12.6 


21.2 

24.8 

.2 

7.1 

.2 

1.5 

37.8 
21.9 

15.9 


19.8 
.4 
1.3 
.5 
2.6 
5.3 
1.7 

14.8 
8.3 

23.1 


18.6 
1.8 

.7 
1.9 

.5 
2.8 

.8 

20.7 
2.2 

22.9 


18.0 


Investment in Inventories 


37.8 


Investment in Other Companies 


.9 




1.7 


Redemption of Funded Debt 


4.3 


Redemption of Preferred Stock 


4.8 


Increase in Misc. Assets (less Misc. Liabilities) 


4.4 


Sub-Total 


51.1 


ncrease in Working Capital ex. Inventories' 5 ' 


29.6 


Total Net uses of Funds 


21.5 






YEAR-E 


VD Bl 


kUANC 


E SHI 


:et 














Net Working Capital and Other Assets 


10.7 
18.0 
25.5 
44.2 

98.4 

12.0 

14.0 

8.0 

1.1 

63.3 

74.4 
4.3 

9.6 

151.6 


6.7 
17.0 
33.6 
61.8 

119.1 

18.2 

24.8 

12.3 

1.1 

62.7 

73.0 
5.1 

9.8 

150.6 


15.0 
20.6 
32.0 
52.0 

119.6 

15.9 

20.5 

11.3 

1.1 

70.8 

.8 

70.3 

3.3 

9.4 

154.6 


12.6 
29.1 
24.7 
61.5 

127.9 

18.2 

25.9 

15.2 

1.1 

67.5 
2.8 

67.1 
6.1 
4.8 
9.8 

158.1 


14.9 
28.3 
26.5 
57.2 

126.9 

20.0 

16.8 

17.2 

1.4 

71.5 
5.2 

64.9 
9.3 
4.9 
9.5 

165.3 


13.8 
30.7 
24.5 
56.9 

125.9 

22.0 

11.8 

15.6 

1.3 

75.2 
0.3 

67.3 
8.7 
3.5 
9.9 

170.9 


15.6 
24.2 
28.2 
69.9 

137.9 

27.2 

17.2 

13.8 

1.5 

78.2 
6.2 

72.7 
9.6 
2.8 
9.7 

179.2 


11.4 
15.4 
35.1 
94.7 

156.6 

30.8 

26.3 

14.9 

1.6 

83.0 
6.0 

86.5 
9.7 
1.8 
9.7 

196.7 


12.2 
12.8 
38.9 
95.1 

159.0 

33.8 

17.7 

12.7 

1.6 

93.2 

4.9 

100.7 

11.0 

.6 

11.7 

222.1 


19.7 
13.9 
41.9 
96.8 

172.3 

36.1 

23.4 

13.2 

2.2 

97.4 

3.0 

107.8 

11.7 

.6 

11.0 

231.5 


13.2 


Marketable Securities 


9.9 


Current Accounts Receivable 


53.6 


nventories"' 


134.7 


Total Current Assets 


211.4 


Current Accounts Payable 

tank Loans 


48.5 

38.7 

16.4 

2.0 

105.8 


accrued Taxes Payable 


iccrued Interest and Dividends Payable 


Net Working Capital 


Refundable Portion of Excess Profits Tax 

'lant, Propertv and Equipment (Net)' 7 ' 

nvestment in Other Companies (Net)' 8 ' 


1.3 

112.5 

12.5 


rovernment Account (Net) 




Iiscellaneous Assets Less Miscellaneous Liabilities'" 

Total 


11.1 
243.2 






Capital and Surplus 

unded Debt' 10 ' 


26.5 
.8 
23.6 
57.8 
42.9 

151.6 


24.9 
.2 
23.6 
57.4 
44.5 

150.6 


23.0 
.6 
23.5 
57.7 
49.8 

154.6 


20.9 
.4 
20.8 
57.4 
58.6 

158.1 


21.0 
.2 
22.1 
58.5 
63.5 

165.3 


18.1 
.5 
21.2 
59.3 
71.8 

170.9 


20.2 
.5 
21.1 
59.8 
77.6 

179.2 


27.3 
1.1 
20.8 
59.8 
87.7 

196.7 


29.9 

.5 

26.3 

62.1 
103.3 

222.1 


30.7 

1.9 

23.5 

62.3 

113.1 

231.5 


35.1 


oans from Parent and Other Companies (Net) 


5.8 


referred Stock Outstanding 


19.3 


ommon Stock Outstanding 


62.2 


lamed Surplus and Surplus Reserves"" 


120.8 


Total 


243.2 






lite: for footnotes see page 187. 

























189 

VI— FINANCIAL STATISTICS 

Bank 
Millions of Dollars PROFIT STATISTICS 


NOVEMBER 
: 14 BEVERAGE COMPANIES*! 

of Canada 
SUMMARY STATEMENT 


1951 


Fiscal Year Nearest to Calendar Year 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


1949 


1950 


Net Operating Profit (Before Depreciation) 11 ' 

1 )epreciation < 2 ' 


10.3 

1.8 

.6 

.2 

8.9 
3.6 

5.3 

4.6 

.7 


14.5 

2.0 

.6 

.2 

12.9 
6.1 

6.8 

8.4 

1.6 


18.4 

2.2 

.5 

.1 

16.6 
8.7 

7.9 
4.8 

3.1 


18.4 

2.0 

.4 

.1 

16.7 
9.3 

7.4 

4..") 

2.9 


24.0 

2.0 

1.0 

.2 

22.8 
13. (i 

9.2 

4.6 

4.6 


35.4 

2.1 
.6 

.:; 

33.6 
21.6 

12.0 

o . ."> 

6.5 


47.0 
3.0 

1.0 

.4 

44.6 

24.2 

20.4 

7,3 

13.1 


39.6 

3.7 
1.0 

.5 

36.4 
16.5 

19.9 

9.X 

10.1 


38.1 

5.2 

1.2 

.8 

33.3 
13.1 

20.2 

18.2 

2.0 


34.3 
6.3 

1.1 
1.0 

28.1 
12.1 

16.0 

12.4 

3.6 


33.3 

6.7 

1.4 

.9 

27.1 

11.7 

15.4 

11.9 

3.5 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision 1 " 

Income & E. P. Tax Provision (ex. Refundable Portion) . . 

Net Income to Stockholders"' 


Net Income Paid Out in Cash Dividends 

Undistributed Income' 1 ' 




SOURCE 


AND USE OF FUNDS' 3 ' 
















Net Source of Funds 

Net Income to Stockholders 


5.3 
4.6 

.7 
1.8 

2.5 

2.5 


6.8 
8.4 

1.6 

2.0 

.2 

.6 
.6 


7.9 
4.8 

3.1 

2.2 
.2 

5.5 
5.5 


7.4 
4.5 

2.9 

2.0 

.1 

5.0 
.3 

5.3 


9.2 
4.6 

4.6 

2.0 

.2 

fi.N 

.1 
6.9 


12.0 
5.5 

6.5 
2.1 

8.6 
2.8 

11.4 


20.4 
7.3 

13.1 
3.0 

16.1 
5.4 

21.5 


19.9 
9.8 

10.1 

3.6 

.1 

13.8 
4.0 

17.8 


20.2 
18.2 

2.0 

5.1 

.1 

7.2 
7.2 


16.0 

12.1 

3.6 
6.2 

.1 

9.9 
9.9 


15.4 

11. 9 

3.5 

6.5 

.2 

10.2 
10.2 


Cash 1 )ividends 

Undistributed Profits 


Depreciation Charges 


Other Non-cash Charges Against Current Income (2) (4) . . . . 
Total Funds From Current Income 


Issue of Common Stock 


Total Net Sources of Funds 




Net Use of Funds 


2.0 
1.6 

.1 

.4 

.1 
,2 

3.7 
1.2 

2.5 


1.3 

2.9 

.8 

.6 
.1 
.9 

5.0 

4.4 

.6 


.6 

3.7 
.1 
.5 
.2 
.1 

1.0 

4.0 
1.5 

5.5 


.4 
.1 
.6 
1.2 
1.5 
1.1 
1.0 

1.5 
3.8 

5.3 


3.5 

1.7 

.3 

2.1 

1.7 

1.9 

•) - 

ii.7 
_2 

6.9 


7.1 
3.4 
.2 
3.3 
6.9 
1.6 
6.2 

11.3 
.1 

11.4 


9.7 
5.2 
1.8 
1.0 
.6 
.1 
1.0 

19.2 
2.3 

21.5 


18.5 

13.5 

1.1 

7.2 

7.1 

18.8 
1.0 

17.8 


15.6 

8.7 

1.5 

.4 

10.9 

.3 

4.3 

10.5 
3.3 

7.2 


9.9 
1.7 

.5 
1.3 
1.5 

.2 
2.3 

14.8 
4.9 

9.9 


9.8 

3.6 

.5 

1.9 

2.2 

_ 

2.6 

11.6 

1.4 

10.2 


Investment in Inventories 


Investment in Other Companies 


Investment in Refundable Excess Profits Tax 


Redemption of Funded Debt 


Redemption of Preferred Stock 


Increase in Misc. Assets (less Misc. Liabilities) 


Sub-Total 


Increase in Working Capital ex. Inventories 15 ' 


Total Net Uses of Funds 





YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 


3.7 

9.1 

5.3 

14.6 

32.7 

2.1 

i.:. 

4.2 

24.9 

25.4 
3.9 

3.6 

57.8 


4.1 

7.7 

6.4 

17.4 

35.6 
3.4 

1.5 
5.7 
1.5 

23.5 

25.1 
2.4 

3.4 

54.4 


5.0 

7.9 

7.0 

21.1 

41.0 
3.9 
1.4 
6.9 

28.8 

.5 

23.8 

2.3 

3.2 

58.6 


6.4 
10.3 

6.0 
21.0 

43.7 

3.7 

.7 

6.8 

32.5 
1.6 

22.5 
1.8 

3.5 

61.9 


8.1 
14.6 

6.6 
22.7 

52.0 
4.8 
3.7 
9.1 

34.4 
3.8 

24.2 
2.1 

3.0 

67.5 


13.0 

12.8 

8.4 

26.1 

60.3 
6.3 
1.3 

14.6 
.2 

37.9 

7.4 

30.8 

2.4 

7.9 

86.4 


13.8 

13.9 

8.7 

31.3 

67.7 
7.0 
2.3 

12.3 
.2 

45.9 
8.3 

37.4 
4.2 

8.0 

103.8 


14.9 
15.0 
11.0 
44.7 

85.6 
9.5 
9.6 

11.5 
.5 

54.5 
7.5 

52.0 
5.5 

9.0 

128.5 


9.0 
23.3 

9.6 
53.4 

95.3 

10.3 
6.5 
9.6 

.7 

68.2 
6.9 

62.6 
5.3 

8.2 

151.2 


9.9 
18.9 
11.9 
55.1 

95.8 

11.1 

8.5 

9.3 

.7 

66. 2 
5.4 

66.5 
5.7 

9.5 

153.3 


7.5 


Marketable Securities 


14.4 


Current Accounts Receivable 


14.7 


Inventories' 6 ' 


58.7 


Total Current Assets 


95.3 


Current Accounts Payable 


9.0 




9.5 




8.1 


Accrued Interest and Dividends Payable 


.6 


Net Working Capital 

Refundable Portion of Excess Profits Tax 


68.1 
3.6 


Plant, Property and Equipment (Net)'" 

Investment in Other Companies (Net)' 8 ' 

Government Account (Net) 


69.8 
ti.l 


Miscellaneous Assets Less Miscellaneous Liabilities'". . . . 
Total 


8.3 
155.9 


CAPITAL AND SURPLUS 

Funded Debt' 10 ' 

Loans from Parent and Other Companies (Net) 


2.3 
.6 

10'.4 
25.4 
20.3 

57.8 


1.6 

1.1 

10.3 

24.9 

18.7 

54.4 


1.4 

.1 

10.2 

24.9 

22.0 

58.6 


3.0 
.5 

9.2 
25.2 
25.0 

61.9 


4.8 

1.9 

11.2 

25.3 

28.1 

67.5 


11.6 

2.4 

5.6 

35.3 

36.3 

86.4 


11.0 
2.8 

5.7 
40.7 
49.2 

103.8 


18.3 
5.1 
5.7 

44.7 
64.9 

128.5 


29.3 

1.3 

5.4 

44.7 

73.1 

151.2 


28.1 

2.4 

5.2 

44.7 

77.7 

153.3 


25.9 


Preferred Stock Outstanding 

Common Stock Outstanding 

earned Surplus and Surplus Reserves' 11 ' 


7.0 
44.7 
78.3 


Total 


155.9 







Note: for footnotes see page 187. 



NOVEMBER 1951 

VI— FINANCIAL STATISTICS : 23 

Bank 
Millions of Dollars PROFIT STATISTICS 


PRIMARY TEXTILE COMPANIES* 

of Canada 
SUMMARY STATEMENT 


t 




190 


Fiscal Year Nearest to Calendar Year 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


1949 


1950 


Net Operating Profit (Before Depreciation)'" 


21.5 

5.2 

.9 

.6 

16.6 
10.1 

6.5 

4.2 

2.3 


28.7 

5.5 

1.1 

.6 

23.7 
16.7 

7.0 

4.4 

2.6 


28.3 

5.4 

1.1 

.5 

23.5 
15.7 

7.8 

4.5 

3.3 


16.9 

3.7 

1.2 

.5 

13.9 
7.5 

6.4 

4.4 

2.0 


18.8 

4.2 

1.2 

.6 

15.2 
7.3 

7.9 

4.5 

3.4 


17.5 
3.8 
1.3 

.7 

14.3 
7.2 

7.1 

4.5 

2.6 


16.8 
4.0 
1.3 

.7 

13.4 
6.3 

7.1 

5.7 

1.4 


22.9 
5.2 
1.2 

.7 

18.2 
7.9 

10.3 

6.4 

3.9 


37.7 

6.6 

1.5 

.8 

31.8 
10.7 

21.1 

6.9 

14.2 


32.1 
9.5 
1.5 

.7 

23.4 
8.8 

14.6 

7.4 

7.2 


45.4 
9 9 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision*" 

Income & E. P. Tax Provision (ex. Refundable Portion) . . 

Net Income to Stockholders'" 


1.5 
.7 

36.3 
17.1 

19.2 

8.9 


Undistributed Income'" 


10.3 






SOURCE AND USE OF FUNDS'" 


Net Source of Funds 

Net Income to Stockholders 


6.5 
4.2 

2.3 
5.2 

7.5 

7.5 


7.0 
4.4 

2.6 
5.5 

8.1 

8.1 


7.8 
4.5 

3.3 
5.4 

8.7 

8.7 


6.4 
4.4 

2.0 
3.7 

5.7 
.6 

6.3 


7.9 

4.5 

3.4 
4.2 

7.6 
.4 

8.0 


7.1 

4.5 

2.6 
3.8 

6.4 

6.4 


7.1 

5.7 

1.4 
4.0 

5.4 
.9 

6.3 


10.3 

6.4 

3.9 

5.2 

.1 

9.2 
1.7 

10.9 


21.1 
6.9 

14.2 

6.6 

.1 

20.9 
.1 

21.0 


14.6 
7.4 

7.2 
9.5 

16.7 

16.7 


19 2 




8.9 
10 3 






9.9 


Other Non-cash Charges Against Current Income'" '*'.... 
Total Funds From Current Income 


20.2 






Total Net Sources of Funds 


20.2 






Net Ush: of Funds 


4.9 

4.0 

.5 

.4 
.2 

9.0 
1.5 

7.5 


3.4 
3.5 

.4 

2.1 

.4 

9.0 
.9 

8.1 


2.4 
1.8 

.6 
1.7 

.5 

.6 

5.2 
3.5 

8.7 


1.4 
7.1 
.2 
.8 
.5 
.5 
.7 

3.4 
9.7 

6.3 


3.2 
1.7 
.2 
.7 
6.2 
1.3 
2.6 

.1 
7.9 

8.0 


3.3 

1.4 

.1 

.6 

.2 

2.6 

8.2 
1.8 

6.4 


10.4 
8.9 
2.8 

2.0 

.6 

20.7 
14.4 

6.3 


12.0 
3.5 
1.6 

3.9 
3.4 

.7 

9.1 
1.8 

10.9 


13.7 

5.0 

3.7 

1.1 

.9 

.2 

20.6 
.4 

21.0 


13.7 

4.0 

.2 

.6 

1.0 

.1 

18.0 
1.3 

16.7 


10.6 




11.9 




1 6 


Investment in Refundable Excess Profits Tax 


7 




2 


Redemption of Preferred Stock 


5 


Increase in Misc Assets (less Misc. Liabilities) 


1.0 


Sub-Total 


20.5 


Increase in Working Capital ex. Inventories'" 


3 


Total Net uses of Funds 


20.2 






YEAR-E 


SD B/ 


LLANC 


E SHI 


£ET 
















Net Working Capital and Other Assets 


5.6 
15.6 
11.7 
19.7 

52.6 
5.4 
1.2 
9.3 

.4 

36.3 

45.5 
4.4 

1.6 

87.8 


7.1 
19.1 
14.2 
23.2 

63.6 
5.5 
3.0 

15.6 
.5 

39.0 

43.4 
4.0 

1.8 

88.2 


5.7 
23.8 
13.5 
25.0 

68.0 
5.1 
4.2 

14.3 
.4 

44.0 
1.7 

40.3 

3.4 

.4 

1.9 

90.9 


5.7 
27.5 
10.3 
17.9 

61.4 

6.0 

2.3 

5.9 

.3 

46.9 
2.4 

38.7 
3.1 

.7 
1.7 

92.1 


8.8 

29.4 
13.0 
16.2 

67.4 

5.2 

1.6 

6.9 

.5 

53.2 
2.7 

36.6 

3.2 

.1 

2.5 

98.1 


5.7 
35.1 
11.0 
17.6 

69.4 
6.6 
2.8 
6.2 

.4 

53.4 
3.3 

38.4 

3.3 

.2 

3.2 

101.8 


4.2 

24.0 
11.7 
26.5 

66.4 
8.9 
3.5 

4.4 
.8 

48.8 
3.2 

45.0 

6.1 

.6 

1.9 

105.6 


7.2 
23.6 
11.4 
29.9 

72.1 

8.8 

2.7 

5.7 

.4 

54.5 
3.2 

51.8 

7.7 

.1 

2.2 

119.5 


6.8 

24.3 
16.2 
35.0 

82.3 

11.8 

2.1 

8.6 

.4 

59.4 

1.9 

58.6 

11.7 

2.3 

133.9 


5.2 
24.5 
19.3 
38.9 

87.9 

11.3 

8.3 

5.8 

.4 

62.1 

1.3 

63.7 

11.5 

2.0 

140.6 


4 8 




26 1 




29 8 




50 8 




111 5 




12.1 




12.6 




12.9 




.4 


Net Working Capital 


73 5 


Refundable Portion of Excess Profits Tax 


6 


Mant Property and Equipment (Net)'" 


64.2 


nvestment in Other Companies (Net)' 8 ' 


9.8 


Miscellaneous Assets Less Miscellaneous Liabilities'" 

Total 


1.6 
149.7 






1 

Capital and Surplus 

unded Debt" ) 


13.1 
.1 

19.6 
34.8 
20.2 

87.8 


10.9 
.4 
19.2 
34.8 
22.9 

88.2 


10.4 

.2 

- 19.2 

34.8 

26.3 

90.9 


8.7 

.1 

18.7 

35.4 

29.2 

92.1 


14.9 
.1 
17.4 
36.0 
29.7 

98.1 


14.8 
.1 
17.3 
36.1 
33.5 

101.8 


18.1 

17.3 
37.0 
33.2 

105.6 


22.3 
.2 
20.7 
38.8 
37.5 

119.5 


23.2 
.3 

20.7 
38.9 
50.8 

133.9 


22.2 

20.7 
38.9 
58.8 

140.6 


22.4 


.oans from Parent and Other Companies (Net) 


.6 


'referred Stock Outstanding 


21.3 


common Stock Outstanding 


38.9 


Darned Surplus and Surplus Reserves' 1 " 


67.7 


Total 


149.7 







,ote: for footnotes see page 187. 



191 NOVEMBER 1951 

VI— FINANCIAL STATISTICS : 22 PULP AND PAPER PRODUCTS COMPANIES*! 

Bank of Canada 
Millions of Dollars PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


1949 


1950 


Net Operating Profit (Before Depreciation)"' 

Depreciation «) 


59.4 
24.3 

.9 
11.2 


67.6 

24.9 

1.3 

11.0 


57.0 

25.3 

1.4 

10.4 


57.2 
25.5 

1.5 
10.1 


60.0 
24.4 

1.5 
9.7 


58.1 

23.7 

1.9 

9.0 


100.5 

26.5 

2.0 

8.0 


133.3 

27.2 
1.7 
5.8 


149.8 

29.6 

2.2 

5.8 


142.1 

32.7 

2.8 

5.7 


188.3 
33.7 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 


4.6 
5.5 


Net Profit before Income & E. P. Tax Provision 11 ' 

Income & E. P. Tax Provision (ex. Refundable Portion). . 


24. N 
11.4 


33.0 
19.1 


22.7 
L1.8 


23.1 

13.0 


27.4 
14.9 


27.3 
13.5 


68.0 
36.8 


102.U 

52.9 


116.6 

45.4 


106.5 
43.7 


153.7 
66.1 


Net Income to Stockholders'" 


13.4 

5.3 


13.9 

5.8 


10.9 

5.1 


10.1 

4.5 


12.5 

6.8 


13.8 

/ .o 


31.2 

15.8 


49.1 
19.4 


71.2 

26.6 


62.8 

32.5 


87 6 


Net Income Paid Out in Cash Dividends 


45.1 


Undistributed Income' 1 ' 


8.1 


8.1 


5.8 


5.6 


5.7 


1',..-, 


15.4 


29.7 


44.6 


30.3 


42.5 







YEAR-END BALANCE SHEET 



SOURCE 


, AND 


USE 


OF FUNDS"" 
















Net Source of Funds 

Net Income to Stockholders 


13.4 
5.3 

8.1 

22.6 

2.1 

32.8 
2.8 

35.6 


13.9 
5.8 

8.1 

23.1 

2.2 

33.4 
33.4 


10.9 
5.1 

5.8 

23.6 

2.1 

31.5 
31.5 


10.1 

4.5 

5.6 

23.9 

1.9 

31.4 
31.4 


12.5 
6.8 

5.7 

22.5 

2.2 

30.4 
.5 

30.9 


13.8 
7.3 

6.5 

21.6 

2.3 

30.4 
30.4 


31.2 
15.8 

15.4 

24.1 

2.4 

41.9 
4.0 

45.9 


49.1 
19.4 

29.7 

24.8 

2.4 

56.9 
56.9 


71.2 
26.6 

44.6 

27.2 

2.4 

74.2 
.8 

75.0 


62.8 
32.5 

30.3 

30.7 

2.0 

63.0 
.1 

63.1 


87.6 


Cash Dividends 


45.1 


Undistributed Profits 


42.5 


Depreciation Charges 


31 8 


Other Non-cash Charges Against Current Income < 2 > (4 >. . . . 
Total Funds From Current Income 


1.9 

76.2 


Issue of Common Stock 


.1 


Total Net Sources of Funds 


76.3 


Net Use of Funds 


8.7 
7.2 
1.3 

6.8 

.5 

5.3 

29.8 
5.8 

35.6 


8.6 

2.9 

.6 

9.7 

.1 

1.6 

23.5 
9.9 

33.4 


9.8 

6.6 

.6 

.3 

5.6 

7.0 

14.7 
16.8 

31.5 


5.2 
5.7 
1.0 

.8 
3.7 

.8 
4.7 

.9 
32.3 

31.4 


10.3 
6.7 

.7 
1.3 
8.7 

.1 
1.7 

26.1 
4.8 

30.9 


19.5 

12.4 
1.2 

.6 
5.0 

.2 
4.1 

43.0 
12.6 

30.4 


29.6 

21.9 

1.3 

.1 

22.6 

1.0 

6.2 

82.7 
36.8 

45.9 


38.7 

42.6 

2.5 

2.4 

.3 

4.1 

85.8 
28.9 

56.9 


43.7 
30.0 
2.0 
.3 
4.4 
4.9 
2.3 

63.8 
11.2 

75.0 


27.6 

27.1 

.5 

.6 

9.6 

2.8 

2.1 

14.9 
48.2 

63.1 


30.8 


Investment in Inventories 


14 6 


Investment in Other Companies 


4.4 


Investment in Refundable Excess Profits Tax 


.7 


Redemption of Funded Debt 


8.6 


Redemption of Preferred Stock 


10.3 


Increase in Misc. Assets (less Misc. Liabilities) 


.7 


Sub-Total 


39.5 


Increase in Working Capital ex. Inventories' 5 ' 


36.8 


Total Net Uses of Funds 


76.3 







Net Working Capital and Other Assets 
Cash 


16.6 

7.1 

24.9 

66.6 

115.2 
18.6 

1.9 
13.1 

3.4 

78.2 

341.4 
8.8 

6.9 

435.3 


26.9 

6.8 

31.2 

69.5 

134.4 
20.1 

1.7 
21.0 

3.3 

88.3 

325.5 
9.4 

8.6 

431.8 


20.1 
25.7 
29.9 
76.1 

151.8 
18.5 

7.4 
10.5 

3.5 

111.9 

.3 

310.6 

9.3 

6.6 

438.7 


24.3 
48.9 
33.9 
70.4 

177.5 
18.4 

3.6 
15.0 

2.9 

137.6 

1.2 

290.0 

8.3 

6.2 

443.3 


30.2 
53.3 
32.6 
77.1 

193.2 

21.6 

2.7 

15.0 

3.1 

150.8 
2.6 

276.5 
9.1 

5.4 

444.4 


13.9 

60.1 
33.2 
89.4 

196.6 

24.5 

6.3 

11.0 

2.9 

151.9 

2.9 

273.2 

10.4 

6.9 

445.3 


23.1 

25.6 

42.4 

111.3 

202.4 
29.2 

6.0 
25.7 

4.0 

137.5 

3.0 

277.6 

10.8 

.2 

5.6 

434.3 


19.0 

18.5 

52.4 

153.9 

243.8 

40.3 

5.8 

35.7 

6.1 

155.9 

2.7 

289.7 

13.4 

5.6 

467.3 


30.7 

16.2 

57.0 

183.9 

287.8 

40.5 

1.9 

32.4 

10.9 

202.1 

1.8 

306.2 

16.0 

5.9 

532.0 


39.9 

40.5 

55.5 

156.9 

292.8 

30.1 

.2 

29.9 

10.2 

222.4 

1.2 

302.0 

16.4 

6.2 

548.2 


45.1 


Marketable Securities 


89.6 


Current Accounts Receivable 


68.0 


Inventories' 6 ' 


142.3 


Total Current Assets 


344.9 


Current Accounts Payable 


42.8 


Bank Loans 


.2 


Accrued Taxes Payable 


45.5 


Accrued Interest and Dividends Payable 


10.8 


Net Working Capital 


245.6 


Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net)' 7 ' 


.4 
300.7 


Investment in Other Companies (Net)' 8 ' 


21.1 


Government Account (Net) 


_ 


Miscellaneous Assets Less Miscellaneous Liabilities'" 

Total 


7.7 
575.5 






Capital and Surplus 

Funded Debt' 10 ' 


188.2 

9.5 

75.1 

98.8 

63.7 

435.3 


177.7 

8.9 

74.8 

98.8 

71.6 

431.8 


171.6 
14.2 
74.7 
98.8 
79.4 

438.7 


167.2 
17.9 
73.6 
98.8 
85.8 

443.3 


158.1 
20.1 
73.5 
99.3 
93.4 

444.4 


153.6 
23.6 
73.2 
99.3 
95.6 

445.3 


138.3 
1.3 

73.4 
103.4 
120.5 

434.3 


140.8 

.4 

71.9 

104.6 

150.4 

467.3 


145.5 

.3 

76.8 

105.4 

204.0 

532.0 


136.0 

.5 

75.5 

105.5 

231.7 

548.2 


127.7 


Loans from Parent and Other Companies (Net) 


.6 


Preferred Stock Outstanding 


73.4 


Common Stock Outstanding 

Earned Surplus and Surplus Reserves' 1 " 

Total 


105.6 
269.4 

575.5 







NOVEMBER 1951 

VI— FINANCIAL STATISTICS : 45 IRON, STEEL & PRODUCTS COMPANIES*! 



192 



Millions of Dollars 



Bank of Canada 
PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 



Net Operating Profit (Before Depreciation)") 

Depreciation «) 

Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision (1 > 

Income & E. P. Tax Provision (ex. Refundable Portion) . . 

Net Income to Stockholders'" . 

Net Income Paid Out in Cash Dividends 

Undistributed Income*" 



1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 



27.7 

6.0 

.9 

.4 

22.2 
10.1 

12.1 

7.7 

4.4 



30.6 
16.9 



13.7 

7.7 



6.0 



57.3 

20.1 

.7 

.3 

37.6 
22.6 



15.0 

8.3 



6.7 



52.3 
16.7 



36.2 
21.0 



15.2 

6.7 



8.5 



39.4 

10.3 

.9 

.2 



29.8 
16.1 



13.7 

5.7 



8.0 



31.1 

7.0 

1.2 

.1 



25.2 
12.7 



12.5 

5.9 



30.2 

5.7 

2.6 

.1 



27.0 
12.4 



14.6 
12.2 



2.4 



44.7 

8.0 

2.1 

.6 



38.2 
17.7 



20.5 

12.0 



8.5 



59.9 

10.1 

1.6 

.8 



50.6 
19.5 



31.1 

13.1 



18.0 



67.7 

13.6 

2.4 

.9 



55.6 
22.0 



33.6 

17.4 



16.2 



SOURCE AND USE OF FUNDS") 



Net Source of Funds 

Net Income to Stockholders 

Cash Dividends 

Undistributed Profits 

Depreciation Charges 

Other Non-cash Charges Against Current Income' 2 ) (4) 

Total Funds From Current Income 

Issue of Common Stock 

Total Net Sources of Funds 

Net use of Funds 

Investment in Plant, Property and Equipment 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities) 

Sub-Total 

Increase in Working Capital ex. Inventories") 

Total Net uses of Funds 



12.1 

7.7 

4.4 

6.0 

.1 

10.5 
.5 

11.0 



13.7 

7.7 

6.0 

12.8 

.1 

18.9 
2.6 

21.5 



15.0 
8.3 



27.0 



15.2 
6.7 

8.5 

16.4 

.4 



27.1 



13.7 
5.7 

8.0 
10.3 



18.3 
2.0 

20.3 



12.5 
5.9 

6.6 
7.0 



14.8 



14.6 
12.2 

2.4 
5.7 



8.1 
8.1 



20.5 
12.0 

8.5 
8.0 



16.5 
1.0 

17.5 



31.1 
13.1 

18.0 
10.1 



28.1 
1.8 

29.9 



33.6 
17.4 

16.2 
13.6 



29.8 
.1 

29.9 



10.4 
13.4 

.7 

2.6 

.9 

24.8 
13.8 

11.0 



18.8 

9.2 

.3 

.2 

5.8 

22.1 
.6 



13.8 

4.1 

.5 

2.3 

.8 

.1 

1.5 

20.1 
6.9 



6.5 
1.1 
1.4 
3.2 

1.3 

.7 



9.2 
17.9 



9.5 
9.0 

1.8 

3.3 

.1 

3.6 

9.1 
11.2 



14.1 

2.9 

.4 

1.1 

.3 

.6 

5.4 

24.8 
10.0 



14.6 

7.7 

.2 

.1 

1.4 

2.2 

19.0 
10.9 



22.4 

17.6 

3.3 

24.3 

.4 

2.2 

17.2 
.3 



23.0 

13.4 

.4 

1.5 

4.1 

.4 

30.8 
.9 



17.9 

1.0 

.8 

2.7 

.4 

.1 

1.9 

19.4 
10.5 



21.5 



27.0 



27.1 



20.3 



14.8 



8.1 



17.5 



29.9 



29.9 



YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 

Cash 

Marketable Securities 

Current Accounts Receivable 

Inventories* 6 ' 



Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Accrued Interest and Dividends Payable. 



Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net) (7 > 

Investment in Other Companies (Net) (8) 

Government Account (Net) 

Miscellaneous Assets Less Miscellaneous Liabilities'" . 

Total 



Capital and Surplus 

Minded Debt"") 

j^oans from Parent and Other Companies (Net) . 

Preferred Stock Outstanding 

Common Stock Outstanding 

learned Surplus and Surplus Reserves' 1 " 



Total. 



11.3 
10.9 
24.7 
47.5 

94.4 
14.9 

3.1 
10.7 

2.2 

63.5 

71.8 
11.5 

1.7 



148.5 



6.9 

3.6 

17.0 

71.0 

50.0 



148.5 



16.8 
13.8 
30.3 
56.8 

117.7 

23.4 

2.4 

18.3 

1.7 

71.9 

77.8 

10.9 

8.2 

2.0 

154.4 



1.5 

17.0 
74.2 
55.1 



154.4 



16.9 
27.8 
32.2 
60.9 

137.8 

29.0 

2.8 

21.6 

1.4 

83.0 

2.2 

71.5 

11.6 

8.9 

1.5 

160.9 



5.8 

1.7 

16.9 

74.4 

62.1 



160.9 



18.1 
35.3 
28.0 
59.7 

141.1 
22.7 

1.7 
15.6 

1.2 

99.9 
5.5 

60.9 

9.9 

6.6 

.9 

170.5 



5.8 

2.9 

15.6 

76.3 

69.9 



170.5 



20.3 
42.2 
24.3 
50.7 

137.5 

21.4 

1.4 

11.0 

1.1 

102.6 
7.2 
61.1 
9.9 
5.3 
2.2 

177 7. 



2.8 

2.9 

15.9 

78.5 

77.6 



177.7 



15.5 
36.2 
21.9 
53.6 

127.2 

21.1 

1.2 

8.2 

1.2 

95.5 

7.2 

68.5 

10.3 

.6 

3.3 

185.4 



2.5 

3.5 

15.1 

79.7 
84.6 



185.4 



17.5 
22.3 
25.1 
61.4 

126.3 

20.3 

1.5 

10.1 

1.1 

93.3 

7.2 

79.1 

10.5 

1.8 

2.1 

190.4 



4.0 

2.5 

15.1 

79.7 

89.1 



190.4 



15.9 
27.0 
38.5 
78.9 

160.3 

28.5 

4.4 

14.0 

1.6 

111.8 

6.9 

92.9 

13.8 

2.0 

2.5 

225.9 



28.3 
5.0 
14.6 
80.9 
97.1 



225.9 



22.5 
20.1 
45.0 
92.4 

180.0 

32.3 

.9 

15.1 

2.4 

129.3 
3.9 

105.9 

13.3 

1.7 

2.5 

253.2 



32.4 

1.1 

14.6 

82.6 

122.5 



253.2 



26.3 
24.6 
42.7 
93.3 

186.9 

26.4 

1.0 

16.0 

2.6 

140.9 

1.2 

110.1 

14.4 

.8 

2.7 

268.5 



32.0 

.1 

14.5 

82.7 

139.2 



268.5 



Jote: for footnotes see page 187. 



193 

VI— FINANCIAL STATISTICS : 49 MACHINERY COMPANIES*! (EXCL. 

Bank of Canada 
Millions of Dollars PROFIT STATISTICS : SUMMARY STATEMENT 



NOVEMBER 1951 
ELECTRICAL) 



Fiscal Year Near] si ro Calj ndar Year 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


1949 


1950 


Net Operating Profit (Before Depreciation)'" 


30.9 
7.6 
1.0 

23.6 
10.9 

12.7 

8.0 

4.7 


57.2 

14.2 

1.8 

.8 

44.0 
26.4 

17.6 

10.1 


77.4 

18.2 

2.2 

.8 

60.6 
38.9 

21.7 

8.0 

13.7 


75.3 

17.2 

2.6 

1.0 

59.7 
40.5 

19.2 

8.2 

11.0 


54.8 
9.6 
2.8 

.7 

47.3 
29.3 

18.0 

6.5 

11.5 


46.6 

7.8 

2.8 

.6 

41.0 
23.9 

17.1 

6.5 

10.6 


36.5 

7.1 

3.0 

.5 

31.9 
15.8 

16.1 

16.2 

.1 


62.9 
7.9 
3.2 

.0 

57.6 
27.0 

30.6 

14.7 

15.9 


84.1 

9.8 

4.1 

.8 

77.6 
31.2 

46.4 

16.9 

29.5 


113.5 

12.9 

3.7 

1.3 

103.0 

42.7 

60.3 
20.3 

40.0 


124 


Depreciation <2) 


13 7 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision*" 

Income & E. P. Tax Provision (ex. Refundable Portion). . 

Net Income to Stockholders'" 


5.6 

2.1 

113.8 
49.1 

64 7 




24 ti 


Undistributed Income'" 


40 1 







SOURCE AND USE OF FUNDS'" 



Net Source of Funds 

Net Income to Stockholders 

Cash Dividends. 

Undistributed Profits 

Depreciation Charges 

Other Non-cash Charges Against Current Income (2) "> 

Total Funds From Current Income 

Issue of Common Stock 

Total Net Sources of Funds 

Net use of Funds 

Investment in Plant, Property and Equipment 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities) 

Sub-Total 

Increase in Working Capital ex. Inventories' 5 ' 

Total Net uses of Funds 



12.7 
8.0 

4.7 
7.6 



12.3 
.1 

12.4 



17.6 
7.5 



10.1 
14.2 



24.5 



21.7 
8.0 



13.7 
18.2 



31.9 



31.9 



19.2 
8.2 



11.0 
17.2 



28.2 



28.2 



18.0 
6.5 



11.5 
9.6 



21.1 



21.1 



17.1 
6.5 



10.6 
7.8 



18.4 
.1 



18.5 



16.1 
16.2 



.1 

7.1 



7.0 
.4 



7.4 



30.6 
14.7 



15.9 

7.8 

.1 



23.8 
.5 



24.3 



46.4 
16.9 



29.5 

9.7 

.1 



39.3 
1.7 



41.0 



60.3 
20.3 



40.0 

12.8 

.1 



52.9 

.4 



53.3 



9.0 

19.1 

4.5 

.5 

.3 

6.2 

18.2 
5.8 

12.4 



16.3 

31.0 

3.5 

.6 

.2 

5.2 

46.4 
21.9 

24.5 



14.3 

8.3 

7.4 

3.3 

.9 

8.1 

5.3 
37.2 

31.9 



12.1 
9.5 
2.7 
6.7 
1.2 
1.5 
1.9 

26.4 
1.8 

28.2 



6.1 

10.4 

.2 

3.7 

1.3 

10.4 

10.9 
10.2 

21.1 



11.3 
2.3 
1.6 
2.6 
4.2 
1.9 

10.3 

18.0 
.5 

18.5 



15.3 

21.2 

7.3 

1.4 
1.5 
8.2 



19.3 

39.1 

2.8 

4.9 

.4 

4.1 

55.2 
30.9 

24.3 



20.0 

22.8 

6.6 

2.4 

15.3 

.2 

9.5 

22.4 

18.6 

41.0 



18.1 
9.4 

10.1 
3.6 
1.4 
2.4 
4.4 

.4 
52.9 

53.3 



YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 


18.1 

6.3 

61.3 

74.6 

160.3 

32.0 

12.5 

12.2 

.4 

103.2 

75.5 

26.2 

1.7 

1.4 

201.8 


24.5 

5.6 

76.5 

105.7 

212.3 

51.3 

17.4 

30.0 

1.2 

112.4 

77.4 

28.6 

.2 

1.3 

216.9 


41.0 
39.6 
77.5 
97.4 

255.5 

60.4 

12.8 

35.9 

.9 

145.5 

3.3 

73.4 

21.2 

7.7 

2.4 

233.3 


35.8 
55.4 

74.7 
106.9 

272.8 

63.4 

14.0 

36.6 

1.0 

157.8 

9.6 

68.2 

19.2 

12.6 

.8 

241.4 


36.1 
55.4 
56.7 
96.5 

244.7 

56.6 

7.0 

21.3 

1.1 

158.7 

12.8 

64.7 

19.1 

1.5 

1.8 

252.0 


46.2 
46.0 
50.0 
94.2 

236.4 

46.8 

8.3 

17.5 

.9 

162.9 

13.0 

69.5 

16.9 

5.7 

.3 

268.3 


26.8 

38.5 

43.3 

115.4 

224.0 

45.3 

11.7 

12.2 

.8 

154.0 

12.5 

78.0 

24.6 

1.6 

.3 

267.2 


35.5 

29.1 

44.5 

154.6 

263.7 

57.1 

16.5 

23.0 

1.6 

165.5 

11.3 

89.6 

23.2 

2.7 

5.2 

292.1 


43.0 

24.0 

58.1 

177.3 

302.4 

59.5 

11.7 

21.9 

1.5 

207.8 
8.8 

100.2 

30.0 

1.7 

8.3 

336.8 


67.6 

54.4 

58.3 

160.9 

341.2 

55.2 

11.4 

20.4 

3.7 

244.5 
4.7 

105.2 

28.3 

l.l 

3.8 

377.8 


69.6 


Marketable Securities 


82.9 


Current Accounts Receivable 


96 5 




171 5 






Total Current Assets 


420 5 


Current Accounts Payable 


77 9 




12.8 


Accrued Taxes Payable 


36 9 


Accrued Interest and Dividends Payable 


7.4 


Net Working Capital 


285 5 


Refundable Portion of Excess Profits Tax 


1.8 


Plant, Property and Equipment (Net)' 7 ' 


114.6 


Investment in Other Companies (Net)< 8) 

Government Account (Net) 


30.7 
.8 


Miscellaneous Assets Less Miscellaneous Liabilities' 9 ' 

Total 


6.9 
424.9 






Capital and Surplus 

Funded Debt' 10 ' 


17.6 
1.3 
33.5 
98.7 
50.7 

201.8 


17.0 
3.1 

31.0 
76.9 
88.9 

216.9 


16.1 

1.9 

30.9 

76.9 

107.5 

233.3 


14.9 

2.0 

30.0 

77.3 

117.2 

241.4 


13.6 

1.4 

30.0 

77.7 
129.3 

252.0 


17.8 

1.9 

28.5 

77.9 

142.2 

268.3 


16.8 
3.3 

22.0 

84.8 

140.3 

267.2 


21.8 

3.1 

21.0 

86.1 

160.1 

292.1 


37.7 

2.0 

18.9 

89.7 

188.5 

336.8 


37.5 

4.1 

16.7 

90.2 

229.3 

377.8 


52.6 


Loans from Parent and Other Companies (Net) 


6.2 


Preferred Stock Outstanding 


13.1 


Common Stock Outstanding 


94.0 


Earned Surplus and Surplus Reserves"" 

Total 


259.0 
424.9 



Not*: for footnotes see page 187. 



NOVEMBER 1951 194 

VI— FINANCIAL STATISTICS : 27 ELECTRICAL MACHINERY & EQUIPMENT COMPANIES*t 

Bank of Canada 
Millions of Dollars PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


1949 


1950 


Depreciation < 2 > 


15.9 

3.2 

1.3 

.1 

13.9 
6.9 

7.0 
5.2 

1.8 


26.8 

4.6 

1.0 

.1 

23.1 
14.4 

8.7 

4.2 

4.5 


30.7 

6.2 

1.4 

.1 

25.8 
15.9 

9.9 

4.7 

5.2 


26.1 

5.9 

1.0 

.1 

21.1 
12.5 

8.6 

4.3 

4.3 


23.2 

3.4 

1.3 

.1 

21.0 
11.4 

9.6 

4.3 

5.3 


16.6 

3.0 

1.5 

.1 

15.0 
7.1 

7.9 

4.3 

3.6 


12.9 

3.8 

3.1 

.1 

12.1 
4.9 

7.2 

7.5 

.3 


28.8 

5.1 

1.9 

.4 

25.2 
12.0 

13.2 

6.7 

6.5 


35.2 

7.1 

.5 

.5 

28.1 
11.0 

17.1 

4.7 

12.4 


40.0 

10.1 

4.2 

.5 

33.6 
11.8 

21.8 

12.3 

9.5 


51.6 
10.2 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision* 1 ' 

Income & E. P. Tax Provision (ex. Refundable Portion) . . 

Net Income to Stockholders*') 


3.8 
.5 

44.7 
17.9 

26.8 


Net Income Paid Out in Cash Dividends 


13.0 


Undistributed Income*') 


13 8 







SOURCE AND USE OF FUNDS* 3 ' 














Net Source of Funds 

Net Income to Stockholders 


7.0 
5.2 

1.8 
3.2 

5.0 
.4 

5.4 


8.7 
4.2 

4.5 
4.6 

9.1 

9.1 


9.9 
4.7 

5.2 
6.2 

11.4 

11.4 


8.6 
4.3 

4.3 
5.9 

10.2 

10.2 


9.6 
4.3 

5.3 
3.4 

8.7 
.1 

8.6 


7.9 
4.3 

3.6 
3.0 

6.6 
1.1 

7.7 


7.2 
7.5 

3.8 

3.5 

3.5 


13.2 
6.7 

6.5 
5.1 

11.6 
.1 

11.7 


17.1 

4.7 

12.4 
7.1 

19.5 
1.0 

20.5 


21.8 
12.3 

9.5 
10.1 

19.6 

19.6 


26.8 


Cash Dividends 


13.0 


Undistributed Profits 


13 8 


Depreciation Charges 


10.2 


Other Non-cash Charges Against Current Income*" < 4 >. . . . 
Total Funds From Current Income 


24.0 


Issue of Common Stock 


.2 


Total Net Sources of Funds 


24.2 


Net Use of Funds 
Investment in Plant, Property and Equipment 


2.9 

7.1 
.3 

.1 
5.5 

4.1 
1.3 

5.4 


5.9 

11.8 

.1 

1.3 
.2 
.2 

16.5 
7.4 

9.1 


5.0 
7.4 

.3 
1.5 

.2 

5.2 

8.6 
2.8 

11.4 


2.9 
8.8 

.9 
1.9 

.2 

3.2 

16.1 
5.9 

10.2 


2.3 
4.8 

.6 
1.6 

.2 

1.6 

.3 
8.3 

8.6 


7.5 

2.7 

.4 

.7 

.2 

5.3 

5.0 
2.7 

7.7 


9.4 

14.6 

1.1 

.1 

.1 

.1 

25.2 
21.7 

3.5 


13.8 

19.2 

2.5 

16.2 

8.7 

5.6 
6.1 

11.7 


17.8 

1.8 

.7 

1.0 

.7 

.1 

7.5 

9.8 
10.7 

20.5 


11.7 
1.2 
1.0 
1.5 
1.4 
.6 
1.3 

10.7 
8.9 

19.6 


10.0 


Investment in Inventories 


22.5 


Investment in Other Companies 


2.3 


Investment in Refundable Excess Profits Tax 


8 


Redemption of Funded Debt 


2.4 


Redemption of Preferred Stock 


.1 




2.2 


Sub-Total 


38.7 


Increase in Working Capital ex. Inventories**' 


14 5 


Total Net Uses of Funds 


24.2 







YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 

Cash 

Marketable Securities 

Current Accounts Receivable 

Inventories' 6 ' 

Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Accrued Interest and Dividends Payable 

Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net)' 7 * 

Investment in Other Companies (Net)' 8 ' 

Government Account (Net) 

Miscellaneous Assets Less Miscellaneous Liabilities' 91 

Total 

Capital and Surplus 

Funded Debt" ' 

Loans from Parent and Other Companies (Net) 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves " 

Total 



13.1 
18.0 
24.0 
27.0 

82.1 

9.1 

.4 

8.3 

.7 

63.6 

30.7 
9.0 

5.9 

97.4 



11.0 
18.1 
31.6 
38.8 

99.5 

13.3 

2.0 

16.1 

.6 

67.5 

31.7 
9.3 

5.6 

102.9 



11.2 
19.7 
34.8 
46.3 

112.0 

20.5 

1.4 

12.0 

.8 

77.3 
1.6 

30.0 
9.0 

10.4 



107.5 



12.6 
20.1 
32.5 
55.1 



111.2 



17.9 
26.4 
25.2 
50.2 

119.7 

25.5 

.6 

9.7 



83.2 
5.4 

25.2 
7.6 
2.1 
7.7 



115.8 



18.8 
24.3 
21.4 
53.0 

117.5 

22.2 

1.4 

5.0 

.7 

88.2 
4.8 

29.6 

7.6 

.8 

10.2 



119.2 



9.0 
13.3 
27.3 
67.6 



119.0 



11.9 

7.7 

43.6 

86.7 

149.9 

23.4 

10.4 

12.6 

.5 

103.0 

5.3 

42.6 

7.2 

1.9 

12.4 



143.8 



14.0 

9.8 

53.8 

88.6 



161.1 



15.6 
13.1 
51.1 
87.4 

167.2 

27.3 

3.1 

8.4 

1.2 

127.2 

1.9 

55.1 

7.5 

.4 

23.1 

168.2 



1.4 

.8 
2.2 

48.1 
44.9 

97.4 



2.8 

1.0 

2.4 

48.1 

48.6 

102.9 



2.6 

1.0 

2.4 

48.1 

53.4 



2.3 

1.6 

2.4 

48.2 

56.7 



2.1 

1.5 

2.4 

49.2 

60.6 



2.3 

.8 

2.4 

50.2 

63.5 



2.4 

1.0 

2.4 

50.3 

62.9 



18.6 

1.2 

2.4 

50.3 

71.3 



19.3 

1.0 

2.3 

51.8 

86.7 



17.9 

1.1 

2.4 

51.8 

95.0 



107.5 



111.2 



115.8 



119.2 



119.0 



143.8 



161.1 



168.2 



Note: for footnotes see page 187. 



195 



NOVEMBER 1951 



VI— FINANCIAL STATISTICS : 37 GOLD MINING COMPANIES*! 

Bank of Canada 



Millions of Dollars PROFIT STATISTICS : 


SUMMARY 


STATEMENT 












Fiscal Year Nearest to Calendar Year 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1917 


1948 


1949 


1950 


Net Operating Profit (Before Depreciation)'" 


58.4 

7.2 

3.9 

.1 

55.0 
14.2 

40.8 

36.8 

4.0 


54.0 
7.4 
4.5 

51.1 

14.4 

36.7 

35.1 

1.6 


43.5 
7.1 
4.3 

40.7 
11.0 

29.1 

26.8 

2.3 


32.3 
5.1 
3.8 

31.0 
8.7 

22.3 

21.9 

.4 


22.8 
3.4 
3.4 

22.8 
6.4 

16.4 

18.4 

2.0 


19.6 
3.2 
3.7 

120.1 

5.7 

14.4 

16.0 

1.6 


1 t.5 
3.0 
3.4 

14.9 
4.0 

10.9 

13.4 

2.5 


11.5 
3.2 
3.0 

11.3 
2.3 

9.0 

11.6 

2.6 


14.fi 
3.8 
3.3 

14.1 
2.6 

11.5 

10.3 

1.2 


19.3 
3.9 
4.0 

19.4 
3.3 

16.1 

12.7 

3.4 


18.5 
3.5 
5.6 

20.6 
3.6 

17 


Depreciation' 2 * 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Income & E. P. Tax Provision (ex. Refundable Portion). . 
Net Income to Stockholders'" 


Net Income Paid Out in Cash Dividends 


13 


Undistributed Income'" 


3 4 







SOURCE AND USE OF FUNDS") 



Net Source of Funds 

Net Income to Stockholders 


40.8 
36.8 

4.0 
5.4 
1.8 

11.2 
.8 

12.0 


36.7 
35.1 

1.6 
5.9 
1.5 

9.0 
.5 

9.5 


29.1 
26.8 

2.3 
5.8 
1.3 

9.4 

.1 

9.5 


22.3 
21.9 

.4 

4.4 
.7 

5.5 
5.5 


16.4 
18.4 

2.0 

2.9 

.5 

1.4 
1.1 

2.5 


14.4 
16.0 

1.6 

2.6 
.6 

1.6 

.6 

2.2 


10.9 
13.4 

2.5 

2.1 
.9 

.5 

3.0 

3.5 


9.0 
11.6 

2.6 
1.9 
1.3 

.6 
.8 

1.4 


11.5 
10.3 

1.2 
2.0 
1.9 

5.1 

.4 

5.5 


16.1 
12.7 

3.4 
2.8 
1.1 

7.3 
7.3 


17 


Cash Dividends 


13 6 


Undistributed Profits 


3 4 




2.4 


Other Non-cash Charges Against Current Income' 2 ' <*>.... 
Total Funds From Current Income 


A 

6.9 




.2 


Total Net Sources of Funds 


7.1 






Net Use of Funds 


4.2 
.1 

1.2 

_2 

f.7 

7.4 
4.6 

12.0 


5.6 
1.5 

.7 

.2 
1.1 

9.1 

.4 

9.5 


1.3 

1.0 

1.2 

.1 

.2 

.8 

2.6 
6.9 

9.5 


.5 

2.5 
1.4 

.2 

1.0 

.6 
4.9 

5.5 


1.1 

1.7 

.8 

2. 

.3 

.9 
3.4 

2.5 


1.2 

.2 

2.0 

3.4 
1.2 

2.2 


2.3 
7.1 
3.3 

2.6 

15.3 
11.8 

3.5 


2.5 
1.4 
3.6 

.2 

2.3 

9.6 
8.2 

1.4 


2.7 
.8 
.4 

.1 

.1 

2.6 

6.3 

.8 

5.5 


2.7 
2.4 
2.2 

1.3 

3.8 
3.5 

7.3 


2.5 


Investment in Other Companies 


2.7 
.9 






Redemption of Funded Debt 




Redemption of Preferred Stock 




Sub-Total 


.2 

.5 


Increase in Working Capital ex. Inventories' 5 ' 


6.6 


Total Net uses of Funds 


7.1 







YEAR -END BALANCE SHEET 



Net Working Capital and Other Assets 


28.5 

42.8 

.9 

15.4 

87.6 
4.1 

15.1 
4.8 

63.6 

92.0 
13.3 

6.8 

175.7 


22.6 

47.5 

1.0 

16.8 

87.9 
4.8 

14.4 
3.7 

65.0 

91.4 
13.6 

6.7 

176.7 


23.5 

45.8 

1.4 

15.8 

86.5 
4.1 

7.5 
3.2 

71.7 

.1 

86.8 

13.9 

6.3 

178.8 


21.6 

51.4 

1.0 

13.2 

87.2 
3.4 

5.8 
2.7 

75.3 

.1 

82.6 

15.2 

6.4 

179.6 


19.0 

56.7 

1.2 

11.5 

88.4 
3.3 

5.0 
2.0 

78.1 

.1 

80.9 

14.8 

6.5 

180.4 


18.0 

58.5 

1.3 

11.5 

89.3 

3.7 

.2 

4.7 

1.7 

79.0 

.1 

80.1 

16.1 

8.0 

183.3 


16.5 

44.3 

.8 

18.6 

80.2 

4.3 

.3 

3.0 

1.3 

71.3 

.2 

80.2 

19.3 

9.1 

180.1 


14.5 

38.3 

1.0 

20.0 

73.8 
4.1 
1.0 
2.3 
1.4 

65.0 

.1 

79.5 

22.9 

9.8 

177.3 


15.1 

37.6 

1.1 

20.8 

74. G 

4.7 

.6 

2.4 

1.5 

65.4 

80.1 
23.8 

11.4 

180.7 


15.1 

41.6 

1.3 

18.4 

76.4 

5.0 

.5 

2.3 

1.7 

66.9 

80.0 
25.6 

11.3 

183.8 


16.6 




47.0 


Current Accounts Receivable 


1.4 


Inventories' 6 ' 


15.7 


Total Current Assets 


80.7 




5 2 




2 




2 4 


Accrued Interest and Dividends Payable 


1 6 


Net Working Capital 


71.3 


Refundable Portion of Excess Profits Tax 




Plant Property and Equipment (Net)'" 


79.6 


Investment in Other Companies (Net)' 8 ' 


26.6 






Miscellaneous Assets Less Miscellaneous Liabilities'" 

Total 


9.9 
187.4 






Capital and Surplus 

Funded Debt" ' 


1.1 

111.5 
63.1 

175.7 


.8 

112.1 
63.8 

176.7 


.6 

112.2 
66.0 

178.8 


.4 

112.2 
67.0 

179.6 


.2 

113.2 
67.0 

180.4 


.2 

113.9 
69.6 

183.3 


.6 

116.5 
64.2 

180.1 


.2 
1.0 

117.2 
60.9 

177.3 


.3 
1.2 

117.5 
64.1 

180.7 


.2 

117.5 
66.1 

183.8 


.2 


Loans from Parent and Other Companies (Net) 


.5 




Common Stock Outstanding 


117.7 


Earned Surplus and Surplus Reserves"" 


70.0 


Total 


187.4 







Note: for footnotes see page 187. 



NOVEMBER 1951 

VI— FINANCIAL STATISTICS : 18 NON-FERROUS METAL COMPANIES*! 

Bank of Canada 



196 



Millions of Dollars PROFIT STATISTICS : 


SUMMARY STATEMENT 












Fiscal Year Nearest to Calendar Year 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


1949 


1950 


Net Operating Profit (Before Depreciation)' 1 ' 


114.0 

17.1 

5.0 


136.6 

22.4 

6.2 


142.0 

25.4 

3.9 


132.1 

26.9 

4.4 


108.4 

22.1 

6.2 


102.5 

21.2 

5.8 


108.1 
14.9 
8.4 


158.4 

16.8 

9.9 

.1 


192.4 

17.6 

13.9 

.2 


162.1 

18.5 

13.0 

.2 


198.3 


Depreciation ' 2) 


21.0 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 


10.9 
.2 


Net Profit before Income & E. P. Tax Provision' 1 ' 

Income & E. P. Tax Provision (ex. Refundable Portion) . . 


101.9 
34.5 


120.4 
46.3 


120.5 
47.5 


109.6 
41.5 


92.5 
34.0 


87.1 
30.0 


101.6 
31.2 


151.4 
46.8 


188.5 
50.8 


156.4 
44.8 


188.0 
58.7 


Net Income to Stockholders* 1 * 


67.4 

55.1 


74.1 

57.2 


73.0 

57.2 


68.1 

57.7 


58.5 
52.2 


57.1 

51.9 


70.4 
57.9 


104.6 

76.1 


137.7 

95.7 


111.6 

91.2 


129.3 


Net Income Paid Out in Cash Dividends 


91.3 




12.3 


16.9 


15.8 


10.4 


6.3 


5.2 


12.5 


28.5 


42.0 


20.4 


38.0 







SOURCE AND USE OF FUNDS ' 



Net Source of Funds 

Net Income to Stockholders 

Cash Dividends 

Undistributed Profits 

Depreciation Charges 

Other Non-cash Charges Against Current Income (2) (4> 

Total Funds From Current Income 

Issue of Common Stock 

Total Net Sources of Funds 

Net Use of Funds 

Investment in Plant, Property and Equipment 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities) 

Sub-Total 

Increase in Working Capital ex. Inventories* 5 ' 

Total Net uses of Funds 



67.4 
55.1 

12.3 

11.3 

6.5 

30.1 
.2 

30.3 



74.1 
57.2 



16.9 

16.4 

6.5 

39.8 
39.8 



73.0 
57.2 



15.8 

19.5 

6.4 

41.7 



41.7 



68.1 
57.7 



10.4 

21.4 

5.4 

37.2 



37.2 



58.5 
52.2 



6.3 

16.4 

5.7 

28.4 



28.4 



57.1 
51.9 



5.2 

16.2 

4.9 

26.3 



26.3 



70.4 
57.9 



12.5 

11.0 

3.9 

27.4 



27.4 



104.6 
76.1 



28.5 
12.4 

4.4 

45.3 



45.3 



137.7 
95.7 

42.0 

12.9 

4.7 

59.6 



60.2 



111.6 
91.2 



20.4 

13.9 

4.6 

38.9 



38.9 



13.4 
7.5 
2.1 

.3 

1.5 

24.8 
5.5 

30.3 



15.3 

.4 

2.8 



.1 
.8 

18.4 
21.4 

39.8 



18.9 
10.3 

1.8 

.1 
.4 
.1 

31.4 
10.3 

41.7 



13.2 

.6 

1.1 

2.3 



1.2 

18.4 
18.8 

37.2 



10.3 
4.5 

.5 
1.5 

.1 

1.4 

9.3 
19.1 

28.4 



5.6 

3.6 

.8 

.4 



3.0 

7.4 
18.9 

26.3 



15.1 
3.6 
2.3 

3.2 
3.0 
6.1 

14.7 
12.7 

27.4 



23.3 

17.0 

2.6 

2.5 

2.1 

37.3 
8.0 

45.3 



25.9 

17.3 

9.3 

.8 

.2 

1.7 

53.6 
6.6 

60.2 



35.5 

11.3 

3.4 

1.5 

.5 

8.6 

56.8 
17.9 

38.9 



YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 

Cash 

Marketable Securities 

Current Accounts Receivable 

Inventories 16 ' 

Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Accrued Interest and Dividends Payable 

Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net) <7) 

Investment in Other Companies (Net) 18 ' 

Government Account (Net) 

Miscellaneous Assets Less Miscellaneous Liabilities'" 

Total 

Capital and Surplus 

Funded Debt' 10 ' _ 

Loans from Parent and Other Companies (Net) 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves' 11 ' 

Total 

Note: for footnotes see page 187. 



77.9 
17.0 
21.7 
71.7 

188.3 

14.8 

.3 

34.7 

2.6 

135.9 

215.3 
29.2 

1.4 

381.8 



1.0 

.3 

35.6 

138.0 

207.5 



381.8 



94.6 
31.3 
28.6 
72.2 

226.7 

18.1 

.4 

48.0 

2.7 

157.5 

212.3 
29.7 

1.6 

397.9 



.4 

.1 

35.5 

138.0 

223.9 



397.9 



72.7 
47.6 
34.3 
82.4 

237.0 

19.6 

.3 

35.9 

2.6 

178.6 

1.8 

209.3 

28.1 

3.1 

414.7 



.3 
.2 

35.2 
138.0 
241.4 



414.7 



71.8 
61.9 
32.7 
83.0 

249.4 

18.5 

.4 

30.0 

2.6 

197.9 

4.2 

198.8 

28.0 

3.9 

425.0 



.3 
.3 

35.2 
137.9 
251.9 



425.0 



81.6 
67.7 
32.7 
78.4 

260.4 

16.4 

.3 

26.5 

5.2 

212.0 

5.5 

184.9 

26.5 

5.1 

423.8 



.2 
20.6 

33.7 
139.1 
271.4 



423.8 



79.9 
88.0 
29.0 
82.1 

279.0 

15.5 

.3 

23.4 

5.2 

234.6 

5.8 

171.8 

26.2 

4.6 



433.8 



.1 

17.7 

33.7 

139.1 

278.6 



433.8 



106.2 
84.4 
29.2 
85.7 

305.5 

18.1 

.2 

23.3 

8.4 

255.5 

5.3 

173.9 

28.2 

6.0 

456.9 



3.3 

10.9 

30.9 

139.1 

294.5 



456.9 



116.1 
98.0 
34.6 

102.7 

351.4 

23.4 

.9 

29.2 

16.4 

281.5 

4.2 

182.5 

31.2 

6.2 

493.2 



5.9 
9.8 

30.9 
139.1 
327.1 



493.2 



120.6 
98.8 
51.0 

119.9 

390.3 

26.8 

1.3 

37.9 

20.8 

303.5 

3.3 

190.1 

39.9 

6.4 

530.4 



5.7 
8.1 

30.9 
139.7 
362.2 



530.4 



100.5 
95.8 
42.3 

131.4 

370.0 

25.4 

.9 

30.3 

15.9 

297.5 

1.8 

209.5 

42.8 

4.0 

547.6 



6.2 
4.9 

30.9 
139.7 
375.7 



547.6 



197 



NOVEMBER 1951 



Millions of Dollars 



VI— FINANCIAL STATISTICS : 9 PETROLEUM COMPANIES*! 

Bank of Canada 
PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


1949 


1950 


Net Operating Profit (Before Depreciation) (1 > 

Depreciation < 2 > 


30.1 
9.1 

13.8 
.8 

34.0 
11.1 

22.9 
21.2 

1.7 


31.3 

9.4 

14.0 

.8 

35.1 
13.9 

21.2 

17.8 

3.4 


36.1 

10.7 

9.8 

.8 

34.4 
14.6 

19.8 

18.0 

1.8 


40.3 

11.5 

9.4 

.9 

37.3 
15 4 

21.9 

18.0 

3.9 


40.2 

10.3 

9.2 

.9 

38.2 
16.3 

21.9 

17.8 

4.1 


38.5 

9.3 

9.5 

.9 

37.8 
15.2 

22.6 

18.5 

4.1 


46.8 

10.3 

6.2 

.9 

41.8 
16.4 

25.4 
18.4 

7.0 


51.5 

11.6 

5.9 

1.2 

44.6 
15.1 

29.5 

18.8 

10.7 


58.0 

14.9 

7.1 

1.9 

48.3 
14.1 

34.2 

19.6 

14.6 


68.6 

24.0 

4.9 

2.0 

47.5 
10.8 

36.7 

19.9 

16.8 


94.5 
25.3 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision' 1 ' 

Income & E. P. Tax Provision (ex. Refundable Portion) . . 

Net Income to Stockholders ' 


4.1 
3.0 

70.3 
24.2 

46.1 


Net Income Paid Out in Cash Dividends 


22.6 


Undistributed Income*" 


23.5 







SOURCE AND USE 


OF FUNDS" 
















Net Source of Funds 

Net Income to Stockholders 


22.9 
21.2 

1.7 

9.0 

.1 

10.8 
1.4 

12.2 


21.2 
17.8 

3.4 

9.3 

.1 

12.8 
12.8 


19.8 
18.0 

1.8 

10.6 

.1 

12.5 
12.5 


21.9 
18.0 

3.9 
11.5 

15.4 

15.4 


21.9 

17.8 

4.1 
10.3 

14.4 

14.4 


22.6 
18.5 

4.1 
9.3 

13.4 
1.0 

14.4 


25.4 
18.4 

7.0 
10.3 

17.3 
.2 

17.5 


29.5 
18.8 

10.7 
11.6 

22.3 
1.9 

24.2 


34.2 
19.6 

14.6 
14.9 

29.5 
8.6 

38.1 


36.7 
19.9 

16.8 

23.9 

.1 

40.8 
.3 

41.1 


46 1 




"2 G 


Undistributed Profits 


23.5 


Depreciation Charges 


25 2 


Other Non-cash Charges Against Current Income (2) (4) . . . . 
Total Funds From Current Income 


.1 

48 8 




11 9 


Total Net Sources of Funds 


60.7 






Net Use of Funds 

Investment in Plant, Property and Equipment 


10.1 

6.3 

.3 

.4 

.1 

1.5 

17.3 
5.1 

12.2 


10.9 
2.1 
8.1 

1.2 
.1 
.5 

6.7 
6.1 

12.8 


13.5 
3.8 
4.9 

.1 
1.6 

.1 
1.0 

2.4 
10.1 

12.5 


6.3 

2.3 

3.0 

.3 

1.8 

1.8 

5.9 
9.5 

15.4 


9.0 

5.7 

.4 

.3 

1.7 

.8 

17.9 
3.5 

14.4 


11.8 
2.9 
2.6 
.6 
3.4 
1.0 
2.5 

10.8 
3.6 

14.4 


28.8 
7.7 
7.8 

8.5 
2.1 
1.6 

36.3 
18.8 

17.5 


48.0 

34.8 

3.4 

32.8 

11.0 

.6 

43.0 
18.8 

24.2 


47.0 
34.0 
33.6 

5.2 
5.0 
1.9 

39.1 
1.0 

38.1 


53.9 

4.1 

23.1 

.3 

18.6 

.2 

7.6 
33.5 

41.1 


66 8 


Investment in Inventories 


10.9 


Investment in Other Companies 


32.5 


Investment in Refundable Excess Profits Tax 


.2 


Redemption of Funded Debt 


20.2 


Redemption of Preferred Stock 


4.0 


Increase in Misc. Assets (less Misc. Liabilities) 


4.6 


Sub-Total 


25.4 


Increase in Working Capital ex. Inventories"' 

Total Net l sis of Funds 


35.3 
60.7 



YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 

Cash. 



Marketable Securities 

Current Accounts Receivable. 
Inventories' 6 ' 



Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Accrued Interest and Dividends Payable. 



Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net)"' 

Investment in Other Companies (Net)' 8 ' 

Government Account (Net) 

Miscellaneaus Assets Less Miscellaneous Liabilities'" 

Total 



9.1 

10.6 
23.0 
52.5 

95.8 

13.8 

.3 

12.0 

1.0 

68.7 

92.3 
68.9 

11.1 

218.8 



23.1 

6.8 

28.1 

54.6 

112.6 
19.5 

14.9 
1.0 

77.2 

93.8 
60.7 

10.7 

221.0 



19.0 

7.3 

44.7 

50.9 

121.9 
26.7 

10.5 
1.0 

83.7 

.1 

96.3 

55.3 

11.9 

223.5 



28.6 
11.5 
35.8 
53.1 

129.0 
21.0 

11.3 
1.2 

95.5 

.4 

88.9 

52.2 

9.8 

227.2 



32.1 
11.5 
31.8 
58.8 

134.2 
23.8 

10.2 
1.0 

99.2 

.4 

85.9 

51.6 

8.9 

228.2 



26.0 
25.0 
27.3 
61.7 

140.0 

22.5 

1.0 

9.2 

1.5 

105.8 

1.0 

88.3 

49.0 

9.4 
234.7 



14.6 
17.9 
33.1 
69.5 

135.1 
28.6 

10.4 
1.1 

95.0 
1.0 

107.4 
56.8 

8.0 

252.2 



20.2 

3.9 

44.9 

104.3 

173.3 
49.8 

11.5 
1.2 

110.8 

1.0 

144.2 

60.1 

7.3 

308.8 



16.0 

5.4 

50.5 

138.3 

210.2 

53.0 

2.6 

9.1 

1.2 

144.3 

.9 

177.8 

36.8 

6.6 

353.2 



25.4 

22.4 

58.9 

134.2 

240.9 

43.4 

13.3 

8.6 

1.3 

174.3 

210^4 
37.4 

7.8 

415.0 



Capital and Surplus 

Funded Debt" ' 

Loans from Parent and Other Companies (Net). 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves" 1 ' 



Total. 



22.5 

.8 

10.8 

113.9 

72.4 

218.8 



21.4 

.8 

10.7 

113.9 

75.8 

221.0 



22.9 

.7 

10.6 

113.9 

76.8 

223.5 



24.6 

.5 

10.6 

11.3.9 

78.6 

227.2 



22.9 

.7 

10.6 

113.9 

81.5 

228.2 



26.3 
.3 

11.6 

114.9 

82.2 

234.7 



34.9 

.6 

10.0 

115.1 

92.8 

252.2 



68.0 
.7 

21.0 
116.9 
103.6 

308.8 



73.2 

42.8 

26.0 

125.6 

171.2 

353.2 



92.9 
29.4 

25.6 
126.3 
199.6 

415.0 



Note: for footnotes see page 187. 



NOVEMBER 1951 



198 



VI 



Millions of Dollars 



FINANCIAL STATISTICS : 27 CHEMICAL COMPANIES*! 

Bank of Canada 
PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


1949 


1950 


Net Operating Profit (Before Depreciation)"* 


20.3 

3.0 

1.0 

.2 

18.1 
7.3 

10.8 

9.0 

1.8 


24.5 

3.8 

1.2 

.2 

21.7 
10.5 

11.2 

8.5 

2.7 


22.9 

4.6 

1.1 

.2 

19.2 
9.0 

10.2 

8.1 

2.1 


21.8 

5.2 

1.1 

.2 

17.5 
8.5 

9.0 

5.0 

4.0 


22.5 

3.9 

.9 

.1 

19.4 
9.6 

9.8 

9.7 

.1 


22.3 
3.5 
1.0 

.1 

19.7 
9.4 

10.3 

7.4 

2.9 


24.9 

3.8 

1.9 

.1 

22.9 
10.4 

12.5 

8.7 

3.8 


29.7 

5.9 

2.8 

.3 

26.3 
11.0 

15.3 

11.3 

4.0 


37.0 

7.1 

1.3 

.3 

30.9 
11.6 

19.3 

11.1 

8.2 


43.2 
8.3 

1.7 
.4 

36.2 
14.5 

21.7 

15.3 

6.4 


50.3 


Depreciation «> 


9.6 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision" 1 

Income & E. P. Tax Provision (ex. Refundable Portion) . . 

Net Income to Stockholders"' 


2.5 
.4 

42.8 
18.2 

24.6 


Net Income Paid Out in Cash Dividends 


18.5 


Undistributed Income' 1 ' 


6.1 







SOURCE AND USE OF FUNDS' 3 ' 



Net Source of Funds 
Net Income to Stockholders. . . . 
Cash Dividends 



Undistributed Profits 

Depreciation Charges 

Other Non-cash Charges Against Current Income' 2 ' < 4 ' . 



Total Funds From Current Income. 
Issue of Common Stock 



Total Net Sources of Funds. 



Net Use of Funds 
Investment in Plant, Property and Equipment 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax. . 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities) . 

Sub-Total 

Increase in Working Capital ex. Inventories' 5 ' . . 



Total Net Uses of Funds. 



10.8 
9.0 

1.8 
3.0 



4.8 

.7 

5.5 



5.4 
4.5 
2.6 

.2 

.9 

11.8 
6.3 

5.5 



11.2 
8.5 

2.7 
3.8 



6.5 
.5 

7.0 



4.9 

1.8 

.2 

.1 



6.2 
.8 

7.0 



10.2 
8.1 

2.1 
4.6 



6.7 
.2 

6.9 



5.3 

1.7 

1.4 

.4 

.2 

.1 

1.0 



7.3 

.4 

6.9 



9.0 
5.0 

4.0 
5.2 



9.2 
9.2 



1.8 
4.3 
.1 
.6 
.2 
.2 
1.4 



2.8 
12.0 

9.2 



9.8 
9.7 

.1 
3.9 



4.0 
.2 

4.2 



2.6 
.3 
.1 
.8 
.4 
.1 
.3 



3.4 



4.2 



10.3 

7.4 

2.9 
3.5 



6.4 
2.3 

8.7 



5.2 
.1 

2.1 
.7 
.2 

1.0 

1.7 



.1 
8.7 



12.5 
8.7 

3.8 
3.8 



7.6 
4.3 

11.9 



17.2 
4.9 
1.3 

3.9 

2.2 
.1 



21.6 
9.7 

11.9 



15.3 
11.3 



4.0 
5.9 


8.2 
7.1 


9.9 
2.6 


15.3 
.6 



12.5 



11.8 
9.7 
1.7 

2.5 
3.5 
3.3 



13.9 
1.4 

12.5 



19.3 
11.1 



15.9 



15.2 
1.6 
1.3 

.3 
2.6 



13.3 
2.6 

15.9 



21.7 
15.3 



6.4 
8.3 


6.1 
9.6 


14.7 
.2 


15.7 
.4 



14.9 



11.2 
.5 
.5 
.6 

1.0 
.2 

1.8 

13.6 
1.3 

14.9 



YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 

Cash 

Marketable Securities 

Current Accounts Receivable 

Inventories' 6 ' 



Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Accrued Interest and Dividends Payable. 



Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net)' 7 ' 

Investment in Other Companies (Net)' 8 ' 

Government Account (Net) 

Miscellaneous Assets Less Miscellaneous Liabilities'". 

Total 



Capital and Surplus 

Funded Debt' 10 ' 

Loans from Parent and Other Companies (Net) . 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves" 1 ' 



Total. 



11.3 

3.0 

11.9 

23.6 

49.8 
6.4 

.6 
7.9 

.2 

34.7 

34.9 
9.8 

4.0 

83.4 



4.1 

17.7 
23.7 
37.9 

83.4 



10.7 

4.9 

14.9 

25.3 

55.8 
7.9 

.4 
9.8 

.2 

37.5 

36.5 
9.9 

3.0 

86.9 



4.0 

.5 

17.6 

24.2 

40.6 

86.9 



7.9 

7.9 

13.6 

27.1 

56.5 

9.1 

1.8 

6.3 

.2 

39.1 

.4 

37.2 

8.5 

2.0 

87.2 



3.8 
.8 

17.5 
24.4 
42.3 

87.2 



12.4 
14.3 
13.1 
22.8 

62.6 

8.1 

1.1 

6.2 

.2 

47.0 

.9 

34.2 

8.7 



90.9 



3.6 

.3 
17.3 

24.4 
45.9 

90.9 



12.3 
18.6 
11.8 
22.5 

65.2 

8.8 

2.1 

6.6 

.2 

47.5 

1.7 

32.8 

8.8 

.8 

.3 

89.7 



3.3 

.6 

17.3 

24.6 
45.1 

89.7 



12.8 
19.5 
12.5 
22.5 

67.3 
9.8 
2.2 
6.3 
1.6 

47.4 

2.4 

34.7 

10.8 

.7 

2.3 

96.9 



3.1 

.5 
18.3 
27.2 
47.8 

96.9 



9.3 
14.2 
14.9 
27.4 

65.8 

11.1 

2.6 

7.1 

2.2 

42.8 

2.3 

48.6 

12.2 

.5 

2.2 

107.6 



7.0 

.9 

16.8 

31.5 

51.4 

107.6 



11.0 
10.1 
20.3 
37.1 

78.5 

14.3 

3.9 

7.0 

2.1 

51.2 

2.1 

54.5 

13.6 

1.6 

1.9 

121.7 



9.6 
3.3 

20.5 
34.0 
54.3 

121.7 



14.3 

7.0 

22.5 

39.5 

83.3 

12.0 

3.9 

8.7 

2.3 

56.4 

1.8 

63.3 

12.6 

1.7 

135.8 



12.2 
3.9 
20.5 
34.6 
64.6 

135.8 



14.4 
11.4 
24.1 
40.0 

89.9 

15.2 

3.2 

9.8 

2.8 

58.9 

1.2 

67.5 

12.1 

1.7 

141.4 



11.2 
2.3 

20.4 
34.8 

72.7 

141.4 



Note: for footnotes see page 187. 



199 NOVEMBER 1951 

VI— FINANCIAL STATISTICS : 59 WHOLESALE TRADE & SERVICE COMPANIES*t 

Bank af Canada 
Millions of Dollars PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


1949 


1950 


Net Operating Profit (Before Depreciation)'" 


6.3 

1.2 

.6 

.1 

5.6 
2.5 

3.1 

2.1 

1.0 


9.7 

1.3 

.6 

9.0 
4.8 

4.2 

1.5 

2.7 


11.6 

1.3 

.7 

11.0 
6.3 

4.7 

1.7 

3.0 


12.2 
1.2 

.7 

11.7 
7.3 

4.4 

2.1 

2.3 


11.4 

1.1 

.7 

11.0 
6.6 

4.4 

2.3 

2.1 


12.4 
1.1 

.7 

12.0 
6.8 

5.2 

2.3 

2.9 


15.9 

1.5 

.9 

15.3 
7.8 

7.5 

6.1 

1.4 


17.1 

1.8 

.8 

16.1 

7.7 

8.4 
5.5 

2.9 


19.6 

2.1 

.9 

.1 

18.3 
6.6 

11.7 

3.9 

7.8 


17.8 
2.6 

1.0 
.1 

16.1 
0.1 

10.0 

4.0 

6.0 


21 9 


Depreciation' 21 


3 2 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Income & E. P. Tax Provision (ex. Refundable Portion) . . . 
Net Income to Stockholders'" 


1.2 
.2 

19.7 
7.6 

12 1 


Net Income Paid Out in Cash Dividends 


5.4 


Undistributed Income'" 


6 7 







SOURCE AND USE 


OF FUNDS' 3 ' 
















Net Source of Funds 

Net Income to Stockholders 


3.1 
2.1 

1.0 

1.2 

2.2 
2.2 


4.2 
1.5 

2.7 
1.3 

4.0 

4.0 


4.7 
1.7 

3.0 
1.3 

4.3 

4.3 


4.4 
2.1 

2.3 
1.2 

3.5 

.1 

3.6 


4.4 
2.3 

2.1 
1.1 

3.2 

3.2 


5.2 
2.3 

2.9 
1.1 

4.0 

.1 

4.1 


7.5 
6.1 

1.4 
1.5 

2.9 

2.9 


8.4 
5.5 

2.9 
1.8 

4.7 
.2 

4.9 

4.6 
4.1 

.7 

.2 

.2 

2.3 

7.5 
2.6 

4.9 


11.7 
3.9 

7.8 

2.1 

9.9 
.4 

10.3 

1.9 

5.2 

4.8 

.3 

.1 

.1 

1.4 

10.4 

.1 

10.3 


10.0 
4.0 

6.0 
2.6 

8.6 

8.6 


12 1 




5 4 




6 7 


Depreciation Charges 


3 2 


Other Non-cash Charges against Current Income' 2 ' (4) . . . . 
Total Funds From Current Income 


9 9 


Issue of Common Stock 


3 


Total Net Sources of Funds 


9.6 


Net Use of Funds 

Investment in Plant, Property and Equipment 


.3 
1.0 

.2 
1.7 

3.2 

1.0 

2.2 


1.1 
5.7 

.7 

.2 

1.7 

4.6 

.6 

4.0 


.8 
2.6 
.1 
.5 
.2 

1.5 

.5 
3.8 

4.3 


1.2 
.8 
.6 
.9 
.5 
.3 
.4 

2.9 
.7 

3.6 


.1 

.1 

1.0 
2 

.1 
1.7 

.6 
3.8 

3.2 


2.0 
.3 
.1 
.9 

.7 
1.0 

.1 

3.5 

.6 

4.1 


4.9 

9.0 

.9 

.8 
.8 
.2 

13.2 
10.3 

2.9 


4.8 
5.0 
1.4 

.8 
1.0 

.1 
1.6 

1.1 
7.5 

8.6 


8 


Investment in Inventories 


12 7 


Investment in Other Companies 


4 7 


Investment in Refundable Excess Profits Tax 


9 


Redemption of Funded Debt 


5 4 


Redemption of Preferred Stock 




Increase in Misc. Assets (less Misc. Liabilities) 


4 2 


Sub-Total 


14 9 


Increase in Working Capital ex. Inventories' 5 ' 

Total Net Uses of Funds 


5.3 
9 6 







YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 

Cash 

Marketable Securities 

Current Accounts Receivable 

Inventories' 6 ' 



Total Current Assets 

Current Accounts Payable 

Bank Loans , 

Accrued Taxes Payable 

Accrued Interest and Dividends Payable . 



Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net)' 7 ' 

Investment in Other Companies (Net)' 8 ' 

Government Account (Net) 

Miscellaneous Assets less Miscellaneous Liabilities'" 

Total 



Capital and Surplus 

Funded Debt' 10 ' 

Loans from Parent and Other Companies (Net) . 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves"" 



Total. 



3.6 

.6 
17.7 
24.0 



45.9 

10.1 

1.9 

2.9 

.4 



30.6 

13.2 
5.7 



50.3 



1.0 
1.8 

12.1 
19.0 
16.4 

50.3 



4.5 

1.5 

19.3 

29.7 



55.0 

11.5 

2.1 

5.4 

.5 

35.5 

12.8 
5.0 

.2 

.9 

54.0 



.8 

3.4 

12.0 

19.0 

18.8 

54.0 



9.4 

3.8 

15.8 

27.1 



56.1 

11.3 

1.9 

5.7 

.3 



36.9 
.5 

12.3 

5.0 

.2 

.9 

55.4 



.i 

1.9 

11.9 

19.0 

21.9 

55.4 



8.4 

8.1 

13.9 

27.9 



58.3 

11.3 

1.8 

6.2 

.5 



38.5 

1.3 

12.3 

4.6 

.1 

.8 

57.4 



.1 

1.7 

12.3 

19.1 

24.2 

57.4 



8.9 
10.9 
13.5 
28.0 



61.3 

10.8 

1.7 

5.4 

.7 

42.7 

2.2 

11.5 

4.8 

.3 

.7 

61.6 



.3 

3.7 

12.2 

18.3 

27.1 

61.6 



8.9 
13.3 
14.9 
28.3 



65.4 

12.9 

2.1 

5.6 

.6 

44.2 
3.0 

12.4 

4.9 

.3 



65.0 



1.0 

4.0 

11.3 

18.4 

30.3 

65.0 



6.2 

9.8 

19.2 

37.3 



72.5 

16.1 

4.3 

6.0 

2.8 

43.3 
2.9 

15.6 

4.4 

.1 

1.0 

67.1 



1.8 

4.2 
10.0 
19.2 
31.9 

67.1 



6.6 
5.3 

21.0 
41.4 



74.3 

16.6 

6.2 

5.7 

.7 

45.1 
2.8 

18.4 
5.2 

1.2 

72.7 



1.7 

6.9 

9.9 

19.4 

34.8 

72.7 



8.2 
3.1 

24.1 
46.6 



82.0 

17.3 

8.2 

5.4 

.5 

50.6 

2.3 

18.9 

10.1 

.8 

82.7 



1.6 
8.3 
9.9 

19.8 

43.1 

82.7 



11.5 

3.4 

26.8 

41.6 



83.3 

18.1 

6.7 

4.7 

.6 

53.2 

1.6 

21.7 

11.5 



88.8 



2.6 

6.9 

9.9 

19.8 

49.6 

88.8 



Note: for footnotes see page 187. 



NOVEMBER 1951 

VI— FINANCIAL STATISTICS : 31 RETAIL TRADE & SERVICE COMPANIES" 

Bank of Canada 
Millions of Dollars PROFIT STATISTICS : SUMMARY STATEMENT 



200 



Fiscal Year Nearest to Calendar Year 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


1949 


1950 


Net Operating Profit (Before Depreciation)'" 


14.6 

3.5 

.8 

1.9 

10.0 
4.4 

5.6 

3.2 

2.4 


17.7 

3.7 

.8 

1.8 

13.0 
6.3 

6.7 

3.3 

3.4 


22.0 

3.8 

.9 

1.8 

17.3 
10.0 

7.3 

3.5 

3.8 


24.5 

3.7 

.9 

1.7 

20.0 
12.3 

7.7 

4.1 

3.6 


26.0 

3.4 

.9 

1.4 

22.1 
13.1 

9.0 

4.7 

4.3 


29.2 
3.4 
1.1 
1.4 

25.5 
15.6 

9.9 

4.9 

5.0 


32.7 
3.6 
1.3 
1.1 

29.3 
14.1 

15.2 

6.2 

9.0 


31.4 
4.0 
1.6 

.7 

28.3 
12.1 

16.2 

8.0 

8.2 


36.1 

4.9 

1.3 

.9 

31.6 
12.5 

19.1 

7.1 

12.0 


38.5 
6.4 
1.5 
1.0 

32.6 
13.1 

19.5 

8.6 

10.9 


43.4 


Depreciation' 2 ' 


7.2 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Income & E. P. Tax Provision (ex. Refundable Portion). . 
Net Income to Stockholders'" 


2.0 
1.2 

37.0 
15.5 

21.5 




9.5 


Undistributed Income'" 


12.0 







SOURCE AND USE 


OF FUNDS' 3 ) 
















Net Source of Funds 

Net Income to Stockholders 


5.6 
3.2 

2.4 

3.4 

.3 

6.1 

.1 

6.2 


6.7 
3.3 

3.4 

3.7 

.3 

7.4 
7.4 


7.3 
3.5 

3.8 

3.7 

.3 

7.8 
7.8 


7.7 
4.1 

3.6 
3.7 

.2 

7.5 
7.5 


9.0 
4.7 

4.3 

3.4 

.2 

7.9 
7.9 


9.9 
4.9 

5.0 

3.4 

.3 

8.7 
.9 

9.6 


15.2 
6.2 

9.0 

3.6 

.3 

12.9 
6.6 

19.5 


16.2 
8.0 

8.2 

4.0 

12.2 
12.2 


19.1 
7.1 

12.0 
4.9 

16.9 
.1 

17.0 

11.4 

4.1 

.2 

.3 

2.5 

.9 

1.1 

13.1 
3.9 

17.0 


19.5 
8.6 

10.9 
6.4 

17.3 
.1 

17.4 


21.5 




9 5 


Undistributed Profits 


12 


Depreciation Charges 


7 2 


Other Non-cash Charges against Current Income' 2 ' (4) . . . . 
Total Funds From Current Income 


19 2 


Issue of Common Stock 


5 


Total Net Sources of Funds 


19.7 


Net Use of Funds 

Investment in Plant, Property and Equipment 


3.9 

2.7 

.3 

2.5 
.1 
.2 

9.1 

2.9 

6.2 


5.6 
5.4 

.5 
.6 
.8 

11.9 
4.5 

7.4 


1.8 
.3 
.2 
.8 

1.6 
.3 
.1 

3.9 
3.9 

7.8 


2.6 
.9 
.3 
1.9 
1.8 
.2 
.5 

4.4 
3.1 

7.5 


4.5 

2.3 

.1 

2.0 

1.8 

.2 

.8 

5.1 
2.8 

7.9 


4.2 

1.7 

.6 

2.6 

3.7 

.5 

.7 

12.8 
3.2 

9.6 


6.6 

10.1 
.8 
.1 
7.5 
.1 
.1 

25.3 

5.8 

19.5 


11.1 

4.2 

.8 

8.5 

1.4 

.6 

9.6 

2.6 

12.2 


17.1 
4.4 
5 
1.0 
5.8 
4.8 
1.9 

12.3 
5.1 

17.4 


20.5 

6.2 

.4 

1 7 


Investment in Inventories 


Investment in Other Companies 

Investment in Refundable Excess Profits Tax 


Redemption of Funded Debt 


4 


Redemption of Preferred Stock 


4 7 


Increase in Misc. Assets (less Misc. Liabilities) 


4 


Sub-Total 


20.7 
1.0 

19.7 


Increase in Working Capital ex. Inventories' 51 


Total Net Uses of Funds 




year- 


END I 


&ALAN 


CE SI 


IEET 
















net Working Capital and Other Assets 

Cash 


9.4 

2.9 

13.1 

22.3 

47.7 

13.5 

1.8 

4.7 

1.8 

25.9 

71.7 
5.0 

9.2 

111.8 


11.1 
2.7 

10.8 
27.7 

52.3 

14.2 

2.7 

6.8 

1.9 

26.7 

73.6 
5.0 

9.6 

114.9 


10.5 

7.7 

8.8 

27.4 

54.4 

13.8 

.8 

7.4 

2.1 

30.3 

.8 

71.6 

4.8 

9.1 

116.6 


11.1 

11.6 

7.3 

26.5 

56.5 

13.9 

.7 

8.1 

1.2 

32.6 
2.8 

70.5 
4.4 

8.9 

119.2 


13.4 

11.8 

7.6 

24.3 

57.1 

14.0 

.4 

8.4 

1.4 

32.9 
4.9 

71.5 
4.6 

8.1 

122.0 


11.0 

11.8 

9.0 

26.0 

57.8 
15.1 

.5 
9.4 

.5 

32.3 
7.5 

72.0 
3.9 

10.3 

126.0 


16.6 

7.5 

11.2 

36.1 

71.4 

20.2 

4.0 

6.5 

1.0 

39.7 
6.2 

74.9 
4.7 

9.0 

134.5 


17.5 

5.6 

19.3 

40.3 

82.7 

24.0 

4.4 

6.0 

1.0 

47.3 
6.0 

82.0 
5.5 

8.7 

149.5 


19.2 
7.0 

27.4 
44.4 

98.0 

29.1 

4.6 

7.8 

1.2 

55.3 
5.6 

90.2 
5.8 

9.4 

166.3 


19.6 
7.3 

33.8 
48.8 

109.5 

29.4 

6.5 

8.3 

.5 

64.8 

4.6 

101.7 

6.2 

10.9 

188.2 


19.4 
6 7 




Current Accounts Receivable 


39.4 
55.1 

120.6 

32.0 

6.9 

10.4 

1.4 

69.9 

2.7 

115.0 

6.6 


Inventories"' 


Total Current Assets 




Bank Loans 


\ccrued Taxes Payable 


\ccrued Interest and Dividends Payable 


Net Working Capital 


Refundable Portion of Excess Profits Tax 


Plant, Property and Equipment (Net)") 


Investment in Other Companies (Net)' 8 ) 


Government Account (Net) 


Miscellaneous Assets less Miscellaneous Liabilities' 9 ) 

Total 


8.5 
202.7 




Capital and Surplus 

7 unded Debt' 10 ' 


32.1 

7.5 
19.8 
30.4 
22.0 

111.8 


32.6 
7.6 
19.2 
31.4 
24.1 

114.9 


31.0 
7.5 
18.9 
32.2 
27.0 

116.6 


29.7 
7.4 
19.1 
31.7 
31.3 

119.2 


28.1 
7.3 
19.4 
31.7 
35.5 

122.0 


25.6 

7.2 

18.9 

32.6 

41.7 

126.0 


18.1 
7.1 
18.8 
39.4 
51.1 

134.5 


26.6 
6.2 
17.6 
39.4 
59.7 

149.5 


29.1 
5.9 
17.7 
40.4 
73.2 

166.3 


35.0 
5.7 
22.9 
40.4 
84.2 

188.2 


34.6 
6.3 
27.9 
38.5 
95.4 

202.7 


^oans from Parent and Other Companies (Net) 


deferred Stock Outstanding 


Common Stock Outstanding 


Sarned Surplus and Surplus Reserves"" 


Total 




■Iote: for footnotes see page 187. 



201 



NOVEMBER 1951 
VI— FINANCIAL STATISTICS : 19 ELECTRICAL UTILITY COMPANIES*! 



Millions of Dollars 



Bank of Canada 
PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 



Net Operating Profit (Before Depreciation) (1) 

Depreciation' 2 * 

Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision'" 

Income & E. P. Tax Provision (ex. Refundable Portion). . . 

Net Income to Stockholders' '> 

Net Income Paid Out in Cash Dividends 

Undistributed Income'" 



1940 



47.7 

11.6 

1.6 

17.5 

20.2 
7.4 

12.8 

12.5 

.3 



1941 



53.1 

12.8 

1.2 

17.2 

24.3 
10.8 



13.5 

11.3 



2.2 



1942 



61.9 

13.7 

1.2 

16.9 

32.5 
17.1 



15.4 

10.0 



5.4 



1943 



60.3 

14.8 

1.7 

16.5 

30.7 
15.2 



15.5 

10.5 



5.0 



1944 



55.4 
15.0 
1.8 
16.2 

26.0 
11.5 



14.5 

11.4 



3.1 



1945 



57.7 
15.0 
2.1 
15.7 

29.1 
14.3 



14.8 
11.7 



3.1 



1946 



57.3 
15.4 
2.5 
14.8 

29.6 
13.2 



16.4 

12.3 



4.1 



1947 



53.5 
14.3 
3.2 
12.9 

29.5 
11.8 



17.7 

20.4 



2.7 



1948 



53.4 

15.1 

3.3 

13.7 

27.9 

10.5 



17.4 
13.8 



3.6 



1949 



59.3 

17.2 

3.4 

15.4 

30.1 
12.2 



17.9 

14.6 



3.3 



SOURCE AND USE 


OF FUNDS" 
















Net Source of Funds 

Net Income to Stockholders 


12.8 
12.5 

.3 

11.6 

.5 

12.4 
.1 

12.5 


13.5 
11.3 

2.2 

12.8 

.6 

15.6 
15.6 


15.4 
10.0 

5.4 

13.7 

.5 

19.6 
19.6 


15.5 
10.5 

5.0 

14.8 

.5 

20.3 
20.3 


14.5 
11.4 

3.1 

15.0 
.5 

18.6 

.1 

18.5 


14.8 
11.7 

3.1 

15.0 
.6 

18.7 
.2 

18.5 


16.4 
12.3 

4.1 

15.4 

.8 

20.3 
.2 

20.5 


17.7 
20.4 

2.7 

14.3 

.7 

12.3 
.2 

12.1 


17.4 
13.8 

3.6 

15.1 

.8 

19.5 
.6 

20.1 


17.9 
14.6 

3.3 

17.2 
.9 

21.4 
7.3 

28.7 


21.8 




16 4 


Undistributed Profits 


5.4 


Depreciation Charges 


19.8 


Other Non-cash Charges against Current Income' 2 ' (4) . . . . 
Total Funds From Current Income 


.9 

26.1 


Issue of Common Stock 




Total Net Sources of Funds 


26.1 


Net Use of Funds 
Investment in Plant, Property and Equipment 


7.4 

.4 

6.0 

4.9 

2.9 

3.8 
8.7 

12.5 


8.1 

.8 

3.7 

10.7 
1.9 

14.0 
1.6 

15.6 


6.1 

.1 

.6 

1.2 

8.0 

.6 

16.4 
3.2 

19.6 


4.1 

.1 

1.6 

1.6 

10.7 

.7 

15.4 
4.9 

20.3 


7.7 
.3 
.4 
.7 

5.4 

.3 

14.2 
4.3 

18.5 


9.8 
1.0 
.3 
1.2 
2.5 

1.2 

11.0 
7.5 

18.5 


23.2 

2.7 

.1 

.2 

6.2 

.5 

1.3 

30.4 
9.9 

20.5 


34.1 

4.6 

.6 

14.9 

29.8 

4.6 

.8 
12.9 

12.1 


73.8 

2.1 

5.4 

.7 

44.3 

4.5 

.1 

21.1 

1.0 

20.1 


76.9 

.9 

.4 

.9 

18.2 

4.7 

2.9 

49.7 
21.0 

28.7 


60 2 


Investment in Inventories 


2 


Investment in Other Companies 


.2 


Investment in Refundable Excess Profits Tax 


1.8 


Redemption of Funded Debt 


30.6 


Redemption of Preferred Stock 


10.7 


Increase in Misc. Assets (less Misc. Liabilities) 


3.2 


Sub-Total 


13.9 
12 2 


Increase in Working Capital ex. Inventories' 5 ' 


Total Net Uses of Funds 


26 1 







YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 

Cash 

Marketable Securities 

Current Accounts Receivable 

Inventories" 5 ' . ■. 

Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable. ._ 

Accrued Interest and Dividends Payable 

Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net)'" 

Investment in Other Companies (Net)' 8 ' 

Government Account (Net) 

Miscellaneous Assets less Miscellaneous Liabilities'" 

Total 

Capital and Surplus 

Funded Debt' 10 ' 

Loans from Parent and Other Companies (Net) 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves' 1 " 

Total 



24.7 
2.8 
8.8 
6.2 

42.5 

8.0 

.4 

7.4 

6.1 

20.6 

588.2 
34.9 

40.2 

683.9 



375.0 
.5 

50.4 
225.3 

32.7 

683.9 



25.3 
6.4 
9.7 

7.0 

48.4 

10.4 

.4 

8.9 

5.9 

22.8 

583.2 
31.1 

39.0 



676.1 



363.8 
2.4 

50.4 
225.0 

34.5 

676.1 



23.8 

12.7 

9.9 

6.9 

53.3 

12.0 

.6 

8.5 

6.1 

26.1 

1.3 

575.6 

31.5 

38.0 



672.5 



355.7 
2.3 

50.4 
224.9 

39.2 



672.5 



19.3 

23.5 

9.2 

6.8 

58.8 

12.3 

.8 

8.3 

5.9 

31.5 

2.9 

564.8 

30.3 

37.0 



666.5 



346.1 
2.1 

50.4 

2_'4.9 

43.0 



666.5 



16.5 

29.2 

8.5 

7.1 

01.3 

10.9 

.3 

7.4 

5.7 

37.0 

3.4 

557.3 

30.7 

35.6 



664.0 



341.3 
2.6 

50.4 
224.8 

44.9 



664.0 



19.2 

39.0 

9.5 

8.1 

75.8 

14.0 

.1 

9.3 

6.8 

45.6 

4.6 

552.1 

31.0 

39.3 



672.6 



350.0 

1.6 

50.4 

224.6 
46.0 



672.6 



18.0 

31.5 

9.4 

10.8 

69.7 

14.5 

.6 

9.7 

4.9 

40.0 

4.8 

559.5 

30.9 

.6 

40.9 



676.7 



347.5 
3.6 

50.9 
224.8 

49.9 



676.7 



14.5 
50.0 
10.8 
15.3 

90.6 

17.0 

.6 

9.1 

5.9 

58.0 

4.8 

580.7 

31.5 

1.1 

40.1 



716.2 



363.7 
.6 

80.7 
224.5 

46.7 



716.2 



27.1 
40.8 
12.4 
17.4 

97.7 

21.4 

1.6 

9.6 

6.2 

58.9 

4.1 

638.9 

26.1 

1.1 

39.5 



768.6 



409.2 
.3 

85.4 
225.1 

48.6 



768.6 



20.1 
26.1 
13.2 
16.4 

75.8 
20.0 

1.4 
10.1 

6.7 

37.6 

3.1 

698.0 

26.5 

36.7 



801.9 



428.3 
.2 

90.5 
232.4 

50.5 



801.9 



Note: for footnotes see page 187. 



NOVEMBER 1951 



202 



VII— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





Production 


Res- 
idential 
Con- 


Car 


Value 
of 


Employ- 
ment 
Index 


Aggregate 
Payrolls 














Index 










News- 


Central 


struction 


Loadings 


Department 


(3) 


(3) 




Gold 


Nickel 


Steel 


print 
(i) 


Electric 
Stations* 2 ' 


Contracts 
Awarded 




Store Sales 


Unadjusted 


Unadjusted 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 




Millions 








Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 


Thousands 


of Dollars 


1939=100 


1939=100 


AntuialTotal9<4> 






















1932 


3,044 


15 


380 


2,186 


12,296 


29 


2,180 


254 


(5) 


(5) 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


289 


(S) 


(5) 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


158.3 


245.2 


1948 


3,530 


132 


3,202 


4,983 


40,607 


373 


4,060 


803 


165.0 


282.9 


1949 


4,124 


129 


3,187 


5,176 


42,103 


464 


3,907 


855 


165.5 


303.7 


1950 


4,441 


124 


3,384 


5,279 


46,085 


542 


3,906 


873 


168.0 


321.8 


12-mths. ending 






















Oct. 1951 


4,375* 


135* 


3,544 


5,497 


51,184 


436 


4,184 


897 


178.8 


371.0 


Monthly 
1950— July 


367.8 


9.4 


264.2 


439.3 


3,715 


74.2 


332 


54.8 


170.8 


328.3 


Aug. 


375.9 


7.7 


281.3 


466.4 


3,849 


48.5 


275 


61.4 


172.5 


332.5 


Sept. 


364.4 


11.7 


274.9 


437.6 


3,852 


56.3 


363 


78.3 


174.1 


328.0 


Oct. 


376.3 


10.4 


293.9 


456.4 


4,102 


54.8 


385 


83.7 


177.1 


346.6 


Nov. 


378.3 


11.9 


289.5 


456.7 


4,143 


44.0 


369 


98.2 


178.1 


351.7 


Dec. 


382.5 


10.3 


291.2 


430.6 


4,241 


28.5 


314 


118.9 


179.2 


356.2 


1951— Jan. 


374.5 


10.9 


309.7 


453.0 


4,368 


16.0 


331 


58.3 


175.3 


338.2 


Feb. 


347.1 


9.6 


281.4 


425.1 


3,982 


25.0 


294 


58.4 


172.3 


351.5 


Mar. 


372.4 


11.6 


314.8 


473.0 


4,395 


32.0 


336 


72.6 


172.3 


353.8 


Apr. 


363.1 


10.5 


312.0 


447.6 


4,227 


49.8 


337 


75.1 


173.3 


357.8 


May 


369.4 


12.4 


313.3 


485.7 


4,407 


52.0 


380 


76.6 


175.6 


367.9 


June 


362.6 


11.8 


293.5 


464.3 


4,242 


50.3 


370 


69.5 


180.3 


379.0 


July 


344.4 


11.8 


274.6 


452.5 


4,205 


43.8 


350 


54.5 


183.6 


392.5 


Aug. 


345.1 


11.8 


286.8 


484.6 


4,315 


35.2 


363 


61.5 


184.3 


394.0 


Sept. 


358.9 


11.6 


268.2 


431.1 


4,148 


30.0 


350 


72.4 


185.1 


400.2 


Oct. 






309.4 


492.5 


4,511 


29.2 


390 


81.3 


186.0 


408.9 



(1) Source; Newsprint Association of Canada. Includes Newfoundland. (2) Total output less exports and secondary power. Includes Newfoundland 

commencing January 1950. (3) 9 Leading industries. First of month figures. (4) Average of months in case of Employment and Payrolls Indexes. 

*12-months ending Sept. 1951. (5) Not available. 



EMPLOYMENT INDEXES 



MANUFACTURING AND NON- MANUFACTURING 

INDEX" 1939-100 



DURABLE AND NON- DURABLE MANUFACTURING 

INDEX 1939 = 100 





* First of month figures plotted at end of previous month. 

(1) Includes forestry, mining, construction, transportation, utilities, trade, finance and services. 

(2) Includes wood products, iron and steel products, transportation equipment, non-ferrous metal products, electrical apparatus, and 
metallic mineral products. 



203 



NOVEMBER 1951 



VIII— WHOLESALE PRICES 

Index 1935-39 = 100 
CANADA 

Dominion Bureau 
of Statistics 





Farm Products* 


Raw& 


Fully & 












Partly 
Manu- 


Chiefly 
Manu- 


Total 












Fieldf 


Animal 


Total f 


factured 


factured 




Average of Months 
1926 


158.5 


130.2 


144.4 


129.1 


133.0 


130.3 


1932 


60.4 


70.5 


65.5 


75.5 


92.8 


86.9 


1937 


128.9 


106.0 


107.4 


113.7 


104.4 


107.7 


1946 


177.9 


181.2 


179.5 


140.1 


138.0 


138.9 


1947 


184.1 


200.2 


192.2 


164.3 


162.4 


163.3 


1948 


200.6 


263.7 


232.1 


196.3 


192.4 


193.4 


1949 


191.9 


205.4 


228.7 


197.1 


199.2 


198.3 


1950 


184.6 


281.4 


233.0 


212.8 


211.0 


211.2 


Monthly 
1950— July 


197.2 


296.4 


246.8 


218.8 


209.3 


212.0, 


Aug. 


174.2 


298.5 


236.3 


221.2 


213.7 


215.7 


Sept. 


172.6 


297.1 


234.9 


226.0 


221.6 


222.6 


Oct. 


170.2 


286.8 


228.5 


220.0 


220.8 


220.0 


Nov. 


170.3 


290.5 


230.4 


221.9 


223.2 


222.4 


Dec. 


170.6 


298.4 


234.5 


225.1 


225.7 


225.2 


1951— Jan. 


173.5 


310.9 


242.2 


231.1 


233.6 


232.3 


Feb. 


177.9 


329.6 


253.7 


237.1 


240.0 


238.5 


Mar. 


181.2 


347.2 


264.2 


238.8 


244.1 


241.8 


Apr. 


181.6 


331.6 


256.6 


238.6 


244.9 


242.2 


May 


177.0 


336.1 


256.5 


238.9 


244.4 


241.9 


June 


174.4 


353.1 


263.8 


242.9 


243.7 


242.7 


July 


177.8 


358.9 


268.3 


242.5 


246.6 


244.2 


Aug. 


164.6 


348.3 


256.4 


237.1 


245.1 


241.5 


Sept. 


168.5 


339.2 


253.9 


235.8 


243.7 


240.1 


Oct. 


175.0 


330.3 


252.6 


236.3 


242.7 


239.6 



U.S.A. 

Bureau 

of Labor Statistics^ 



Farm 
Products 


Raw 
Materials 


Manu- 
factured 
Products 


Total 


131.6 


130.2 


120.8 


124.1 


63.4 


71.7 


84.9 


80.4 


113.7 


110.4 


105.3 


107.1 


195.5 


175.1 


139.9 


149.9 


238.1 


215.4 


176.1 


188.5 


247.9 


232.4 


192.5 


204.9 


217.7 


213.2 


182.6 


192.2 


224.3 


224.6 


189.4 


200.4 


231.6 


228.9 


190.8 


202.1 


233.7 


233.2 


194.7 


206.5 


237.4 


236.7 


198.1 


210.3 


233.9 


234.6 


197.5 


209.8 


241.7 


240.2 


199.4 


213.0 


246.6 


243.6 


204.0 


217.5 


255.5 


250.8 


209.1 


223.4 


266.6 


259.2 


211.8 


227.8 


268.2 


259.6 


212.3 


228.3 


266.4 


257.4 


212.7 


227.8 


262.6 


254.0 


212.8 


226.9 


261.3 


253.5 


212.0 


225.6 


255.3 


247.3 


211.5 


222.7 


250.8 


244.1 


210.6 


220.8 


248.9 


243.5 


210.4 


220.3 


253.2 


245.8 


210.5 


221.1 



U.K. 

Board of 
Trade™ 




124.8 
86.2 
109.5 
176.4 
193.2 
220.9 
231.7 
264.7 

262.0 
265.9 
274.0 
281.5 
291.0 
294.4 

302.1 
307.8 
315.8 
321.0 
322.0 
323.3 
322.2 
325.9 
327.5 
330.2 



(l) 

(2) 



100. 



Adjusted to 1935-39 = 100 from base 1926 

Adjusted to 1935-39 = 100 from base 1913 = 100 in the years 1926 to 1929 inclusive and from base 1930 = 100 thereafter. 

An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. Participation 

payments are included and the series revised whenever such payments are announced. f Revised from Aug. 1945 to July 1950 to include final five-year 

contract payment for wheat. 



Index 1935-39 = 100 



IX— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


1949 


203.0 


131.1 


183.1 


123.0 


167.6 


128.8 


160.8 


1950 


210.9 


138.3 


182.3 


132.9 


169.2 


132.6 


166.5 


First of Month 
















1950— May 


204.6 


137.5 


180.8 


132.7 


166.4 


132.3 


164.0 


June 


209.0 


137.1 


180.7 


132.7 


166.9 


132.4 


165.4 


July 


214.3 


137.7 


180.7 


134.9 


166.9 


132.5 


167.5 


Aug. 


216.7 


138.4 


180.9 


134.9 


168.9 


132.5 


168.5 


Sept. 


218.8 


140.8 


182.3 


135.5 


171.1 


132.8 


169.8 


Oct. 


220.1 


141.0 


183.5 


135.5 


172.7 


133.3 


170.7 


Nov. 


218.6 


140.6 


184.5 


136.4 


174.8 


133.4 


170.7 


Dec. 


218.8 


140.7 


184.9 


136.4 


176.4 


134.1 


171.1 


1951— Jan. 


220.2 


141.5 


187.1 


136.4 


179.8 


135.8 


172.5 


Feb. 


224.4 


141.7 


192.4 


136.4 


185.1 


137.0 


175.2 


Mar. 


233.9 


146.5 


196.3 


137.6 


188.6 


137.8 


179.7 


Apr. 


238.4 


146.7 


198.8 


137.6 


190.7 


138.8 


181.8 


May 


235.4 


146.2 


201.5 


137.6 


194.9 


140.7 


182.0 


June 


239.8 


146.2 


202.5 


139.8 


197.1 


141.0 


184.1 


July 


249.7 


147.2 


202.9 


139.8 


197.4 


142.2 


187.6 


Aug. 


251.4 


148.2 


204.6 


139.8 


199.0 


143.7 


188.9 


Sept. 


251.1 


149.5 


206.9 


142.7 


199.1 


144.0 


189.8 


Oct. 


249.7 


150.2 


213.8 


142.7 


200.1 


144.3 


190.4 


Nov. 


250.2 


150.8 


214.6 


144.8 


199.9 


144.9 


191.2 



* Components were selected and weighted on the basis of 1938 family incomes ranging from $450-$2.500, with incomes between $1,000-$1,600 most common. 



NOVEMBER 1951 


















204 






X- 


-EXPORTS AND IMPORTS BY COUNTRIES 










Compiled from "Trade of Canada", Dominion Bureau of Statistics 






Millions of Dollars 




MERCHANDISE EXPORTS (1> * 










TOTAL EXPORTS (EXCLUDING GOLD) TO 


Net 






U.K. 


Union 


Other 


Western 


Central 




Total 


Non- 
monetary 




U.S.A. 


U.K. 


Dependen- 


of 


Sterling 


Europe & 


and 


Other 


All 


Gold 








cies 


South 
Africa 


Area 
(3) 


Colonies 
(4) 


South 
America 


(5) 


Countries 


Exports 


Calendar Years 






















1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


96 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


99 


1948 


1,516 


719 


95 


83 


115 


307 


127 


164 


3,125 


119 


1949 


1,529 


710 


72 


76 


151 


254 


132 


99 


3,022 


139 


1950 


2,050 


472 


52 


44 


108 


201 


154 


75 


3,156 


162 


12 Mths. end'g 






















Oct. 1951<«> 


2,316 


589 


69 


50 


132 


326 


189 


125 


3,796 


147 


Monthly 
1950-May 


178.6 


53.3 


4.6 


4.8 


16.5 


17.8 


14.0 


7.2 


296.8 


15.8 


June 


178.9 


52.9 


3.7 


5.5 


9.1 


17.6 


15.0 


6.8 


289.4 


15.0 


July 


170.1 


31.9 


4.9 


4.3 


9.7 


19.4 


11.2 


4.1 


255.5 


14.8 


Aug. 


170.9 


41.4 


3.8 


2.0 


6.1 


18.2 


14.6 


6.1 


263.2 


13.8 


Sept. 


195.5 


34.6 


5.3 


3.6 


8.2 


15.8 


17.0 


4.9 


285.0 


10.8 


Oct. 


207.2 


45.9 


4.3 


4.9 


7.0 


23.5 


15.4 


5.9 


314.0 


16.4 


Nov. 


196.0 


39.7 


4.7 


2.9 


11.9 


25.4 


13.9 


6.6 


301.0 


12.3 


Dec. 


190.5 


36.2 


3.2 


2.6 


11.4 


20.7 


13.1 


4.4 


282.0 


11.3 


1951-Jan. 


191.2 


40.0 


4.8 


3.9 


10.4 


16.2 


14.1 


10.8 


291.4 


17.3 


Feb. 


155.4 


33.0 


3.8 


1.2 


10.1 


14.6 


11.4 


7.8 


237.4 


11.7 


Mar. 


193.8 


38.9 


4.7 


3.6 


13.4 


14.5 


12.5 


9.9 


291.4 


8.4 


Apr. 


188.5 


43.8 


5.2 


6.5 


11.4 


17.8 


14.9 


15.2 


303.4 


16.2 


May 


206.2 


51.4 


6.3 


4.3 


9.2 


20.6 


18.0 


15.9 


331.9 


13.0 


June 


191.5 


55.5 


5.8 


4.8 


6.5 


35.9 


12.4 


10.7 


323.2 


13.8 


July 


205.4 


70.9 


8.6 


69 


11.0 


47.5 


16.2 


12.0 


378.5 


13.4 


Aug. 


195.4 


63.6 


6.8 


4.1 


12.4 


34.4 


18.1 


9.7 


344.5 


11.0 


Sept. 


188.3 


51.1 


6.9 


4.1 


7.4 


34.4 


21.0 


8.8 


321.9 


10.8 


Oct.' 6 ' 


213.4 


65.2 


7.8 


5.5 


16.8 


44.0 


23.1 


13.3 


389.2 


8.2 


Millions of L 


ollars 




MERCHANDISE IMPORTS (,) * 




















Excess of 








TOTAL IMPORTS (EXCLUDING GOLD) FROM 






Merch- 
andise 






U.K. 


Union 


Other 


Western 


Central 


All 


Total 


Exports 
over 




U.S.A. 


U. K. 


Dependen- 


of 


Sterung 


Europe & 


and 


Other 


All 


Merch- 






(2) 


cies 


South 
Africa 


Area 

(3) 


Colonies 
(4) 


South 
America 


(S) 


Countries 


andise 
Imports 


Calendar Years 






















1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


514 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


225 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


489 


1949 


1,952 


306 


107 


4 


77 


83 


193 


39 


2,760 


263 


1950 


2,130 


403 


135 


5 


103 


114 


215 


68 


3,173 


17 


12 Mths end'g 






















Sept. 1951( 6 ) 


2,752 


447 


176 


6 


151 


172 


263 


88 


4,054 


334 


Monthly 






















1950-May 


195.5 


36.3 


16.0 


.6 


7.6 


8.8 


18.8 


6.5 


290.2 


6.6 


June 


188.3 


37.1 


13.4 


.4 


9.7 


10.1 


15.2 


8.3 


282.4 


6.9 


July 


170.6 


32.7 


12.6 


.3 


9.1 


9.8 


18.2 


6.1 


259.5 


3.9 


Aug. 


172.6 


34.3 


14.1 


.2 


7.3 


10.9 


21.9 


6.0 


267.3 


4.0 


Sept. 


177.4 


36.2 


14.7 


.6 


8.4 


11.0 


25.4 


6.0 


279.7 


5.3 


Oct. 


208.3 


41.6 


14.8 


.5 


12.2 


13.8 


22.0 


7.3 


320.5 


6.5 


Nov. 


214.8 


39.5 


16.0 


.8 


13.8 


15.3 


20.6 


6.5 


327.3 


26.3 


Dec. 


182.3 


32.0 


11.7 


.2 


8.3 


10.4 


16.2 


5.1 


266.3 


15.7 


1951-Jan. 


233.3 


33.9 


12.5 


.2 


10.2 


9.5 


22.1 


5.4 


327.1 


35.7 


Feb. 


199.0 


27.8 


7.8 


.4 


.6.7 


9.1 


17.0 


6.2 


274.2 


36.7 


Mar. 


245.7 


30.4 


12.2 


.5 


12.3 


11.4 


22.5 


7.4 


342.5 


51.1 


Apr. 


278.3 


48.9 


12.7 


.5 


9.2 


14.1 


22.2 


7.0 


393.0 


89.7 


May 


273.2 


43.2 


19.7 


.8 


11.6 


18.5 


27.3 


10.5 


404.7 


72.8 


June 


241.5 


39.9 


15.2 


.6 


14.9 


17.0 


23.4 


7.9 


360.4 


37.2 


July 


234.7 


43.3 


19.2 


.6 


19.1 


18.9 


23.5 


11.3 


370.6 


7.9 


Aug. 


229.5 


38.3 


22.3 


.5 


18.2 


17.7 


23.7 


6.6 


356.7 


12.2 


Sept.< 6 > 


211.6 


28.0 


11.7 


.3 


15.0 


15.8 


22.0 


6.5 


311.0 


11.0 


Oct."' 


239.3 


32.6 














344.6 


44.6 


1 * Commenci 


lg April 1, 19 


49, external tr 


ade of Newfoundland is included the use of the armed forces of 


the United Kii 


lgdom. In the 


years 1946 and 


and Canac 


ian trade wit 


a Newfoundla 


nd, formerly in the "All Other" 1947 articles admitted free u 


nder Order in 


Council (9213, 


and the item 


category, c 


isappears. 




"Canadian Goods Returned" 


(9195) are exc 


uded. 




(1) Includes ex 


ports of foreig 


n produce. Ir 


i the case of w 


heat, export fi 


jures (3) 


Consists of Eri« 


, India, Pakist 


an, Burma, Au 


stralia, New Ze 


aland, Iceland, 



(2; 



are based on Board of Grain Commissioners rather than Customs data. 
Excludes defence equipment transferred by Canada to North Atlantic (4) 
Treaty countries which in 1950 and the first 10 months of 1951 amounted (5) 
to 61.8 and 99.6 million dollars respectively. 
Imports from the United Kingdom do not include articles imported for (6) 



Ceylon and Iraq. Egypt is included in All Other. 

Excludes Spain, but includes Greece, Turkey, and British Sudan. 

Includes Egypt, Spain, Palestine, and also Newfoundland until March 31, 

1949. 

Preliminary. (7) Estimates. 



205 



NOVEMBER 19511 



XI— MERCHANDISE IMPOFW 

Compiled from "Trade of Cau 



Millions of Dollars 






















( 








Grains 














Hides 


( 






Fruits 




and 


Sugar 


Tea 


Alcoholic 


Vegetable 


Rubber 




and 


\Y, 






and 


Vegetables 


Milled 


and 


and 


Beverages 


Oils 


(incl. syn- 


Furs 


Leather 








Nuts 




Products 
(incl. rice) 


Products 


Coffee 


(1) 


(non- 
edible) 


thetic) 




(unmfd. 
and mfd.) 


Pn 




Calendar Years 


























1929 


39 


11 


26 


28 


18 


47 


12 


23 


15 


20 






1932 


21 


5 


6 


17 


10 


17 


5 


4 


4 


6 




' 


1937 


29 


6 


18 


21 


14 


8 


16 


19 


8 


12 






1946 


118 


27 


20 


40 


26 


13 


12 


20 


27 


13 






1947 


100 


25 


36 


57 


35 


14 


23 


29 


22 


26 






1948 


91 


8 


31 


72 


42 


16 


19 


32 


25 


19 






1949 


96 


19 


26 


71 


50 


22 


21 


29 


20 


25 






1950 


113 


25 


39 


87 


71 


17 


31 


49 


22 


28 






12-Mths. ending 


























Sept. 1951 


119 


27 


43 


100 


71 


18 


41 


90 


29 


35 




Monthly 


























1950— May 


10.9 


4.1 


3.7 


10.7 


6.5 


1.0 


2.1 


3.1 


2.1 


1.9 






June 


12.2 


4.3 


4.5 


9.1 


5.1 


1.4 


3.2 


2.8 


1.3 


1.7 




■ 


July 


11.3 


2.2 


3.1 


7.6 


5.8 


1.1 


3.9 


2.8 


1.0 


1.4 






Aug. 


10.9 


.3 


4.0 


8.2 


5.6 


1.2 


1.9 


4.1 


1.4 


1.9 






Sept. 


9.1 


.3 


4.5 


7.4 


6.8 


1.5 


2.0 


5.6 


2.2 


2.5 






Oct. 


9.7 


.8 


4.3 


15.0 


8.0 


1.5 


3.7 


4.6 


3.1 


3.2 






Nov. 


10.4 


1.4 


4.7 


11.2 


6.3 


2.3 


3.5 


6.3 


1.9 


3.3 


1 


< 


Dec. 


9.0 


1.7 


6.0 


6.6 


4.7 


2.2 


2.6 


7.2 


1.4 


2.8 






1951— Jan. 


9.3 


2.5 


2.3 


3.8 


6.7 


1.6 


4.0 


11.9 


4.7 


3.7 


1 




Feb. 


8.0 


2.1 


1.9 


1.9 


5.8 


1.3 


2.9 


7.3 


3.1 


3.1 


• 




Mar. 


9.8 


3.1 


2.9 


3.2 


7.4 


1.8 


3.8 


9.9 


2.6 


3.5 


1 




Apr. 


10.1 


3.4 


5.3 


5.9 


6.6 


1.1 


6.6 


7.7 


2.4 


3.6 


1 




May 


10.3 


4.6 


6.2 


10.4 


6.2 


1.0 


5.6 


9.4 


1.6 


2.8 


11 




June 


10.2 


4.7 


3.5 


9.2 


5.1 


1.2 


3.6 


8.0 


1.3 


3.1 


j 


: 


July 


11.7 


2.0 


2.3 


8.4 


5.4 


1.2 


2.4 


6.6 


1.4 


2.6 


1 




Aug. 


11.3 


.6 


2.1 


14.2 


4.6 


1.2 


1.1 


7.1 


.7 


1.5 


11 




Sept. 


8.7 


.5 


2.1 


9.9 


4.3 


1.4 


1.1 


4.0 


4.8 


1.9 


( 






Chemicals 




Pigs. Ingots 


Bars ami 


Sheets, 


Structural 


Castings 


Engines, 


Farm 


Machinery 


M< 






and 


Iron 


Blooms 


Rods incl. 


Plates, 


Iron and 


and 


Loco- 


Implements 


(except 


Ver 






Allied 


Ore 


and 


Rails 


Hoop, Band 


Steel 


Forgings 


motives 


and 


agri- 


a 






Products 




Billets 




and Strip 




and Boilers 


Machinery 


cultural) 


P.' 




Calendar Years 


























1929 


40 


5 


3 


12 


37 


15 


6 


18 


32 


70 






1932 


28 


- 


- 


i 


11 


1 


2 


6 


2 


16 






1937 


37 


5 


1 


5 


37 


4 


3 


11 


17 


46 






1946 


93 


6 


1 


8 


38 


8 


7 


29 


68 


130 


1 




1947 


113 


13 


2 


12 


48 


18 


9 


44 


105 


206 


1 


■ 


1948 


118 


16 


6 


12 


54 


18 


10 


50 


140 


217 


1 




1949 


131 


12 


6 


13 


67 


18 


13 


59 


177 


216 


1 




1950 


158 


17 


5 


11 


66 


16 


10 


55 


162 


226 


2 


l 


12-Mths. ending 


























Sept. 1951 


191 


22 


12 


22 


102 


32 


12 


75 


183 


311 


2 


l 


Monthly 


























1950— May 


15.1 


.8 


.3 


.7 


6.2 


1.4 


.9 


6.4 


20.1 


21.8 


21 




June 


14.5 


2.0 


.2 


1.1 


5.7 


1.3 


.7 


4.9 


15.8 


19.0 


26 




July 


12.6 


2.5 


.4 


.9 


5.6 


1.3 


.7 


6.3 


13.0 


18.3 


21 


i 


Aug. 


12.8 


2.5 


.4 


.7 


5.3 


1.2 


.7 


4.4 


13.7 


17.3 


1! 




Sept. 


13.6 


3.3 


.7 


1.0 


6.3 


1.5 


1.0 


3.7 


8.9 


17.3 


2C 


1 


Oct. 


14.8 


2.9 


.4 


1.7 


7.4 


1.8 


.8 


4.8 


9.6 


22.0 


23 




Nov. 


16.2 


2.2 


1.2 


1.5 


7.9 


1.8 


1.3 


4.3 


9.4 


21.9 


24 




Dec. 


11.9 


.5 


.8 


1.0 


5.6 


1.5 


.9 


4.2 


8.6 


19.0 


19 




1951— Jan. 


17.6 


_ 


1.0 


1.6 


7.4 


2.0 


.8 


6.3 


12.2 


25.7 


25 




Feb. 


14.0 


- 


.9 


1.1 


6.3 


1.7 


.6 


5.6 


13.5 


20.8 


24 




Mar. 


17.4 


- 


1.9 


1.3 


8.6 


2.0 


.8 


7.1 


16.5 


26.0 


28 




Apr. 


18.8 


.4 


.9 


1.9 


10.6 


2.9 


1.1 


8.4 


21.2 


29.9 


34 




May 


18.5 


1.3 


.8 


1.8 


9.7 


4.0 


1.3 


7.6 


21.5 


31.8 


30 




June 


15.5 


3.2 


.8 


2.2 


9.9 


3.2 


1.0 


6.6 


18.0 


29.4 


26 




July 
Aug. 


16.9 
15.3 


3.7 
4.1 


.8 
1.8 


2.2 
2.3 


10.4 
9.4 


3.8 
3.5 


1.4 
1.2 


6.9 
5.7 


18.8 
19.6 


31.0 
27.7 


23 
15 




Sept. 


14.1 


3.3 


1.0 


3.1 


9.3 


4.0 


1.2 


7.8 


14.2 


26.0 


4 




(1) Before 1935 import 


totals are sut 


stantially ov 


er-valued ow 


ng to inclusic 


n of U.K. ex 


:ise taxes on 


spirits import 


ed from that 


country. 


t Imp 


)rts fro 




in Council (9213) ari 


d the item " 


Canadian Go 


ods Returnee 


" (9195) are 


excluded. 

















NOVEMBER 1951 



206 



MMODITY CLASSIFICATION 
















Inior 


Bureau of Statistics 




















old) 






















Millions of Dollars 


Cotton 


Silk 

(raw and 

mfd.) 


Wool 


Artificial 
Silk 


Flax, Hemp 
and Jute 


Other 
Textiles 


Paper 


Books and 
Printed 
Matter 


Other Wood 
and Wood 
Products 




ind 

fd. 


Mfd. 


Raw and 
Unmfd. 


Mfd. 




i 


34 


29 


10 


40 


13 


15 


30 


15 


18 


30 


Calendar Years 
1929 


i 


13 


10 


5 


11 


3 


6 


12 


7 


10 


6 


1932 


i 


20 


8 


16 


19 


4 


11 


16 


8 


14 


12 


1937 


> 


75 


4 


30 


35 


22 


23 


31 


19 


31 


20 


1946 


L 


119 


7 


30 


54 


34 


38 


46 


23 


32 


35 


1947 


r 


78 


4 


48 


67 


30 


27 


39 


17 


31 


25 


1948 


' 


73 


6 


37 


63 


30 


20 


37 


20 


36 


30 


1949 




67 


8 


55 


52 


21 


26 


45 


23 


43 


34 


1950 


i 


89 


9 


106 


70 


36 


32 


63 


32 


49 


50 


12-Mths. ending 
Sept. 1951 


1 


5.7 


.5 


4.2 


4.2 


1.6 


2.6 


4.0 


2.1 


3.7 


2.7 


Monthly 
May— 1950 




4.9 


.6 


5.1 


4.3 


1.4 


2.0 


3.0 


1.9 


3.2 


3.1 


June 




5.0 


.6 


4.9 


4.0 


1.4 


2.6 


3.0 


1.8 


3.2 


2.8 


July 


1 


5.0 


.5 


5.5 


4.7 


1.7 


1.4 


3.2 


1.8 


3.6 


2.9 


Aug. 


I 


4.8 


.6 


4.5 


4.2 


1.7 


2.3 


3.7 


1.9 


3.8 


2.9 


Sept. 




6.1 


.8 


5.2 


5.0 


2.1 


2.2 


4.8 


2.2 


4.2 


3.6 


Oct. 


1 


6.5 


.9 


6.0 


4.4 


2.4 


2.4 


4.7 


2.5 


4.1 


3.4 


Nov. 


1 


5.5 


.8 


6.0 


3.9 


2.0 


1.7 


3.5 


2.2 


3.4 


2.7 


Dec. 




9.8 


1.1 


6.6 


6.2 


3.1 


2.5 


5.3 


2.8 


4.2 


3.8 


Jan.— 1951 




8.6 


.8 


7.4 


5.9 


2.5 


1.3 


4.7 


2.6 


3.4 


3.9 


Feb. 




9.5 


.8 


8.6 


5.8 


3.5 


2.2 


6.4 


3.1 


4.1 


5.0 


Mar. 




11.9 


.7 


13.2 


9.0 


4.9 


2.8 


6.6 


3.0 


4.7 


5.0 


Apr. 




8.2 


.6 


9.7 


6.6 


4.0 


2.6 


6.8 


2.8 


4.2 


5.0 


May 




6.2 


.6 


9.9 


5.5 


3.2 


4.0 


4.8 


2.6 


3.8 


5.3 


June 




6.5 


.6 


14.8 


6.6 


3.1 


4.9 


4.9 


2.7 


4.1 


4.9 


July 




6.3 


.6 


11.6 


6.5 


2.8 


2.8 


4.9 


2.8 


4.4 


4.3 


Aug. 




4.3 


5 


6.6 


5.0 


2.2 


2.2 


5.5 


2.6 


4.5 


3.5 


Sept. 


■I 


Bauxite 
Ore 


Tin 

and 
Products 


Electrical 

Apparatus 


Other 

Non-ferrous 

Metals 


Coal 

and 

Products 


Petroleum 

and 
Products 


Glass 


Other 
Non- 
metallic 
Minerals 


All 
Other 

Imports 


Totalf 
Imports 




D 


3 


3 


37 


48 


64 


77 


11 


35 


75 


1,299 


Calendar Year* 
1929 


1 


2 


1 


8 


11 


35 


43 


5 


13 


33 


453 


1932 


3 


4 


3 


16 


25 


42 


59 


9 


27 


48 


809 


1937 


) 


9 


6 


48 


58 


133 


123 


23 


53 


119 


1,864 


1946 


J 


9 


7 


69 


77 


154 


207 


29 


63 


159 


2,570 


1947 


.1 


10 


8 


62 


76 


206 


301 


26 


73 


115 


2,636 


1948 


:i 


10 


8 


70 


87 


157 


274 


25 


79 


157 


2,760 


1949 


:u 


10 


10 


83 


113 


190 


307 


28 


86 


171 


3,173 


1950 


i ^ 


14 


17 


115 


139 


192 


359 


33 


101 


280 


4,054 


12-Mths. ending 
Sept. 1951 


^ 


.6 


.6 


7.2 


8.4 


18.1 


29.6 


2.7 


7.9 


14.1 


290.2 


Monthly 
May— 1950 


11 


.9 


.9 


6.8 


8.5 


18.1 


29.1 


2.3 


7.7 


13.7 


282.4 


June 


} 


1.1 


.5 


5.7 


8.1 


16.1 


27.0 


2.2 


8.0 


13.5 


259.5 


July 




.9 


1.1 


6.4 


7.6 


18.3 


28.6 


2.2 


7.9 


16.6 


267.3 


Aug. 


. i 


1.7 


1.2 


6.5 


12.1 


19.5 


33.0 


2.3 


7.7 


15.0 


279.7 


Sept. 


i 


1.5 


1.2 


8.0 


11.2 


21.2 


33.1 


2.7 


9.8 


17.5 


320.5 


Oct. 


>l 


1.7 


1.9 


8.3 


12.1 


19.8 


31.5 


3.0 


9.8 


18.2 


327.3 


Nov. 


; J 


.5 


.8 


7.2 


10.7 


13.2 


27.4 


2.3 


6.3 


14.2 


266.3 


Dec. 




.6 


1.1 


9.5 


11.3 


14.0 


27.1 


2.8 


7.3 


18.7 


327.1 


Jan.— 1951 




.5 


1.5 


7.8 


9.5 


13.1 


20.1 


2.2 


6.2 


16.4 


274.2 


Feb. 


.! J 


.5 


2.3 


10.4 


14.4 


10.5 


23.7 


28 


7.3 


20.7 


342.5 


Mar. 


'. ') 


.8 


1.9 


11.4 


11.7 


12.7 


25.1 


3.4 


9.9 


26.4 


393.0 


Apr. 


2) 


1.2 


2.0 


11.0 


14.0 


16.8 


34.2 


3.1 


10.3 


29.0 


404.7 


May 


! ) 


1.4 


.8 


10.3 


12.5 


17.8 


30.1 


2.7 


10.6 


26.9 


360.4 


June 


111 


1.4 


1.7 


9.9 


11.1 


17.0 


38.6 


2.9 


11.0 


27.2 


370.6 


July 


!i 


1.8 


1.3 


11.2 


12.9 


18.6 


34.4 


2.6 


2.6 


40.2 


356.7 


Aug. 


>i 


2.5 


1.0 


9.7 


7.7 


16.8 


33.5 


2.4 


9.8 


24.4 


311.0 


Sept. 


btjCinj 


dom do not 


include articl 


es imported : 


or the use oi 


the armed f 


orces of the 1 


Jnited Kingc 


om. In the 


years 1946 a 


nd 1947 arti 


cles free under Order in 



TATISTICAL SUMMARY 

BANK OF CANADA 



Tables 



Charts 



Pages 



I Bank of Canada: 

Liabilities and Assets 207 - 208 

General Public Holdings of Certain Liquid Assets .... 207 

Factors Affecting General Public Holdings of Certain Liquid Assets 208 

II Chartered Banks: 

Liabilities and Assets 209 - 210 

III General Public Holdings of Certain Liquid Assets 209 - 210 

IV Government Bond Yields and Treasury Bill Rates 211 

Yields of Government Bonds: Canada, U.K. and U.S.A. . . . 211 

V Government Bond Yields: Canada, U.K. and U.S.A. .... 212 

VI Official Holdings of Gold and U.S. Dollars 212 

VII Foreign Exchange Rates 213 

United States Dollar in Canadian Funds 213 

VIII Consumer Credit Outstanding 214 

Consumer Credit Outstanding 214 

IX Business Activity 215 

X Newsprint: North America 215 

XI Wholesale Prices 216 

XII Cost of Living 216 

XIII Public Finance: Municipalities 

Outstanding Debt 217 

Current Revenue and Expenditure 218 

XIV Earnings and Hours Worked in Certain Industries 219 - 220 

Earnings and Hours Worked in Certain Industries .... 220 

XV Merchandise Exports: Commodity Classification 221 - 222 

XVI Merchandise Trade: Exports and Imports by Countries .... 223 

Merchandise Trade: Exports, Imports and Balance .... 224 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 



Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



DECE 



207 



DECEMBER 1951 



Millions of Dollars 



l—BM 













LIABILITIES 










Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other 
Deposits 


Foreign 
Currency 
Deposits <" 


Active 
B. of C. 

Note 
Circulation 


All 

Other 

Accounts 


Tott 

I.iabi :i 
c 

Ass i 




Notes 
in Tills 


Deposits 

at 
B.of C. 


Total 


Average of 




















Month-end Figures 




















1935—10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


2! 


1937—12 Mths. 


40.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


3' 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


4- 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,8' 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,8! 


1947 


152.8 


512.0 


664.7 


140.7 


65.8 


1,3 


1,009.1 


38.1 


1,9 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,9' 


1949 


180.8 


567.7 


748.4 


98.4 


79.9 


57.4 


1,086.8 


38.7 


2,1( 


1950 


192.3 


561.6 


753.9 


41.9 


206.2 


101.4 


1,100.9 


37.8 


2,2- 


End of 




















1950— Aug. 


220.2 


568.2 


788.3 


16.7 


233.1 


106.2 


1,083.6 


36.9 


2,2i 


Sept. 


179.3 


555.8 


735.1 


22.0 


258.2 


89.6 


1,139.1 


38.6 


2,2! 


Oct. 


211.8 


621.7 


833.5 


39.0 


235.2 


143.3 


1,110.0 


48.3 


2,41 


Nov. 


204.1 


578.8 


782.9 


45.3 


221.0 


149.7 


1,119.4 


56.3 


2,3' 


Dec. 


231.3 


578.6 


809.9 


24.7 


207.1 


133.6 


1,136.1 


39.0 


2,3: 


1951— Jan. 


219.6 


537.6 


757.3 


68.3 


204.4 


136.0 


1,074.8 


53.3 


2,2! 


Feb. 


202.8 


550.5 


753.3 


69.5 


204.6 


128.9 


1,092.6 


39.8 


2,21 


Mar. 


185.1 


552.9 


738.0 


70.5 


206.7 


88.5 


1,134.4 


28.7 


2,21 


Apr. 


203.1 


556.1 


759.2 


56.9 


215.1 


137.7 


1,119.9 


58.9 


2,3' 


May 


214.8 


530.1 


744.8 


76.2 


221.5 


129.9 


1,122.7 


38.8 


2,3: 


June 


177.1 


590.7 


767.8 


75.3 


220.1 


132.8 


1,174.2 


32.2 


2,4( 


July 


226.0 


558.2 


784.2 


91.1 i 


212.6 


146.7 


1,144.5 


56.2 


2,4: 


Aug. 


189.7 


580.4 


770.1 


115.0 


185.7 


143.0 


1,181.0 


62.8 


2,4: 


Sept. 


195.2 


579.4 


774.6 


105.6 


140.0 


116.3 


1,192.8 


38.5 


2,31 


Oct. 


232.2 


588.3 


820.6 


210.3 


83.3 


102.1 


1,174.3 


62.9 


2,4! 


Nov. 


195.1 


633.8 


828.9 


66.0 


92.5 


135.1 


1,212.1 


54.4 


2,3! 



(1) Includes foreign exchanRe items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March31, 1949. ■*■ May 1940 ands 
gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to the Foreign Exchange Control . 

GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETS 

eiLLIONS OF DOLLARS BILLIONS OF DOLLARS 



*•■ 




* Total Currency and Active Bank Deposits plus Inactive Notice Deposits and Government of Canada Securities; see table and footnotes on 

pages 209-210. 
t See table and footnotes on page 209, 



DECEMBER 1951 
CANADA 



208 

Millions of Dollars 







ASSETS 










Silver 


Foreign*" 
Exchange 


Securities 


Advances 


All 

Other 

Accounts 




jld 


Govt, of Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 

Securities 


Total 






Under 2 yrs. 


Over 2 yrs. 
























Average of 






















Month-end Figures 


1.2 


1.4 


7.6 


27.4 


95.6 


/23 - 


- 


123.0 


3.4 


3.9 


1935—10 Mths. 


2.0 


2.5 


19.0 


59.7 


97.7 


'57 - 


6.5 


163.9 


- 


5.9 


1937—12 Mths. 


3.8 


- 


41.7 

• 


142.8 

• 


46.2 
• 


l«? - 


— 


189.1 

• 


.2 


6.7 


1939 




- 


173.9 


1,028.5 


595.9 


14*4 10.0 


- 


1,634.4 


.5 


31.8 


1945 




- 


27.3 


1,247.3 


583.4 


iSioll.7 


- 


1,842.4 


- 


29.1 


1946 




- 


1.5 


1,116.5 


756.6 


197318.3 


- 


1,891.5 


.3 


26.5 


1947 




- 


.4 


1,133.3 


787.7 


■^25.0 


- 


1,946.0 


- 


26.7 


1948 




- 


53.1 


1,421.8 


571.9 


W 4 25.0 


4.3 


2,023.0 


- 


33.4 


1949 




- 


110.2 


1,503.3 


467.8 


/f 7/25.0 


100.5 


2,096.6 


— 


35.4 


1950 

End of 




- 


161.5 


1,420.4 


569.2 


l?f"25.0 


60.3 


2,074.9 


- 


28.5 


Aug.— 1950 




- 


212.3 


1,406.1 


444.6 


'&S'25.0 


170.0 


2,045.6 


- 


24.7 


Sept. 




- 


152.5 


1,381.4 


435.7 


121725.O 


360.7 


2,202.9 


- 


54.0 


Oct. 




- 


127.4 


1,170.0 


662.0 


im25.0 


328.1 


2,185.1 


- 


62.1 


Nov. 




- 


111.7 


1,229.3 


712.5 


1*4225.0 


247.9 


2,214.7 


- 


24.0 


Dec. 




- 








25.0 






- 








- 


118.1 


1,171.0 


731.5 


l^oi 


200.3 


2,127.7 


- 


48.2 


Jan. — 1951 




- 


117.5 


1,165.4 


757.0 


1^25.0 


168.7 


2,116.1 


- 


55.1 


Feb. 




- 


80.2 


1,341.9 


673.7 


2*1*25.0 


114.4 


2,155.1 


- 


31.6 


Mar. 




- 


129.0 


1,327.6 


722.5 


Me 25.0 


70.6 


2,145.7 


- 


73.0 


Apr. 




- 


125.4 


1,313.7 


777.3 


;^i25.0 


45.3 


2,161.3 


- 


47.4 


May 




- 


117.0 


1,335.2 


846.3 


l>ti25.0 


58.8 


2,265.4 


- 


20.1 


June 




- 


117.0 


1,327.4 


872.5 


22*o25.0 


51.4 


2,276.3 


- 


41.9 


July 




- 


100.1 


1,349.6 


888.1 


•^25.0 


44.1 


2,306.9 


- 


50.6 


Aug. 




- 


87.1 


1,297.6 


896.1 


*•!?} 25.0 


31.2 


2,249.9 


- 


30.8 


Sept. 




- 


96.6 


1,317.5 


956.4 


2^425.0 


8.2 


2,307.1 


- 


49.7 


Oct. 




— 


128.9 


1,137.8 


1,043.1 


2.'^ 125.0 


18.8 


2,224.6 


" 


35.4 


Nov. 



3 give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order, 
hat date the Bank's minimum gold reserve requirement has been suspended. 



Under these orders the Bank's 



FACTORS AFFECTING GENERAL PUBLIC HOLDINGS OF CERTAIN LIQUID ASSETS 

BILLIONS OF DOLLARS BILLIONS OF DOLLARS 




D M J S D 

* See table and footnotes on page 210 



209 



DECEMBER 1951 



Millions of Dollars 



II— CHAI 

Bk 





LIABILITIES 






Notes 


Deposits 


Cash 
in (3i 
Canada 


Securities 




Demand 


Notice 


Govt, of 

Canada 

and Prov. 


Canadian 
Deposits 

en 


Foreign 


Total 
Deposits 

(2) 


Govt, of 
Canada 


Prov- 
incial 


Foreign n 
Govt. 


As at Dec. 31 
























1929 


175 


729 


1,434 


92 


2,270 


442 


2,820 


228 


297 


151 


1932 


127 


466 


1,378 


72 


1,928 


329 


2,306 


211 


562 


216 


1937 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


1,111 


59 \ 


1948 


16 


2,544 


4,057 


426 


7,099 


811 


8,002 


738 


2,959 


476 


242 i 


1949 


14 


2,426 


4,433 


367 


7,348 


730 


8,177 


753 


3,112 


445 


242 I 


1950 


_(«) 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 I 


End of 
























1950 -Sept. 


- 


2,709 


4,582 


306 


7,659 


709 


8,569 


735 


3,188 


424 


230 I 


Oct. 


- 


2,822 


4,559 


358 


7,887 


706 


8,724 


834 


3,173 


404 


201 { 


Nov. 


- 


2,824 


4,543 


452 


7,995 


716 


8,845 


783 


3,081 


416 


205 


Dec. 


- 


2,770 


4,558 


500 


7,997 


735 


8,867 


810 


3,079 


416 


193 I 


1951— Jan. 


_ 


2,638 


4,577 


533 


7,884 


724 


8,739 


757 


3,054 


401 


188 f 


Feb. 


- 


2,612 


4,618 


445 


7,841 


734 


8,702 


753 


2,887 


398 


190 f 


Mar. 


- 


2,487 


4,614 


523 


7,753 


719 


8,625 


738 


2,801 


373 


210 ( 


Apr. 


- 


2,725 


4,598 


360 


7,856 


749 


8,742 


759 


2,742 


36S 


208 1 


May 


- 


2,692 


4,589 


405 


7,829 


747 


8,718 


745 


2,720 


370 


190 1 


Tune 


- 


2,578 


4,559 


455 


7,697 


763 


8,618 


768 


2,681 


366 


192 I 


July 


- 


2,675 


4,580 


403 


7,809 


753 


8,705 


784 


2,696 


356 


195 


Aug. 


- 


2,675 


4,583 


409 


7,799 


808 


8,775 


770 


2,679 


355 


210 


Sept. 


- 


2,651 


4,595 


391 


7,724 


769 


8,674 


775 


2,734 


353 


208 


Oct. 


- 


2,907 


4,575 


270 


7,913 


784 


8,833 


821 


2,726 


342 


226 


Nov. 


— 


2,936 


4,616 


276 


8,015 


784 


8,927 


829 


2,744 


357 


214 i 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. (3) Until March 1935: Gold and Coin in Canada, 

end Canadian deposits in 1926-3S and monthly average deposits in 1936 and after. (5) Bank of Canada notes in public circulation and until January 1950 cl 
January 1950: liability for outstanding notes issued for circulation in Canada transferred to Bank of Canada during January 1950. 



I 



! 



Ill 



GENERAL PUBLIC HOLDI 
Currency, Bank Deposits 



Millions of Dollars 



E 



Currency and Active Bank Deposits 



Currency 
Outside Banks 



Notes* 1 > 



Coin") 



Total 



Active Bank Deposits 



Chartered Banks 



Demand 



Active (4> 
Notice 



Other") 

excl. 

Govt. 

of Canada 



Total 



Deduct") 
Float 



Net 
Total 



(V) 

Bank of 
Canada 
"Other" 
Deposits 



Total 



T 

Cui 

£ 

A< 

B 

De| 



i 



As at Dec. 31 
1948 
1949 

1950 
End of 
1950— Sept. 
Oct. 
Nov. 
Dec. 

1951— Jan. 
Feb. 
Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept 
Oct. 
Nov. 



1,115 
1,110 
1,136 

1,139 
1,110 
1,119 
1,136 

1,075 
1,093 
1,134 
1,120 
1,123 
1,174 
1,145 
1,181 
1,193 
1,174 
1,212 



70 
74 
78 

77 
77 
77 



76 
76 
78 
78 
79 
81 
80 
81 
82 
82 
84 



1,185 
1,184 
1,214 

1,216 
1,187 
1,196 
1,214 

1,151 

1,169 
1,212 
1,198 
1,202 
1,255 
1,225 
1,262 
1,275 
1,256 
1,296 



2,544 
2,426 
2,770 

2,709 
2,822 
2,824 
2,770 

2,638 
2,612 
2,487 
2,725 
2,692 
2,578 
2,675 
2,675 
2,651 
2,907 
2,936 



649 
682 
697 

699 
695 
694 
697 

702 
709 
711 
709 
707 
707 
709 
712 
715 
713 
712 



276 
338 
413 

389 
437 
419 
413 

395 

415 
428 
429 
398 
385 
396 
381 
371 
380 
398 



3,469 
3,446 
3,880 

3,797 
3.954 
3,937 
3,880 

3,735 
3,736 
3,626 
3,863 
3,797 
3,670 
3,780 
3,768 
3,737 
4,000 
4,046 



400 
335 
450 

352 
451 
476 
450 

402 
448 
376 
499 
467 
395 
468 
497 
387 
544 
552 



3,069 
3,111 
3,430 

3,445 
3,503 
3,461 
3,430 

3,333 
3,288 
3,250 
3,364 
3,330 
3,275 
3,312 
3,271 
3,350 
3,456 
3.494 



81 
127 
207 

258 
235 
221 
207 

204 
205 
207 
215 
222 
220 
213 
186 
140 
83 
92 



3,150 
3,238 
3,637 

3,703 
3,738 
3,682 
3,637 

3,537 
3,493 
3,457 
3,579 
3,552 
3,495 
3,525 
3,457 
3,490 
3,539 
3,586 



4 
4 

., 

4 
4 

410 



4 
4 

41 
4 

4 
4 
4 
4 

4* 



4 
4 



■fa The term General Public refers to holdings of non-residents as well as 
residents; for an approximate division between resident and non-resident 
holdings see Table III. page 185. 
+ Chartered banks' Newfoundland branch statistics are included as from 
April 1st. 1919. 

*-*The whole of the increase or decrease in Canada's foreign exchange reserves 
is embodied in the related factors in this table; to the extent that such 
changes do not appear in the column "Bank of Canada Gold and Exchange 
Holdings (net)" they affect changes in "Government of Canada Direct 
and Guaranteed Funded Debt." 

(1) Note Circulation of Bank of Canada and. prior to 1950, of the chartered 
banks; excluding notes held by chartered banks. 



(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada and 
chartered banks in Canada. 

(3) Chartered banks' public demand deposits in Canada. 

(4) Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts and 
non-personal notice deposits. 

(5) Chartered banks' Canadian dollar deposits of provincial governments, 
and of Canadian. United Kingdom, and foreign banks. 

(6) Cheques on other banks as shown in chartered bank month-end returns 
to the Minister of Finance. 

(7) Other Deposits with the Bank of Canada as shown in published month-end 
statements — i.e. excluding Government of Canada, chartered bank and 
foreign currency deposits. 



DECEMBER 1951 
) BANKS 

ada 



\SSETS 




Loans 








CANADA 




ABROAD 


Total 

Assets 


tal 












Call 


Current 


Current 


Call 


Current 








Public 


Other 








148 


262 


1,403 


122 


245 


251 


3,521 


r78 


103 


964 


140 


91 


152 


2,852 


111 


76 


749 


113 


60 


166 


3,281 


!68 


101 


2,077 


71 


78 


240 


8,580 


145 


133 


2,174 


97 


70 


211 


8,718 


!86 


134 


2,651 


125 


100 


247 


9,496 


136 


101 


2,352 


121 


110 


233 


9,162 


149 


115 


2,449 


116 


117 


230 


9,323 


E80 


164 


2,611 


126 


96 


234 


9,450 


186 


134 


2,651 


125 


100 


247 


9,496 


:48 


118 


2,671 


124 


113 


252 


9,379 


93 


109 


2,736 


136 


114 


256 


9,354 


86 


94 


2,856 


152 


96 


252 


9,284 


24 


87 


2,886 


161 


97 


271 


9,403 


86 


92 


2,896 


170 


99 


281 


9,370 


38 


82 


2,898 


164 


110 


281 


9,256 


40 


84 


2,890 


153 


112 


285 


9,323 


32 


90 


2,912 


161 


119 


262 


9,378 


76 


107 


2,901 


144 


131 


273 


9,276 


76 


111 


2,893 


141 


82 


290 


9,440 


94 


96 


2,975 


149 


90 


285 


9,544 


es an 


i "Free" Con 


tral Gold Re 


serve Deposi 


3: after that 


date: Bank 


af Canada Nc 


lote c 


lrculation, th 


e latter being 


;, after Septe 


mber 1944, a 


n approximat 


e figure only. 



210 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in (3) 
Canada 


Deposits 


Canadian 


Note ( 5 ) 




«) 


Deposits 


Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


711 


6,547 


10.9 


1,053 


1948 


746 


7,178 


10.4 


1,087 


1949 


755 


7,487 


10.1 


1,085 


1950 


734 


7,557 


9.7 


1,096 


Sept.— 1950 


812 


7,786 


10.4 


1,107 


Oct. 


779 


7,881 


9.9 


1,111 


Nov. 


792 


7,847 


10.1 


1,131 


Dec. 


802 


7,890 


10.2 


1,079 


Jan. — 1951 


728 


7,766 


9.4 


1,083 


Feb. 


748 


7,655 


9.8 


1,103 


Mar. 


770 


7,734 


10.0 


1,106 


Apr. 


756 


7,731 


9.8 


1,110 


May 


768 


7,702 


10.0 


1,125 


June 


807 


7,761 


10.4 


1,139 


July 


795 


7,686 


10.3 


1,141 


Aug. 


805 


7,680 


10.5 


1,152 


Sept. 


804 


7,743 


10.4 


1,164 


Oct. 


867 


7,874 


11.0 


1,174 


Nov. 



CERTAIN LIQUID ASSETS*t 

Irnment of Canada Securities 



nd Deposits. (4) Figures given are averages of estimated month- 

(6) Notes issued for circulation outside Canada only commencing in 



Millions of Dollars 







Govt, of 

Canada 

Securities 

(9)(10)(12) 


Total 


Related Factors** 




j ive 


Govt, of Canada Direct and Guaranteed Funded Debt<»> 


Banks" 3 ' 
Loan 

&Non- 
Govt. 
Invest- 
ments 


Bk.ofCan 
Gold and 
Exchange 
Holdings 
(Net) 


Deduct 

All 

Other 

(Net) 

(U) 




■ red 


Held by Bk. of Can. & Ch. Bks. 


Held by Other Investors 






h. 

:e 
its 


Total 

(10) 


Deduct <"> 
Govt, of 
Canada 
Deposits 


Net 
Total 


Total 


Deduct 
Securities 
held by all 
Govt.Accts 


Net 
Total 




I 


8 
1 
1 

I 

1 
3 
I 

5 
* 

i 
I 
> 

t 
> 

> 

> 


10,249 

9,902 

10,066 

10,017 

9,963 

10,181 

10,066 

10,096 
10,072 
10,019 
9,962 
9,899 
9,805 
9,733 
9,672 
9,574 
9,514 
9,494 


17,992 
18,075 
18,778 

18,819 
18,752 
18,909 
18,778 

18,659 
18,643 
18,591 
18,627 
18,534 
18,407 
18,354 
18,263 
18,219 
18,171 
18,280 


4,972 
5,121 
5,021 

5,039 
4,990 
4,913 
5,021 

4,956 
4,809 
4,817 
4,792 
4,811 
4,863 
4,896 
4,917 
4,928 
5,000 
4,925 


320 

181 
280 

1 
108 
253 
280 

344 
266 
295 
161 
226 
252 
248 
276 
213 
261 
130 


4,652 
4,940 
4,741 

5,038 
4,882 
4,660 

4,741 

4,612 
4,543 
4,522 
4,631 
4,585 
4.Q11 
4,648 
4,641 
4,7 15 
4,739 
4,795 


11,506 
10,698 
10,913 

10,832} 

10,801 
11,043 
10,913 

10,944 
10,918 
10,864 
10,815 
10,763 
10,680 
10,617 
10,575 
10,493 
10,446 
10,460 


1,247 
796 
847 

815 
838 
862 
847 

848 
846 
845 
853 
864 
875 
884 
903 
919 
932 
966 


10,249 

9,902 

10,066 

10.017J 

9,963 

10,181 

10,066 

10,096 
10,072 
10,019 
9,962 
9,899 
9,805 
9,733 
9,672 
9,574 
9,514 
9,494 


3,341 
3,419 
3,950 

3,618 
3,681 
3,921 
3,950 

3,943 
4,022 
4,101 
4,133 
4,159 
4,133 
4,101 
4,131 
4,112 
4,095 
4,181 


226 

293 
370 
306 
226 

182 
157 
106 
62 
41 
43 
22 

1 
1 

11 


250 
186 
205 

147 
144 
159 
205 

174 
151 
157 
161 
150 
185 
150 
181 
183 
178 
201 


As at Dec. 3 1 
1948 
1949 
1950 
End of 
Sept.-1950 
Oct. 
Nov. 
Dec. 

Jan.— 1951 

Feb. 

Mar. 

Apr. 

May 

June 

July 

Aug. 

Sept. 

Oct. 

Nov. 




(8) 

(9) 

10) 


Estimated a 
personal sav 
Canada. 
Direct and g 
debt include 
of sinking fi 
total unma 
the Governr 
pay securit 
September i 
Chartered b 
with the pu 
166, 261, V 


ggregate mil 
ings deposits 

uaranteed sec 
s both matui 
ind holdings; 
ured issues 
nent of Cana 
es have bee 

0, 1950. and 
anks' tempor 
rchase of Vic 

1. and 411 


limum quart 
in Canada p 

urities (incluc 
ed and unm: 
guaranteed < 
outstanding; 
da has been 
n valued at 
at market ra 
ary advances 
tory Loan Be 
n the years 


erly balance 
lus non-pers 

ingrefundab 
tured issues 
lebt is incluc 
Newfoundk 
ncluded sine 
official mid 
tes thereafte 
to the gener 
nds at time 
1942 to 194. 


3 in charteri 
>nal notice d 

le taxes) at p; 
outstanding, 
ed on the ba 
nd debt ass 
5 June 1949. 
rates of exc 
r. 

il public in c 
of issue, amo 
> inclusive, r 


■d banks' 
eposits in 

ir. Direct 
exclusive 
sis of the 
umed by 
Foreign 
hange to 

jnnection 
unting to 
ave been 


includ 
holdin 

(11) Canac 
banks 

(12) Holdi 
and G 

(13) Allloa 
in cor 
of pre 
holdin 

(14) Net of 
X Exclu 

issue : 


ed in bank 1 
gs of the ger 
ian dollar c 
and Bank o 
lgs of all in' 
overnment o 
ns in Canada 
nection with 
>vincial, mui 
gs of Indust 
all related as 
ies $50 milli 
ailing due or 


loldings of C 
eral public, 
eposits of t 
Canada. 
restors other 
f Canada ace 
of the charte 
Victory Lo 
licipal and ' 
'ial Developr 
set and liabil 
Dn (U.S. fun 
i October 1st 


rovernment s 

le Governm 

than Bank 
ounts. 

red banks ot 
in issues, pi 
'other" secu 
nent Bank C 
ty items not 
is) borrowed 


ecurities an 
:nt of Can: 

of Canada, 

ler than ten 
is charterec 
rities, and 
apital stock 
shown elsew 
in New Yc 


d deducted from 

ida at chartered 

chartered banks 

lporary advances 

banks' holdings 

Bank of Canada 

here in this table. 
>rk to redeem an 



211 



DECEMBER 1951 



IV— GOVERNMENT BOND YIELDS AND TREASURY BILL RATES 

Bank of Canada 





Government of Canada 


L 






Theoreticals* 






15th of Each Month 




15 Yr. 


9 Yr. 


5 Yr. 


2 Yr. 




Bond 


Bond 


Bond 


Bond 


Annual Average 










1947 


2.57 


2.25 


1.75 


1.43 


1948 


2.93 


2.72 


2.27 


1.44 


1949 


2.83 


2.64 


2.24 


1.66 


1950 


2.78 


2.67 


2.22 


1.81 


195] 


3.24 


3.18 


2.69 


2.37 


Monthly 










1950— June 


2.73 


2.59 


2.10 


1.74 


July 


2.77 


2.67 


2.14 


1.77 


Aug. 


2.75 


2.64 


2.15 


1.74 


Sept. 


2.71 


2.62 


2.17 


1.76 


Oct. 


2.75 


2.68 


2.22 


1.83 


Nov. 


2.88 


2.84 


2.42 


2.02 


Dec. 


2.99 


2.97 


2.55 


2.17 


1951— Jan. 


3.02 


3.00 


2.63 


2.26 


Feb. 


3.02 


3.00 


2.60 


2.27 


Mar. 


3.25 


3.21 


2.89 


2.70 


Apr. 


3.24 


3.20 


2.75 


2.48 


May 


3.24 


3.18 


2.62 


2.28 


June 


3.25 


3.15 


2.62 


2.35 


July 


3.23 


3.16 


2.64 


2.38 


Aug. 


3.24 


3.16 


2.64 


2.36 


Sept. 


3.24 


3.17 


2.66 


2.34 


Oct. 


3.26 


3.18 


2.68 


2.40 


Nov. 


3.38 


3.32 


2.78 


2.38 


Dec. 


3.50 


3.41 


2.82 


2.26 



Long Term 




Market Yields 


Average of Business Days 


Canada (1) 


U.K.<« 


U.S.A. < 3 > 


2.59 


2.61 


2.20 


2.93 


2.82 


2.41 


2.85 


2.93 


2.24 


2.77 


3.19 


2.24 


3.21 


3.49 


2.58 


2.73 


3.14 


2.25 


2.77 


3.23 


2.26 


2.75 


3.21 


2.26 


2.70 


3.14 


2.29 


2.77 


3.05 


2.31 


2.87 


3.05 


2.32 


2.97 


3.12 


2.35 


3.01 


3.12 


2.32 


3.01 


3.26 


2.33 


3.17 


3.28 


2.48 


3.21 


3.35 


2.59 


3.20 


3.43 


2.69 


3.24 


3.55 


2.70 


3.21 


3.53 


2.66 


3.22 


3.53 


2.58 


3.24 


3.54 


2.57 


3.26 


3.57 


2. 65 


3.32 


3.71 


2.69 


3.45 


4.01 


2.71 



Tender Rates on 3 Month 
Treasury Bills 



Tender nearest 15th of Month 



Canada 



.406 
.411 
.485 
.552 
.796 

.512 
.512 
.546 
.615 
.623 
.624 
.626 

.626 
.728 
.755 
.755 
.755 
.754 
.771 
.786 
.880 
.927 
.916 
.894 



U.K. 



U.S.A. 



.507 


.592 


.509 


1.037 


.521 


1.096 


516 


1.215 


.583 


1.555 


.514 


1.177 


512 


1.168 


513 


1.173 


.514 


1.311 


514 


1.337 


513 


1.380 


519 


1.351 


.511 


1.391 


513 


1.391 


512 


1.402 


511 


1.529 


512 


1.626 


512 


1.467 


512 


1.615 


513 


1.660 


514 


1.646 


512 


1.615 


894 


1.619 


979 


1.700 



* Payable in Canada only. (1) Government of Canada 3% due Sept. 1, 1961-66. (2) United Kingdom 3% due Apr. IS, 1959-69. 
(3) U.S. Treasury 2}^% due Dec. 15, 1963-68, is not eligible for commercial banks before Dec. 1, 1952. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS : CANADA, U.K. AND U.S.A. 

Daily Opening Quotations 







* Security is not eligible for commercial banks before Dec. 1, 1952. 



DECEMBER 1951 



212 



V— GOVERNMENT BOND YIELDSt 

Bank of Canada 



1949 



Mar.3l|june30|Sept.30|Dec. 31 



1950 



Mar.31June30Sept.29|Dec. 30 



1951 



Mar. 31 June 30 Sept. 28 Dec 31 







GOVERNMENT 


of Canada 


















1.72 


1.76 


1.79 


1.80 


2.17 


2.67 


2.30 


2.20 


2.37 


2.39 


2.36 


2.34 


2.35 


2.35 


2.47 


2.76 


3.16 


3.07 


3.05 


2.71 


2.70 


2.62 


2.59 


2.63 


2.62 


2.65 


3.02 


3.19 


3.15 


3.13 


2.93 


2.91 


2.74 


2.72 


2.77 


2.78 


2.74 


3.02 


3.22 


3.24 


3.25 


2.22 


2.22 


2.31 


1.97 


2.01 


2.24 


2.15 


2.35 


2.91 


2.92 


2.66 


- 


- 


2.73 


2.64 


2.61 


2.70 


2.72 


2.70 


2.96 


3.02 


2.93 


2.46 


2.54 


2.53 


2.24 


2.17 


2.50 


2.52 


2.59 


2.95 


3.12 


2.86 



Internal Issues 

l}4%due Nov. 1, 1952< l >. 

3% due Nov. 1, 1953/56 

3% due June 1,1957/60 

3% due Sept. 1, 1961/66 

New York Issues 
3M%due Jan. 15, 1956/61. 
2%% due Sept. 1, 1974< 1 >.. 
4^% due July 1, 1957*... 



1.68 
3.22 
3.40 
3.49 



2.60 
3.06 
3.15 



United States Government 



1^% due Mar. 15, 1954<». 

h l A% due Mar. 15, 1956/58 

h}i% due Dec. 15, 1963/68 

2J^% due Dec. 15, 1967/72 









1.31 


1.40 


1.46 


1.57 


1.62 


2.01 


1.97 


1.95 


1.77 


1.59 


1.51 


1.46 


1.54 


1.62 


1.67 


1.80 


2.17 


2.14 


2.09 


2.33 


2.25 


2.13 


2.08 


2.19 


2.27 


2.30 


2.35 


2.53 


2.71 


2.60 


2.43 


2.38 


2.30 


2.24 


2.35 


2.42 


2.44 


2.45 


2.56 


2.69 


2.62 



2.07 
2.19 
2.70 
2.75 



United Kingdom Government 



\2H% due Feb. 15, 1955<»>. 

| 3% due Oct. 15, 1955/59 

\IY 2 % due May 1, 1964/67 

! 3% due Aug. 15, 1965/75 











2.23 


2.05 


1.88 


1.84 


1.79 


2.00 


1.75 


2.15 


2.65 


2.55 


2.49 


2.54 


2.42 


2.32 


2.25 


2.25 


2.50 


2.06 


2.57 


2.86 


3.02 


3.07 


3.10 


3.03 


2.88 


2.95 


3.15 


3.35 


3.35 


2.86 


3.11 


3.37 


3.39 


3.44 


3.43 


3.22 


3.26 


3.43 


3.68 


3.69 



2.42 
3.05 
3.85 
4.15 



\\ Based on approximate market bid side. 



(1) New issue. 



* Canadian National Railways (Guaranteed by Canada). 



Millions of U.S. Dollars 



VI— OFFICIAL HOLDINGS OF GOLD AND U.S. DOLLARS* 

Department of Finance 





Jan. 


Feb. 


Mar. 


Apr. 


May 


June 


July 


Aug. 


Sept. 


Oct. 


Nov. 


Dec. 


1948 


Jold 

J.S. Dollars... . 

p otal 


296.0 
215.0 


305.3 
222.2 


313.5 
294.0 


322.7 
345.7 


331.2 
362.9 


340.4 
401.5 


350.7 
418.0 


359.9 
454.3 


370.9 
484.0 


380.1 
512.1 


388.9 
579.3 


401.3 
596.5 


511.0 


527.5 


607.5 


668.4 


694.1 


741.9 


768.7 


814.2 


854.9 


892.2 


968.2 


997.8 


1949 


iold 


407.2 
614.7 


406.6 
637.3 


408.1 
659.1 


397.7 
593.5 


409.7 
567.5 


419.3 
557.6 

976.9 


427.2 
545.9 


439.7 
547.4 


450.2 
535.1 

985.3 


461.7 
545.7 


475.4 
593.0 


486.4 


J.S. Dollars.... 
"otal 


630.7 


1,021.9 


1,043.9 


1,067.2 


991.2 


977.2 


973.1 


987.1 


1,007.4 


1,068.4 


1,117.1 




1950 


jiold 

J.S. Dollars. . . . 

otal 


500.3 
649.1 


500.7 
675.2 


502.3 
689.9 


502.3 
674.9 


506.2 
676.2 


509.5 
745.9 


521.8 
798.7 


533.4 
970.8 


542.8 
1,246.8 


558.5 
1,268.3 

1,826.8 


570.1 
1,217.3 


580.2 
1,161.5 


1,149.4 


1,175.9 


1,192.2 


1,177.2 


1,182.4 


1,255.4 


1,320.5 


1,504.2 


1,789.6 


1,787.4 


1,741.7 












1951 














jiold 


596.2 
1,147.4 

1,743.6 


607.1 
1,134.8 


610.4 
1,043.0 

1,653.4 


625.3 
1,039.0 


634.4 
1,047.2 

1,681.6 


645.7 
1,037.3 

1,683.0 


662.9 
1,005.8 

1,668.7 


672.7 
889.1 


682.6 
927.5 


724.2 
953.9 


792.2 
956.7 


841 7 


'.S. Dollars. . . . 
otal 


936.9 


1,741.9 


1,664.3 


1,561.8 


1,610.1 


1,678.1 


1,748.9 


1,778.6 



Gold and United States Dollars held by the Exchange Fund Account and Bank of Canada and United States Dollars held by Other Government of Canada 
-counts; not including any part of an amount of $98.8 million in U.S. Funds borrowed in the United States in August 1949 by the Government of Canada and 
t aside for the purpose of retiring an equal amount of certain securities payable in U.S. dollars in following months. Also excludes, in September 1950 only, 
|i amount of $50.0 million set aside from reserves, as well as $50.0 million obtained through a bond issue in New York, to redeem a Government of Canada 
,me of $100 million, payable in U.S. dollars and falling due on October 1st. 



213 



DECEMBER 1951 





VII— FOREIGN EXCHANGE RATES 










Bank of Canada 








Cents per unit 




OFFICIAL RATES* 










u. s 


. Dollar in Canada 


£ Sterling in Canada 




Buying 


Selling 


Mid-rate 


Buying 


Selling 


Mid -rate 


1939 - Sept. 16<» 


110.00 


111.00 


110.50 


443.00 


447.00 


445.00 


1945 - Oct. 15(» 


110.00 


110.50 


110.25 


443.00 


445.00 


444.00 


1946 - July 6<» 


100.00 


100.50 


100.25 


402.00 


404.00 


403.00 


1949 - Sept. 20<» 


110.00 


110.50 


110.25 


307.25 


308.75 


308.00 


MARKET RATESt 




U. S 


. Dollar in Canada 


£ Sterling in Canada 




High 


Low 


Noon aver. 


High 


Low 


Noon aver. 


Business Days 

1950— Nov. 


104.84 


103.25 


104.03 


293.50 


289.25 


291.23 


Dec. 


106.00 


104.59 


105.31 


296.75 


293.00 


294.86 


1951— Jan. 


105.94 


104.75 


105.17 


296.50 


293.50 


294.46 


Feb. 


105.38 


104.41 


104.92 


295.00 


292.44 


293.82 


Mar. 


105.25 


104.44 


104.73 


294.75 


292.50 


293.29 


Apr. 


106.81 


104.94 


105.99 


299.19 


293.88 


296.74 


May 


106.94 


105.38 


106.37 


299.50 


295.13 


297.89 


June 


107.31 


106.63 


106.94 


300.50 


298.50 


299.41 


July 


106.63 


105.53 


106.05 


298.50 


295.38 


296.90 


Aug. 


105.94 


105.09 


105.56 


296.50 


294.13 


295.46 


Sept. 


105.75 


105.19 


105.56 


296.00 


294.38 


295.46 


Oct. 


105.50 


104.19 


105.08 


295.25 


291.63 


294.11 


Nov. 


104.78 


103.50 


104.35 


293.31 


289.69 


292.06 


Dec. 


103.88 


101.19 


102.56 


290.75 


281.38 


286.49 



* Rates established by the Government commencing from the institution of exchange control on Sept. 16, 1939. 
(1) Dates on which official rates were established or changed, 
t Commencing Oct. 2, 1950, official rates of exchange were discontinued; market rates are quotations for transactions between banks in the exchange market. 

UNITED STATES DOLLAR IN CANADIAN FUNDS* 



CANADIAN DOLLARS 



CANADIAN DOLLARS 







APR MAY JUNE 

Market rate; see footnote to table above 



DECEMBER 1951 



214 



Millions of Dollars 



VIII— CONSUMER CREDIT OUTSTANDING 

ESTIMATES OF SELECTED ITEMS 



. 


Charge 
Accounts (D 


Instalment Credit 


Cash 
Personal 
Loans' 4 ' 


Total of 




Retail 
Dealers' 2 ' 


Finance 
Companies' 3 ' 


Total 


Selected 
Items 


1948 — Mar. 31 


235 


75 


52 


127 


240 


602 


June 30 


200 


84 


67 


151 


254 


665 


Sept. 30 


271 


86 


70 


156 


258 


685 


Dec. 31 


300 


111 


71 


182 


266 


748 


1949 — Mar. 31 


207 


105 


72 


177 


268 


712 


June 30 


299 


113 


99 


212 


286 


797 


Sept. 30 


300 


115 


109 


224 


297 


821 


Dec. 31 


328 


140 


116 


256 


308 


892 


1950 — Mar. 31 


291 


130 


122 


252 


316 


859 


June 30 


313 


138 


162 


300 


346 


959 


Sept. 30 


331 


145 


192 


337 


374 


1,042 


Dec. 31 


377 


170 


202 


372 


386 


1,135 


1951 — Mar. 31* 


349 


143 


210 


353 


395 


1,097 


June 30*t 


357 


122 


228 


350 


402 


1,109 


Sept. 30* 


357 


104 


225 


329 


389 


1,075 



(1) Charge accounts receivable outstanding on the books of retail dealers. 

Instalment receivables outstanding on the books of retail dealers. 

Instalment paper held by sales finance and acceptance companies in connection with the financing of retail purchases of consumer goods, largely new and 

used automobiles. 

Includes estimated personal loans by chartered banks, small loan companies, licensed money lenders and credit unions. 

Preliminary. f Revised. 
Note: Estimates of charge accounts and instalment receivables outstanding on the books of retail dealers do not include Newfoundland. In the case of other 

items, Newfoundland estimates have been included as available commencing June 30, 1949. 
Sources: Dominion Bureau of Statistics, Department of Finance, Department of Insurance, Department of Agriculture and Bank of Canada. Further inform- 
ation with respect to definitions, sources and methods is available on request from the Research Department, Bank of Canada. 



(2) 
(3) 

(4) 



CONSUMER CREDIT OUTSTANDING' 
ESTIMATES OF SELECTED ITEMS 



MILLIONS OP DOLLARS 



MILLIONS Or DOLLARS 



1200 



900 



600 



300 







t 


kS AT DCC. 31'" 






TOTAL — 


"~~~ fc.1 


















\ 














| 






1938 39 40 41 42 43 44 45 46 47 48 49 50 51 M J S D M J 3 D M J S D M J S D" 

1948 1949 1950 1951 

* See footnotes to table above. (1) Quarterly figures for the years 1948 to 1951 inclusive. 



215 



DECEMBER 1951 



IX— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





Production 


Res- 
idential 

Con- 
struction 


Car 

Loadings 


Value 

of 

Department 


Employ- 
ment 
Index 

(3) 


Aggregate 
Payrolls 










News- 


Central 


Index 

(» 




Gold 


Nickel 


Steel 


print 


Electric 
Stations' 2 ' 


Contracts 
Awarded 




Store Sales 


Unadjusted 


Unadjusted 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 




Millions 








Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs. 


of Dollars 


Thousands 


of Dollars 


1939=100 


1939 = 100 


AnnualTotals(«> 






















1932 


3,044 


15 


380 


2,186 


12,296 


29 


2,180 


254 


(5) 


(5) 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


289 


(5) 


(5) 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


158.3 


245.2 


1948 


3,530 


132 


3,202 


4,983 


40,607 


373 


4,060 


803 


165.0 


282.9 


1949 


4,124 


129 


3,187 


5,176 


42,103 


464 


3,907 


855 


165.5 


303.7 


1950 


4,441 


124 


3,384 


5,279 


46,085 


542 


3,900 


873 


168.0 


321.8 


12-mths. ending 






















Nov. 1951 


4,377* 


135* 


3,562 


5,512 


51,512 


439 


4,182 


901 


179.5 


376.1 


Monthly 






















1950— Aug. 


375.9 


7.7 


281.3 


466.4 


3,849 


48.5 


275 


61.4 


172.5 


332.5 


Sept. 


364.4 


11.7 


274.9 


437.6 


3,852 


56.3 


363 


78.3 


174.1 


328.0 


Oct. 


376.3 


10.4 


293.9 


456.4 


4,102 


54.X 


385 


83.7 


177.1 


346.6 


Nov. 


378.3 


11.9 


289.5 


456.7 


4,143 


44.0 


369 


98.2 


178.1 


351.7 


Dec. 


382.5 


10.3 


291.2 


430.6 


4,241 


28.5 


314 


118.9 


179.2 


356.2 


1951— Jan. 


374.5 


10.9 


309.7 


453.0 


4,368 


16.0 


331 


58.3 


175.3 


338.2 


Feb. 


347.1 


9.6 


281.4 


425.1 


3,932 


25.0 


294 


58.4 


172.3 


351.5 


Mar. 


372.4 


11.6 


314.8 


473.0 


4,395 


32.0 


336 


72.6 


172.3 


353.8 


Apr. 


363.1 


10.5 


312.0 


447.6 


4,227 


49.8 


337 


75.1 


173.3 


357.8 


May 


369.4 


12.4 


313.3 


485.7 


4,407 


52.0 


380 


76.6 


175.6 


367.9 


June 


362.6 


11.8 


293.5 


464.3 


4,242 


50.3 


370 


69.5 


180.3 


379.0 


July 


344.4 


11.8 


274.6 


452.5 


4,205 


43.8 


350 


54.5 


183.6 


392.5 


Aug. 


345.1 


12.2 


286.8 


484.6 


4,315 


35.2 


363 


61.5 


184.3 


394.0 


Sept. 


359.0 


11.6 


268.2 


431.1 


4,148 


30.0 


350 


72.4 


185.1 


400.2 


Oct. 


378.4 


11.7 


309.4 


492.5 


4,511 


29.2 


390 


81.3 


186.5 


410.0 


Nov. 






307.1 


471.7 


4,471 


47.0 


367 


101.9 


186.2 


412.3 



(1) Source; Newsprint Association of Canada. Includes Newfoundland. (2) Total output less exports and secondary power. Includes Newfoundland 

commencing January 1950. (3) 9 Leading industries. First of month figures. (4) Average of months in case of Employment and Payrolls Indexes. 

*12-months ending Oct. 1951. (5) Not available. 



Thousands of Short Tons 



X— NEWSPRINT : NORTH AMERICA 

Newsprint Association of Canada